US Corp Tax - Federal Tax - 1120 Professional

Role Overview

The US Corporate Tax Specialist will be responsible for preparing, reviewing, and filing federal corporate income tax returns (Form 1120) for US entities. The role requires in-depth knowledge of US corporate tax laws, compliance requirements, tax research, and working with cross-border teams to ensure accurate and timely filings.

Key Responsibilities

Tax Compliance & Return Preparation

• Prepare and review US federal corporate income tax returns (Form 1120) in compliance with IRS regulations.
• Calculate taxable income, adjustments, deductions, and credits.
• Ensure accurate reporting of book-to-tax differences and deferred taxes.
• Maintain working papers and documentation to support filings.

Tax Planning & Advisory

• Assist in corporate tax planning to minimize tax liability while ensuring compliance.
• Research and interpret US tax codes, regulations, and court cases.
• Support implementation of tax-saving strategies in line with federal laws.

Coordination & Communication

• Liaise with clients, auditors, and internal teams to collect necessary information for tax returns.
• Respond to IRS notices, inquiries, and audits related to corporate taxes.
• Collaborate with state/local tax teams for combined reporting when applicable.

Process Improvement & Technology

• Use tax compliance software (e.g., GoSystem, OneSource, Corptax, CCH Axcess) for efficient return preparation.
• Recommend process improvements and automation opportunities for tax reporting.
• Stay updated on changes in US federal tax laws and communicate implications to stakeholders.

Key Skills & Competencies

• Strong knowledge of US federal corporate income tax laws and Form 1120 requirements.
• Experience in tax accounting (ASC 740) and book-to-tax reconciliations.
• Proficiency with US tax compliance software and MS Excel.
• Analytical skills with attention to detail and accuracy.
• Strong written and verbal communication skills.