About this role
- o Logical data analysis to understand trends o Preparing federal and state workpapers for tax returns and extensions with the primary data provided by client
- Preparation of withholding returns - Monthly, Quarterly / Annually using LT tax and TAx port software’s o Preparation of federal, state and local tax returns including extensions for US based Partnerships, Corporations, and o Process flows, Documentation and preparation of SOPs o Ability to support Internal and external tax audits o Ability to generate and pull specific reports from workday & upload Journals into workday o Knowledge of Tax payments and State Notice management, E filings of returns via OPTins o Preparation of Monthly/Quarterly/Annual Balancing of various TPAs o Preparation of Daily Deposits for Withholding Tax Liabilities.
Essential Functions
- Prepare Withholding & SUT Tax Returns, support the team members in query resolution.
- Preparation of withholding returns - Monthly, Quarterly / Annually using LT tax and TAx port software’s
- Preparation of Daily Deposits for Withholding Tax Liabilities.
- Preparation of Monthly/Quarterly/Annual Balancing of various TPAs
- Preparation of annual premium tax returns, estimates and other miscellaneous filings for US based entities.
- Performing a review of filings prepared by other team members for accuracy, completeness and technical proficiency.
- E filings of returns via OPTins and making the required payment to the state authority.
- Performing transaction testing for five different types of transactions – New Business, Renewal, Reinstatement,
- Cancellation and Endorsement, while using required applications.
- Preparing federal and state workpapers for tax returns and extensions with the primary data provided by client.
- Preparation of federal, state and local tax returns including extensions for US based Partnerships, Corporations, and S. Corporation using software's like Go System, OneSource etc.
- Creating e-file XMLs of returns on platforms/software/applications approved by Internal Revenue Services (IRS).
- Work on client’s portfolio to ascertain PFIC determination and various taxable impacts.
- Perform Research on the open items and resolve them in timely manner.
- Assist team to prepare internal reports, provide support in Audits and report deficiencies to offshore team.
- Provide support to onshore team with tax audits as they arise
- Co-ordinate within the team for training, resolving complex issues, seeking advice etc.
- Provide support in preparation of MBR/QBR’s.
Must be a graduate with at least 15 years of formal education in any stream with relevant experience in the technical areas listed on this JD.
B.Com / M.Com / MBA / Bachelor’s Degree in Finance or Accounting is required. Indirect tax experience is necessary.