Tax Accountant
5 days ago
We are seeking a highly skilled Tax Accountant to join our team in the US Tax Services Group. As a key member of our team, you will be responsible for preparing form 1065-Partnership returns for both Real estate and operating partnership federal & state jurisdictions returns.
This is an excellent opportunity to work with a dynamic team and contribute to the success of our clients. Withum offers a unique work environment that fosters personal and professional growth, making it an ideal place to build your career.
Requirements- 1 to 4 years of post-qualification hands on experience in U.S accounting firm
- Basic understanding of Temporary and permanent adjustments
- Basic understanding of favorable and unfavorable adjustments
- Book to tax adjustment for accruals and prepaids
- Work on book to tax reconciliation (Sch M-1), depreciation computation (Form 4562) & supporting documents with adequate referencing (e.g. Applicability of Sec 179, 168(k) bonus depreciation and Regular MACRS depreciation
- Working level experience on Gains and losses (Sec 1245, 1231, 1250 and 291)
- Amortization – Tax concept, applicability and eligible assets
- Basic understanding of guaranteed payment tax treatment
To be successful in this role, you should have:
- Knowledge of IRC codes and preliminary source for any new book to tax differences identified in supporting workpapers
- Basic understanding of State tax returns, e.g. common state adjustments, Allocation and Apportionment (A&A)
- Ability to differentiate between Allocation of income and Apportionment of income
- Factors associated with A&A
- Special allocations V/S default ratio allocations
- Clear understanding of partners tax capital accounts
We offer a competitive salary of $55,000 - $65,000 per year, depending on experience. Our benefits package includes health insurance, retirement plan, paid time off, and professional development opportunities.
About UsWithum is a forward-thinking, technology-driven advisory and accounting firm helping clients to Be in a Position of StrengthSM in today's modern business landscape. We empower clients and our professional staff with innovative tools and solutions to address their accounting, tax and overall business management and operational needs.
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