Job Summary:
Under general supervision, uses specialized knowledge and skills in tax accounting and preparation obtained through education and experience to conduct research and ensure compliance with Internal Revenue Service (IRS) and state rules and regulations. Researches tax ramifications of various financial transactions and assists with internal and external audit requests. Researches and implements process improvement software and/or procedures. Expected to have extensive contact with internal and external customers.
Essential Duties and Responsibilities:
- Reviews partnership returns and corresponds with CPA’s on requested corrections.
- Researches and implements applicable IRS and state regulations and interpretations.
- Researches tax ramifications of moderately complex transactions.
- Conducts research and ensures compliance with IRS and state regulations.
- Prepares and reviews work papers, calculations, and forms with respect to Federal and state tax compliance.
- Reviews Federal and state income tax returns, including consolidated/combined returns.
- Reviews and analyzes state apportionment and allocation work papers.
- Reviews annual tax return extensions and quarterly estimated payment calculations.
- Responds to notices from Federal, state, and local jurisdictions.
- Responsible for making moderately complex decisions.
- Has regular contact with internal and external clients and/or CPA’s.
- Updates prior year tax work papers.
- Utilize tax software to assist in completion of state K-1’s and tax trial balances.
- Research issues with property level tax returns.
- Leads projects of significant scope and complexity.
- Performs other duties and responsibilities as assigned.
Qualifications:
Knowledge, Skills, and Abilities:
Knowledge of:
- Tax accounting and reporting concepts, practices, and procedures.
- FASB 109 (ASC 740) and FIN 48 (ASC 740-10) regulations
- Federal and state tax return filing requirements and methodologies.
- State apportionment and sourcing concepts.
- Utilization of the UltraTax Tax Software or comparable platform.
- Partnership Taxation and Form 1065
- Legal ownership structures, operating agreements and partnership agreements
Skill in:
- Tax compliance, tax management and planning.
- Researching and interpreting Federal and state tax requirements.
- Preparing for tax audits.
- Communicating tax rules and regulations to others.
- Reviewing and interpreting financial statements.
- Gathering, compiling, and analyzing large amounts of complex data.
- Operating standard office equipment and using required software applications to produce correspondence, electronic communication and maintain spreadsheets and databases.
Ability to:
- Read, comprehend, and apply complex IRS and state rules, regulations, and requirements.
- Identify and resolve tax issues.
- Identify, recommend, and implement process improvements.
- Resolving unusual transaction and accounting discrepancies.
- Preparing financial reports, tax returns and management reports.
- Demonstrate efficiency and flexibility in performing detailed transactional tasks in a fast-paced work environment with frequent interruptions, changing priorities, and deadlines.
- Partner with other functional areas to accomplish objectives.
- Communicate effectively, both orally and in writing, with all organizational levels.
- Establish and maintain effective working relationships.
- Provide a high level of customer service to internal and external clients.
Educational/Previous Experience Recommendations:
Minimum of two (2) years’ experience in preparing and analyzing tax information
Bachelor’s Degree in Accounting or Finance required.
OR ~
Any equivalent combination of experience, education, and/or training approved by Human Resources.
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcome
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
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