US Partnership Tax Specialist

What role will you play in the team?

As a US Partnership Tax Specialist, you will be responsible for the preparation and review of complex partnership tax returns, conducting in-depth tax research, and assisting with tax planning strategies for our partnership clients. Collaborating with senior team members, you'll ensure accurate tax filings and compliance.

What you will do

You will be preparing complex US partnership tax returns (Form 1065). Performing detailed tax research and analysis. Assisting with tax planning strategies for partnerships. Responding to complex client inquiries and resolving partnership tax issues. Maintaining accurate and organized partnership tax records.

Key Responsibility

• Prepare accurate and timely US partnership tax returns (Form 1065) and related schedules.
• Conduct comprehensive tax research using sources like the Internal Revenue Code, Treasury Regulations, court cases, and IRS publications.
• Assist in developing and implementing tax planning strategies to minimize tax liabilities for partnerships.
• Analyze complex partnership transactions, such as allocations of income and loss, and ensure proper tax treatment.
• Respond to client inquiries and provide guidance on a wide range of partnership tax issues.
• Represent clients during IRS audits and assist in resolving tax disputes related to partnerships.
• Stay current on federal tax law changes and updates through continuing education and professional development.
• Collaborate with other members of the tax team to ensure the efficient and effective delivery of tax services.
• Ensure compliance with all internal controls and ethical standards.
• Assist in the development of tax technology solutions and process improvements specific to partnership taxation.

Required Qualification and Skills

• Bachelor's or Master's degree in Accounting, Finance, or a related field.
• 2-4 years of experience in US partnership tax preparation and compliance.
• Comprehensive knowledge of US partnership tax laws and regulations, including Subchapter K of the Internal Revenue Code.
• Proficiency in using tax preparation software such as ProSystem fx, GoSystem Tax RS, or TaxAct.
• Excellent analytical and problem-solving skills.
• Exceptional attention to detail and accuracy.
• Ability to work independently and as part of a collaborative team.
• Strong communication and interpersonal skills.
• Ability to manage multiple projects and meet deadlines in a fast-paced environment.
• Experience with tax research databases such as Checkpoint and BNA, particularly related to partnership taxation.

Benefits Included

• Competitive salary and comprehensive benefits package.
• Health insurance coverage, including medical, dental, and vision.
• Generous paid time off, including vacation, sick leave, and holidays.
• Retirement savings plan with employer matching contributions.
• Extensive professional development opportunities and training programs.
• Employee assistance program providing confidential counseling and support services.
• Wellness programs to promote physical and mental well-being.
• Flexible work arrangements to support work-life balance.
• Opportunities for advancement and career growth within the firm.
• A supportive and inclusive work environment.

A Day in the Life

A typical day involves preparing complex partnership tax returns, conducting tax research related to partnership taxation, assisting with tax planning strategies, responding to client inquiries specific to partnerships, and collaborating with team members on various projects. The day may also include attending training sessions to stay updated on the latest partnership tax law changes.