Responsibilities

- Preparation of form 1065-Partnership returns for Hedge Funds, Private Equity, Venture Capital Funds, Fund of Funds (federal & state jurisdictions returns).
- Basic knowledge of tax allocations, waterfall, carry, instalment Sales.
- Basic understanding of derivatives. Basic understanding of Temporary and permanent adjustments.
- Basic understanding of favorable and unfavorable adjustments.
- Basic understanding of Sec 163J and Sec 199A.
- Basic understanding of Schedule M-1, Schedule M-3.
- Basic understanding of types of investors (Limited and General Partners).
- Basic understanding of Management companies, GP entities.
- Book to tax adjustment for accruals and prepaids.
- Depreciation & Amortization - Tax concept, applicability, and eligible assets.
- Basic understanding of Guaranteed payment tax treatment.
- Reference IRC codes & preliminary source for any recent book to tax differences identified in supporting workpapers.
- Basic understanding of State tax returns, e.g., common state adjustments, Allocation and Apportionment (A&A;)
- Ability to differentiate between Allocation of income and Apportionment of income.
- Clear understanding of partners tax capital accounts.
- Ability to perform proper self-review of work before moving the task for review.
- Document open items and share updates with reviewer in completing tax returns within set deadlines.




- Ability to work on multiple projects simultaneously and correspond with aligned reviewer on status.
- Knowledge of e-file validation and diagnostics of returns and connect Go support for e-file diagnostics clearing.
- Hands on experience on tools and applications (Allocation work papers, aggregates as applicable)
- Basic understanding of CARES Act and its implication and application.

Requirements

- Qualification: Commerce Graduate/Postgraduate
- Experience: 2+ years in US Taxation.
- The candidate should possess good communication and drafting skills with a work-based demonstrated affinity in pursuing a career in customs matters.
- The candidate should demonstrate integrity and energy and possess independent working ability and have a collaborative mindset
- Active communicator and a great team player
- Ability to plan, prioritize, and organize work effectively
- Ability to balance many projects simultaneously
- Ability to work under pressure and time deadlines
- Ability to work independently
- Ability to be flexible with scheduling to meet workflow demands
- Ability to present a professional appearance and demeanor
- Ability to maintain client confidentiality, personal objectivity, and professional skepticism

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Staff Level II Accountant - 1065 FS - Tax - BLR (Bengaluru)
🏢 Withum India
📍 Bengaluru