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 qualified 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.
Valuable 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.
Valuable 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.