US Tax Senior (Individual Tax Returns -(Form 1040)
Mantras2success Consultants- Posted 3 hours ago
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Job Description
Job Description:
We are seeking an experienced US Tax Senior to handle end-to-end preparation and review of complex individual tax returns (Form 1040), including high-net-worth individuals, expatriates, and clients with foreign reporting requirements. The role involves technical review, mentoring juniors, and ensuring compliance with US tax laws and filing standards.
Key Responsibilities
1. Tax Preparation & Review
. Prepare and review complex Form 1040 returns including all supporting schedules
. Handle income types such as wages, self-employment, investments, rentals, K-1s, capital gains, stock compensation (RSU/ESOP), etc.
. Review returns prepared by junior staff for accuracy and completeness
2. Foreign Reporting & International Compliance
. Prepare and review:
o FBAR (FinCEN Form 114)
o Form 8938 (FATCA reporting)
o Form 1116 (Foreign Tax Credit)
o Form 2555 (Foreign Earned Income Exclusion)
o PFIC reporting (Form 8621)
o Form 5471 (Controlled Foreign Corporations)
o Form 8865 (Foreign Partnerships)
o Form 5472 (Foreign-owned US entities - individual involvement where applicable)
. Analyze foreign income, treaty positions, and cross-border tax implications
3. Technical Review & Research
. Perform detailed technical reviews ensuring compliance with IRS regulations
. Research complex tax issues including residency, sourcing rules, and foreign credits
. Apply tax treaty provisions where applicable
4. Client Coordination
. Communicate with clients for missing information and clarifications
. Provide basic advisory insights on tax positions and planning opportunities
5. Team Management
. Review and guide junior preparers
. Provide feedback and training to improve quality and efficiency
6. Compliance & Deadlines
. Ensure timely filing of returns, extensions, and estimates
. Maintain proper documentation and workpapers
Key Forms Covered
. Form 1040 and schedules (A, B, C, D, E, etc.)
. Forms 1116, 2555, 8938, 8621, 5471, 8865, 5472
. FBAR (FinCEN 114)
. State returns and multi-state filings
Qualifications
. CA / CPA / EA or equivalent
. 2-4+ years of US individual tax experience
. Strong knowledge of international tax reporting
More Info
Key Skills
Foreign credits
Form 1040
Form 8938 FATCA reporting
Form 5471 Controlled Foreign Corporations
FBAR FinCEN Form 114
Tax treaty provisions
Residency sourcing rules
Form 1116 Foreign Tax Credit
International tax reporting
Form 5472 Foreign-owned US entities
Form 8865 Foreign Partnerships
PFIC reporting Form 8621
Form 2555 Foreign Earned Income Exclusion
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