Position: US Tax – 1040 Staff 2
Experience: 2–3 years
Location: Bangalore, India
Employment Type: Full-time
Domain: US Taxation – Individual Tax / HNI
Job Summary
We are looking for a US Tax 1040 Staff 2 professional with 2–3 years of relevant experience in US Individual Taxation, particularly High-Net-Worth Individual (HNI) tax returns. The candidate will be responsible for preparing and reviewing US individual income tax returns and supporting tax compliance engagements.
Key Responsibilities
- Prepare US Federal and State Individual (Form 1040) tax returns for HNI clients.
- Handle complex individual tax returns involving:
- Schedule A, B, C, D, E and other supporting schedules
- Investments, capital gains/losses and brokerage statements
- Rental and partnership/S-corporation income
- K-1s and pass-through income
- Foreign income and investments
- Stock options, RSUs and other investment-related transactions
- Charitable contributions and itemized deductions
- Work on HNI/complex 1040 tax returns with multiple sources of income and investments.
- Perform tax research and identify potential tax-saving opportunities.
- Prepare supporting workpapers and ensure proper documentation.
- Review tax returns for accuracy, completeness and compliance with US tax regulations.
- Communicate with seniors/managers regarding open items, technical issues and client requirements.
- Manage assigned work within deadlines and maintain high-quality standards.
- Assist in resolving review comments and make necessary adjustments to tax returns.
Required Skills & Experience
- 2–3 years of hands-on experience in US Individual Taxation (1040).
- Mandatory: Experience working on HNI/High-Net-Worth Individual 1040 tax returns.
- Strong knowledge of US Federal and State taxation.
- Experience with complex Form 1040 returns and related schedules.
- Good understanding of K-1s, Schedule D, Schedule E, investments and capital gains.
- Exposure to tax software such as GoSystem, CCH Axcess, UltraTax, ProSystem fx or similar is preferred.
- Good understanding of US tax forms, instructions and IRS regulations.
- Strong analytical and problem-solving skills.
- Positive written and verbal communication skills.
- Ability to work independently as well as within a team.
- Ability to manage multiple assignments and meet strict tax deadlines.