Senior Tax Accountant
7 days ago
At Withum, we empower our clients and staff with innovative tools and solutions to address their accounting, tax, and business management needs. Our Tax Services Group is comprised of a brilliant team of tax specialists who work diligently to ensure accurate and timely tax reporting, minimize tax liabilities, and develop economical tax strategies.
We are seeking a Senior Tax Accountant to join our team, specializing in US partnership taxation. The ideal candidate will possess a strong understanding of form 1065-partnership returns, Temporary and permanent adjustments, book-to-tax reconciliations, and depreciation computations.
The successful candidate will have hands-on experience with tax applications, efile validation, and diagnostics, as well as knowledge of the CARES Act and its implications. Strong communication and drafting skills are essential for effective collaboration with team members and clients.
We value integrity, energy, and independent working ability, with a collaborative mindset and excellent time management skills. If you are an active communicator and a great team player, with a passion for tax accounting, we encourage you to apply.
Key Responsibilities:
- Prepare complex partnership returns, including real estate and operating partnerships
- Manage Temporary and permanent adjustments, favorable and unfavorable adjustments
- Perform book-to-tax reconciliations, depreciation computations, and supporting documentation
- Work on Gains and losses (Sec 1245, 1231, 1250, and 291)
- Amortization–Tax concept, applicability, and eligible assets
- Guarantee payment tax treatment, reference IRC codes, and preliminary sources for new book-to-tax differences
- State tax returns, common state adjustments, Allocation and Apportionment (A&A)
- Differentiate between Allocation of income and Apportionment of income
- Factors associated with A&A, Special allocations vs default ratio allocations
- Clear understanding of partners' tax capital accounts
- Proper self-review of work before moving tasks for review
- Document open items and share updates with reviewer
- Maintain client confidentiality, personal objectivity, and professional skepticism
Requirements:
- Bachelor's degree in Commerce or related field
- Minimum 2+ years of experience in US partnership taxation
- Excellent communication and drafting skills
- Independent working ability and collaborative mindset
- Active communicator and great team player
- Strong time management and organization skills
- Ability to balance multiple projects simultaneously
- Maintain client confidentiality and professional skepticism
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