US Tax Senior (Business Tax Returns)

Designation: US Tax Senior (Business Tax Returns)

Location: Prahlad Nagar, Ahmedabad

Experience: 2+ Years

Salary: Upto 18 LPA

Job Profile:

We are looking for a US Tax Senior with expertise in preparing and reviewing business tax returns including partnerships, corporations, and S-corporations. The role includes handling complex structures, international reporting, and supervising team members.

Key Responsibilities

1. Tax Preparation & Review

• Prepare and review:

o Form 1065 (Partnerships)

o Form 1120 (C-Corporations)

o Form 1120S (S-Corporations)

• Review K-1 allocations, capital accounts, and book-tax differences

• Handle multi-entity and fund structures

2. International & Foreign Reporting

• Prepare and review:

o Form 5471 (CFC reporting)

o Form 5472 (Foreign-owned US entities / related party transactions)

o Form 8865 (Foreign partnerships)

o Form 8858 (Foreign disregarded entities)

o Form 1118 (Foreign Tax Credit – Corporations)

o PFIC (Form 8621)

• Analyze cross-border transactions, transfer pricing basics, and intercompany dealings

3. Partnership Tax & Advanced Concepts

• Handle:

o Capital accounts (tax vs book)

o Basis tracking (inside/outside basis)

o Section 704(b), 704(c) allocations

o Section 754 elections and 743(b) / 734(b) adjustments

• Work on fund structures and investment entities

4. Technical Review & Research

• Review complex returns for compliance and accuracy

• Research tax positions and document conclusions

5. Client & Team Coordination

• Interact with clients for data gathering and issue resolution

• Supervise and review work of junior staff

• Provide training and technical guidance

6. Compliance & Filings

• Ensure timely filing of federal and state returns

• Handle extensions, estimates, and compliance calendars

Key Forms Covered

• Forms 1065, 1120, 1120S

• Forms 5471, 5472, 8865, 8858, 1118, 8621

• State returns and apportionment

• K-1 reporting and disclosures

Qualifications

• CA / CPA / EA or Equivalent

• 2-4+ years of US business tax experience

Company Profile:

The company is a fast-growing professional service group based in Ahmedabad, offering finance and accounting outsourcing to clients worldwide. They help businesses streamline operations, improve financial management, and support growth. With a team of skilled professionals, the company provides advanced business analytics, predictive financial modeling, and real-time reporting, enabling clients to focus on core activities and gain a competitive edge.

Thanks & Regards,

Rishita Verma

HR Recruiter

Mantras2Success

+91 7227046629