Senior Financial Tax Specialist

Welcome to Withum, a leading accounting firm that empowers clients with innovative solutions. As a US nationally ranked Top 25 firm, we attract the best talent and foster an inclusive environment where professionals thrive.

Our Tax Services Group is comprised of highly skilled tax specialists who provide comprehensive services to ensure accurate and timely tax reporting. Their expertise in international, US federal, state, and local regulations allows them to develop economical tax strategies worldwide. Our team offers Business, Individual, State & Local tax, R&D Tax Credit, as well as International and Private Client services.

As a Senior Financial Tax Specialist in our Withum India office, you will collaborate with the US Tax Services Group on various tax engagements. Reporting to the Tax Managers and Seniors in the Withum India office, you will contribute to the success of our clients by providing expert financial tax guidance.
Key Responsibilities:
• Preparation of form 1065-Partnership returns for both Real estate and operating partnership federal & state jurisdictions returns.
• A minimum of 1 to 4 years of post-qualification hands-on experience in U.S accounting firms.
• Broad understanding of Temporary and permanent adjustments.
• Basis knowledge 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 17+, 168(k) bonus depreciation and Regular MACRS depreciation.
• Working level experience on Gains and losses (Sec 1245, 1231, 1250 and 2+1).
• Amortization – Tax concept, applicability and eligible assets.
• Broad understanding of guaranteed payment tax treatment.
• Reference IRC codes & preliminary source for any new book to tax differences identified in supporting workpapers.
• Basis 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.
• Clear 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.
• Basis understanding of CARES Act and its implication and application.

India
Karnataka
Bangalore Show on map Get directions