Tax Advisor Interview Questions

198 tax advisor interview questions shared by candidates

John's son, Derek, is 23, a full-time student in his second year of college, and does not have any income. John's filing status is Married Filing Jointly, the total modified adjusted gross income on the return is $112,000, and Derek will be claimed as a dependent on John's tax return. His educational expenses included $8,000 for tuition, and $4,000 for room and board. Derek received a $5,000 scholarship for tuition use only, as well as an additional $2,500 scholarship to pay any college expenses. John paid the remaining $4,500 in cash. Please research and refer to resources to answer the following questions for your customer, in your own words: Is Derek a qualified dependent on John's tax return? If so, what are the credits that John can claim on his tax return? What are the total tuition expenses? Is any part of the scholarship received taxable?
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Turbo Tax Live Advisor

Interviewed at Intuit

4.2
Sep 23, 2024

John's son, Derek, is 23, a full-time student in his second year of college, and does not have any income. John's filing status is Married Filing Jointly, the total modified adjusted gross income on the return is $112,000, and Derek will be claimed as a dependent on John's tax return. His educational expenses included $8,000 for tuition, and $4,000 for room and board. Derek received a $5,000 scholarship for tuition use only, as well as an additional $2,500 scholarship to pay any college expenses. John paid the remaining $4,500 in cash. Please research and refer to resources to answer the following questions for your customer, in your own words: Is Derek a qualified dependent on John's tax return? If so, what are the credits that John can claim on his tax return? What are the total tuition expenses? Is any part of the scholarship received taxable?

Jack and Jill have lived together for the past two years. They are not married. Jill has an 8 year old son, Max, from a previous relationship. Jack and Jill have a 2 year old daughter, Sabrina, together. Jill has no income. Jack earns $80,000 as an employee. He pays all living expenses for everyone in the household. Please explain to Jack how many dependents he can claim on his current year return. What credits might he be eligible to claim?
avatar

Turbo Tax Live Advisor

Interviewed at Intuit

4.2
Sep 23, 2024

Jack and Jill have lived together for the past two years. They are not married. Jill has an 8 year old son, Max, from a previous relationship. Jack and Jill have a 2 year old daughter, Sabrina, together. Jill has no income. Jack earns $80,000 as an employee. He pays all living expenses for everyone in the household. Please explain to Jack how many dependents he can claim on his current year return. What credits might he be eligible to claim?

Josie recently moved to a small apartment. She spent two months working with a consultant to dispose of her treasured collection of clothes, shoes, dishes, and Christmas decor. After a successful living estate sale, two truck loads of items were donated to a local thrift charity. Josie estimates the value of the items to be $95,000. In your own words, what questions would you have for Josie? What resources would you use and what guidance would you give Josie?
avatar

Turbo Tax Live Advisor

Interviewed at Intuit

4.2
Sep 23, 2024

Josie recently moved to a small apartment. She spent two months working with a consultant to dispose of her treasured collection of clothes, shoes, dishes, and Christmas decor. After a successful living estate sale, two truck loads of items were donated to a local thrift charity. Josie estimates the value of the items to be $95,000. In your own words, what questions would you have for Josie? What resources would you use and what guidance would you give Josie?

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