Tax Professional for Partnership Returns
9 hours ago
WithumSmith+Brown, P.C., is a forward-thinking advisory and accounting firm that empowers clients and our professional staff with innovative tools and solutions to address their accounting, tax, and business management needs.
SalaryThe estimated annual salary for this position is $70,000 - $90,000, commensurate with experience.
Job DescriptionThis Tax Staff Accountant role in our Withum India office involves reporting to the Tax Managers and Seniors, collaborating with the US Tax Services Group on various tax engagements, and preparing form 1065-Partnership returns for both Real estate and operating partnership federal & state jurisdictions returns.
Required Skills and Qualifications- 2 to 4 years of post-qualification hands-on experience in U.S. accounting firms
- 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
- Working level experience on Gains and losses (Sec 1245, 1231, 1250 and 291)
- Amortization – Tax concept, applicability, and eligible assets
- Basic understanding of Guarantee payment tax treatment
- Reference IRC codes & 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
We offer a dynamic work environment, opportunities for growth and development, and a commitment to diversity and inclusion. Withum will not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability, or because he or she is a protected veteran.
OthersPlease visit www.withum.com for more information about our company culture and values.
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