Tax Accountant

Tax Accountant interview questions:

Tax Accountants coordinate the payment of obligations and tax returns on an accurate and timely basis. They also keep records of financial data and forecast tax obligations.

When hiring for this role, look for candidates with bookkeeping experience along with an Accounting degree. Although not required, additional certification, like a CMA or CPA, is a plus. They’re indicators of professionals who are genuinely interested in their industry. Individuals who attend conferences and seminars, follow accounting forums and stay up-to-date on world and economic news are committed to the field.

During your interviews, test how your candidates approach regular tasks: Are they methodical? Do they keep organized records? How do they check their work for accuracy? Your ideal candidates will not only “get the job done” but also identify tax-saving opportunities.

Role-specific questions:

• Which accounting software have you worked with?
• What kinds of monthly and yearly reports have you prepared?
• What details are necessary for filing a 1096 form? How does e-filing a 1099 differ?
• Could you explain the purpose of an IRS Backup Withholding Notice?
• What measures do you take to prevent numerical errors in your reports?

Operational and Situational questions:

• If you received a B-Notice on behalf of your client, what steps would you take?
• What data and information would you incorporate into a tax forecasting report for the upcoming year?
• In a situation where you believed the tax payment deadline was a month away but it’s actually in a week, how would you address it?
• How would you communicate to your manager that the company is facing a fine due to your lack of awareness about a regulatory change?

Behavioral questions:

• What drew you to the field of tax accounting instead of other areas like forensic accounting or auditing?
• Can you explain your strategies for staying informed about regulatory changes in the tax industry?
• How do you stay current with global economic developments?
• Tell me about a specific instance where you were able to save your client or employer money through your tax accounting skills.
• Have you ever encountered an ethical dilemma in your work? If yes, please share the situation and how you handled it.