US TAX - INDIVIDUAL & BUSINESS TAX SPECIALIST

Are you an experienced US Tax Specialist seeking a challenging role in individual and business taxation? SourceInsol is actively looking for a skilled US Tax Professional to join our dynamic team in Ahmedabad or Mumbai. This is an exceptional opportunity for a dedicated US Tax Specialist to leverage their expertise in a growth-oriented environment, contributing significantly to our clients' financial success.

We are seeking a highly motivated professional with a strong background in US Federal and State taxation, particularly adept at handling complex individual and business tax returns. As a key member of our team, you will be instrumental in ensuring compliance, providing expert guidance, and reviewing the work of junior colleagues, further solidifying your position as a leading US Tax Specialist.

Key Responsibilities

• Prepare and meticulously review a wide array of US tax returns including Form 1040 (Individual), Form 1065 (Partnership), Form 1120 (Corporate), and Form 1120S (S-Corporation).
• Expertly manage and analyze various components of tax returns, such as W-2 income, self-employment income, investment portfolios, rental properties, K-1s, capital gains, and stock compensation.
• Prepare and review critical international reporting forms including FBAR, Form 8938, Form 1116, Form 2555, Form 8621, Form 5471, Form 5472, Form 8865, Form 8858, and Form 1118.
• Handle intricate partnership tax matters, including basis calculations, capital accounts, and book-tax differences, applying advanced concepts like 704(b), 704(c), 754, 743(b), and 734(b).
• Address complex international tax issues, foreign income reporting, treaty positions, and cross-border taxation, ensuring global compliance.
• Conduct thorough reviews of federal and state returns, manage multi-state filings, and accurately prepare K-1 reporting.
• Undertake technical tax research, interpret tax laws and regulations, and ensure strict adherence to IRS compliance standards.
• Effectively coordinate with clients to gather necessary information, provide clear guidance on tax positions, and maintain strong client relationships.
• Provide mentorship and guidance to junior tax preparers, reviewing their work and fostering their professional development within the tax domain.

Requirements

• A minimum of 2 to 4+ years of dedicated, hands-on experience in US Individual and Business Taxation.
• Profound knowledge and understanding of US Federal and State Taxation laws and regulations.
• Demonstrated exposure and practical experience in International Tax and Foreign Reporting requirements.
• Possession of a CA (Chartered Accountant), CPA (Certified Public Accountant), EA (Enrolled Agent), or an equivalent professional qualification is highly preferred.
• Exceptional analytical skills with a meticulous attention to detail and accuracy.
• Ability to thrive in a fast-paced environment and manage multiple priorities effectively.

What We Offer

• An opportunity to work with a growing firm at the forefront of US taxation, gaining exposure to complex and diverse client portfolios.
• A collaborative and supportive work environment that fosters continuous learning and professional growth.
• Mentorship opportunities and a clear path for career advancement within our expert tax team.
• The chance to make a significant impact by leveraging your expertise to solve challenging tax scenarios for a diverse client base.