US Individual Tax Reviewer or Business Tax Reviewer

Individual Tax Reviewer/Manager

Requirements:

• Good Communication skills
• Fluency in English (written and spoken)
• This is a full-time on-site role for a US Tax Reviewer - Individual Tax
• The role involves reviewing and analyzing individual tax returns, interpreting tax laws, and providing tax advice to clients.
• The Tax Reviewer will be responsible for ensuring accuracy and compliance with tax regulations.
• Quick learner, enthusiastic, positive demeanor, and a team player
• Ready to work long hours during busy season times
• Flexibility and be able to meet the deadlines & work based on the urgency of the projects
• Relevant Experience 5-6 years

Role & responsibilities/ Qualifications:

• 5 to 6 years of experience in preparation and reviewing form 1040 and necessary schedule
• Tax Preparation, Review and Tax Compliance filings
• IRS/State notice handling and representation
• Tax Preparation proficiency
• Knowledge of Tax Law and Regulations
• Experience in handling complex Tax returns
• Experience in handling PFIC, RSU/ESPP/Stock Options, Sale of Property (Sec 121, 1031 exchange)
• Form 5471 informational tax return of foreign entity, FBAR and Form 8865
• Strong analytical and problem-solving skills
• Excellent attention to detail
• EA or relevant certification is a plus
• Experience in handling complex tax returns such as PFIC, RSU/ESPP/Stock Options
• Experience in handling Schedule C, D and rental incomes (Schedule E)
• FBAR and FATCA filings
• Self learning and research complex tax topics
• Notice handling and prepare responses to IRS and respective state departments
• Experience in handling multi state tax returns
• Supervise and train the tax preparers
• Knowledge of Tax Law and Regulations
• Experience in handling complex Tax returns
• Sale of primary house and investment property computations
• Strong analytical and problem-solving skills
• Experience in Drake tax software is plus
• EA or relevant certification is a plus
• Form 1040 U.S. Individual Income Tax Return
• Form 1040NR U.S. Nonresident Alien Income Tax Return
• Form 1040-ES Estimated Tax for Individuals
• Form 2555 Foreign Earned Income Exclusion
• Form 1116 Foreign Tax Credit
• Form 5471 & 5472 Information Return of U.S. Persons with Foreign Corporations
• Form 8865 – Return of U.S. Persons with Respect to Certain Foreign Partnerships
• Form 8854 – Initial and Annual Expatriation Statement
• Form W-2 & W-4 – Wage and Tax Statement / Employee’s Withholding Certificate
• Form W-9 – Request for Taxpayer Identification Number (TIN)
• FBAR (FinCEN Form 114) – Report of Foreign Bank and Financial Accounts

Business Tax Reviewer/ Manager

Requirements:

• Good Communication skills
• Fluency in English (written and spoken)
• Quick learner, enthusiastic, positive demeanor, and a team player
• Ready to work long hours during busy season times
• Flexibility and be able to meet the deadlines & work based on the urgency of the projects
• Relevant Experience 5-6 years

Role & responsibilities:

• Review complex US business tax returns (Forms 1065, 1120 and 1120-S).
• Form 5471 and 5472 filings
• Schedule M1 and M2 adjustment
• R&D tax credit computation
• Tax filing for real estate investments
• Various tax deductions and credits
• FBAR and compliance filings
• Form 8804 and 8805 for non resident withholdings
• Keeping up to date with tax regulations and guidelines that are set forth by the Federal, State & Local Department.
• Provide strategic tax planning and consulting services to clients, identifying tax-saving opportunities, advising on the tax implications of business decisions, and developing customized tax strategies to optimize clients' overall tax positions.
• Delegating, Monitoring & Training the employees.
• Establish & develop good relationship and communication to ensure Client satisfaction.
• Build work relationships with peers, supervisors, and colleagues. And preparation of financial packets for tax preparer
• Review complex US business tax returns (Forms 1065, 1120 and 1120-S).
• Form 5471 and 5472 filings
• Schedule M1 and M2 adjustment
• R&D tax credit computation
• Tax filing for real estate investments
• Various tax deductions and credits
• FBAR and compliance filings
• Form 8804 and 8805 for non resident with holdings
• Keeping up to date with tax regulations and guidelines that are set forth by the Federal, State & Local Department.
• Provide strategic tax planning and consulting services to clients, identifying tax-saving opportunities, advising on the tax implications of business decisions, and developing customized tax strategies to optimize clients' overall tax positions.
• Delegating, Monitoring & Training the employees.
• Establish & develop good relationship and communication to ensure Client satisfaction.
• Build work relationships with peers, supervisors, and colleagues and preparation of financial packets for tax preparer.
• Partnership - Form 1065 + Schedule K-1 for each partner
• S Corporation - Form 1120S + Schedule K-1 for shareholders
• C Corporation - Form 1120
• LLC (varies) - Depends on election: Schedule C, 1065, or 1120/1120S

Employment Tax Forms

• Form W-2: Reports wages and taxes withheld for employees
• Form W-3: Summary of W-2s sent to Social Security Administration
• Form W-4: Completed by employees to determine withholding
• Form 941: Quarterly report of income tax, Social Security, and Medicare
• Form 940: Annual Federal Unemployment Tax (FUTA)
• Form 944: Annual alternative to Form 941 for small employers

Contractor & Non-Employee Compensation

• Form 1099-NEC: Payments of $600+ to freelancers/contractors
• Form 1099-MISC: Miscellaneous income (rent, prizes, etc.)
• Form W-9: Contractor provides taxpayer ID
• Form 1096: Summary of paper-filed 1099s

Other Common Forms

• Form 720: Excise taxes
• Form 5500: Retirement plan reporting
• Form 2553: Elect S corporation status
• Form 8832: Entity classification election