Responsibilities

- Preparation of form 1065-Partnership returns for both Real estate and operating partnership federal & state jurisdictions returns.
- Basic understanding of Temporary and permanent adjustments.
- Basic understanding of favorable and unfavorable adjustments.
- Book to tax adjustment for accruals and prepaids.
- Work on book to tax reconciliation (Sch M-1), depreciation computation (Form 4562) & supporting documents with adequate referencing (e.g. Applicability of Sec 179, 168(k) bonus depreciation and Regular MACRS depreciation.
- Working level experience on Gains and losses (Sec 1245, 1231, 1250 and 291)
- Amortization - Tax concept, applicability and eligible assets.
- Basic understanding of guarantee payment tax treatment.
- Reference IRC codes and preliminary source for any new 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.
- Factors associated with A&A.;
- Special allocations V/S default ratio allocations.
- Explicit 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 correspondence with aligned reviewer on status.
- Knowledge of efile validation and diagnostics of returns and connect Go support for efile diagnostics clearing.
- Hands on experience on tools and applications.
- Basic understanding of CARES Act and its implication and application.

Qualifications

- Qualification: Commerce Graduate/Postgraduate
- Experience: 2+ years in US Partnership 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 - Tax - BLR (Bengaluru)
🏢 Withum India
📍 Bengaluru