HNI Managers And Senior Managers

Tax Manager and Senior Manager - US Global Employer Services- HNI - 1041

Do you have a passion to transform their current state of tax to the next generation of tax functions Are you a team player with a practical, business-oriented mindset Do you enjoy working in an ever-changing global environment with fast-moving markets and evolving business models If the answer to all of the above is Yes, come join us!

Deloitte Tax Services India Private Limited (USI Tax) commenced operations in June 2004. Since then, nearly all the Deloitte Tax LLP (Deloitte Tax) U.S. service lines have obtained support through the USI Tax teams.

Deloitte Tax is leading its clients through the tax transformation taking place in the marketplace, offering a broad range of fully integrated tax services by combining technology and tax technical resources to comply with the reporting requirements, uncover insights and deploy approaches for navigating an increasingly complex global environment.

Work youll do

To list some of key responsibilities: -

The U.S. India Tax Compliance Group works with global clients to provide tax compliance services, including income and several other tax return preparations, and computations.

Signing complex returns for HNI / PW clients which contain the below calculations / forms:

Gift Tax Returns - Form 709

o Estate Tax Returns - Form 706

o Trust Returns - 1041

o Foreign Gifts / Bequests received - 3520

o K-1 - Hedge Funds / PTP / Basis calculations / At Risk reporting and associated foreign forms (K3 Reporting) 926 / 8886 / 8621/ 8865 / 5471 / QBI reporting

o High Risk / informational reporting forms - 3520 / 8865 / 8858

o Instalment Sales & Like Kind Transactions, IRAs

o Tax Planning / Extension / Estimate tax planning

o In depth knowledge of depreciation methods and recapture

This role will primarily concentrate on delivering individual tax return compliance process services for High Net Worth Individuals (HNI). The services encompass tax accounting, research related to income tax compliance for U.S. federal, state, and international tax issues, and the identification and preparation of advisory services concerning income tax matters.

Responsibilities will include preparation, review and signing of complex individual income tax returns, conduct US tax law research and manage tax consulting projects.

The ideal candidate for this position would embrace the opportunity to work with Deloitte US and global member firms around the world, and to build extensive knowledge in the field of U.S. income tax, be detail oriented, and have excellent people, team management, project management, and leadership skills.

The Team

Accelerating globalization, growing regulatory and business complexity, and evolution of tax technology is creating ever-increasing expectations for tax executives. At Deloitte, we are leading clients through change, uncovering insights and providing strategic value to organizations. Our approach combines insight and innovation from multiple disciplines with business and industry knowledge to help serve our clients with distinction. You will be based in India and are part of the US team serving our U.S. based clients.

Qualifications and Experience

Required:

9-12 or more years in handling complex tax returns for High-Net-Worth Individuals (HNI) and private wealth clients, with extensive signing experience.

Knowledge of Forms 709, 706, Trust returns 1041, Foreign Gifts / Bequests received - 3520, K-1 - Hedge Funds, foreign forms 926 / 8886 / 8621/ 8865 / 5471

Adequate level of familiarity with US federal and state income tax legislation including foreign national and expatriate tax issues.

Proficiency in tax software (e.g., CCH Axcess, ProSystem fx) and Microsoft Office Suite.

Excellent written and verbal communication skills in English language

Strong accounting knowledge

Critical thinking and analytical skills

Knowledge on Microsoft Office products Excel, Word, etc.

Aptitude for learning technology (proprietary tools such as Tracker)

Enrolled Agent (EA) accreditation required

Work Location: Hyderabad, Bengaluru, Chennai, Gurgaon, Pune, Mumbai & Kolkata offices

Shift Timings: 11 AM to 8 PM IST | 2 PM to 11 PM IST