Original job description
• Individual Income Tax Preparation: Prepare and file federal and state individual income tax returns (such as IRS Form 1040) along with relevant schedules (Schedule A, C, D, E).
• Income and Deduction Analysis: Gather W-2s, 1099s, K-1s, and investment statements to capture all eligible itemized or standard deductions, charitable contributions, and credits.
• Freelance and Self-Employment Support: Help independent contractors, gig workers, and sole proprietors track business expenses, calculate self-employment tax, and file quarterly estimates.
• Estate and Gift Tax Planning: Assist clients with multi-generational wealth transfer, trust and fiduciary tax returns (Form 1041), and gift tax filings (Form 709).
• Year-Round Tax Projection: Run mid-year or end-of-year tax projections to advise clients on major financial moves, such as selling real estate, exercising stock options (ISOs/RSUs), or maximizing retirement contributions (401k/IRA).
Corporate tax accountants focus on business entities, including C-corporations, S-corporations, partnerships, and LLCs.
• Corporate Tax Return Preparation: Prepare and file federal, state, and local corporate income tax returns (such as IRS Form 1120 or 1120-S).
• Tax Provision and Accounting: Calculate tax provisions for financial statements in accordance with GAAP (Generally Accepted Accounting Principles) or IFRS, reconciling book income with taxable income.
• Quarterly Estimated Payments: Compute and schedule estimated tax payments for businesses to avoid IRS underpayment penalties.
• Multi-State and International Tax Compliance: Manage state apportionment, franchise taxes, sales and use taxes, payroll taxes, and cross-border or international tax obligations (like GILTI or Subpart F income)
More about this job
Responsibilities
Prepare individual, trust, fiduciary, and corporate tax returns, and advise clients on deductions, credits, self-employment taxes, estimated payments, and tax projections. Manage tax provisions and compliance across multiple states and international jurisdictions, including business, payroll, sales, and cross-border tax obligations.
Requirements
The posting describes responsibilities requiring knowledge of individual, estate, gift, trust, and corporate taxation, as well as tax accounting under GAAP or IFRS. It does not specify required education, certifications, or years of experience.
Skills
- Individual Income Tax Preparation
- Federal And State Tax Returns
- Income And Deduction Analysis
- Self-Employment Tax
- Quarterly Estimated Tax Payments
- Estate And Gift Tax Planning
- Trust And Fiduciary Tax Returns
- Tax Projections
- Tax Provision Accounting
- GAAP
- IFRS
- Multi-State Tax Compliance
- International Tax Compliance
- State Apportionment
- Sales And Use Tax
Visa sponsorship
Not detected in the job text
Keywords
- IRS Form 1040
- Schedule A
- Schedule C
- Schedule D
- Schedule E
- W-2
- 1099
- K-1
- Self-Employment Tax
- Form 1041
- Form 709
- 401(k)
- IRA
- ISO
- RSU
- IRS Form 1120
- IRS Form 1120-S
- GAAP
- IFRS
- Tax Provision
- State Apportionment
- Franchise Tax
- Sales And Use Tax
- Payroll Tax
- GILTI
- Subpart F Income
