. Tax Preparation & Review
- Prepare and review:
- Form 1065 (Partnerships)
- Form 1120 (C-Corporations)
- 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:
- Form 5471 (CFC reporting)
- Form 5472 (Foreign-owned US entities / related party transactions)
- Form 8865 (Foreign partnerships)
- Form 8858 (Foreign disregarded entities)
- Form 1118 (Foreign Tax Credit – Corporations)
- PFIC (Form 8621)
- Analyze cross-border transactions, transfer pricing basics, and intercompany dealings
3. Partnership Tax & Advanced Concepts
- Handle:
- Capital accounts (tax vs book)
- Basis tracking (inside/outside basis)
- Section 704(b), 704(c) allocations
- 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
