Tax Associate Job Description

Tax Associate Job Description

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Tax associate provides operational and technical accounting expertise to ensure compliance with GAAP, SAP, Company policies, rules, regulations and laws.

Tax Associate Duties & Responsibilities

To write an effective tax associate job description, begin by listing detailed duties, responsibilities and expectations. We have included tax associate job description templates that you can modify and use.

Sample responsibilities for this position include:

Research tax implications of complex financial transactions
Prepare memorandums and opinion letters for clients and colleagues summarizing results as it relates to international, federal, state and local tax law
Review of partnership economic and tax allocations using either the aggregate or layering methodologies
Review and validate IRS Forms W-8 and W-9 for accuracy and completeness
Liaise with client onboarding and front office staff with respect to follow up information required from payees and customers
Provide support to client onboarding and front office staff with respect to technical FATCA questions and analysis
Oversee client onboarding procedures to ensure compliance with FATCA regulations
Assist in developing and implementing FATCA policies and procedures
Build and maintain a comprehensive knowledge of all internal systems related to payees and customers
Prepare and coordinate the IRS Form 8966 and 1042 filings

Tax Associate Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Tax Associate

List any licenses or certifications required by the position: CPA, TDS, WHT

Education for Tax Associate

Typically a job would require a certain level of education.

Employers hiring for the tax associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Taxation, Business, Education, MBA, Law, Associates, Public Accounting, Economics

Skills for Tax Associate

Desired skills for tax associate include:

GAAP
Taxation compliance
Codes and regulations
Procedures and standards
Accounting principles
Codes and regulations and GAAS rules
Foreign tax credits
Selected specialty practice
Accounting Software Systems
Practices

Desired experience for tax associate includes:

The position may also have the opportunity to get involved in other international tax matters, such as the preparation of Forms 5471
Tax work for hedge fund, private equity fund and management companies
Tax work for Special Purpose Vehicles, blocker corporations and Lux entities
Computing book to tax adjustments and performing securities analysis
Compliance focus with opportunities to participate in tax planning
Preparing tax allocations and work paper for service providers

Tax Associate Examples

1

Tax Associate Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of tax associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for tax associate
  • Process data and convert it to a reviewable product
  • Work within a small team environment to deliver integrated family office services to clients
  • Maintain a personal commitment to continuing education
  • Review all US federal and state tax returns prior to filing with the IRS and state jurisdictions
  • Prepare quarterly estimated tax calculations and review US federal, state and city tax return information for the US management companies
  • Prepare tax information and respond to limited partner queries
  • Manage portfolio company advisors and tax functions to ensure portfolio holding company tax returns are filed on a timely basis
  • Organize the annual tax timetable and prepare tax information to ensure timely estimated payments for select portfolio companies, for management entity tax reporting and payments of tax liabilities
  • Monitor on-going correspondence and dealings with the IRS and state jurisdictions for all company entities
  • Coordinate with advisors and prepare tax memos on numerous ad hoc special projects
Qualifications for tax associate
  • Bachelors or Masters degree in Accounting, Finance or related field is required
  • 1 years of tax experience in a public accounting firm preferred
  • Internship experience in a public accounting firm strongly preferred
  • Review Federal and State tax estimates and returns that are prepared by administrator
  • Review complex tax allocations for private equity firms and hedge funds
  • Review ECI and FDAP withholding forms, maintain process for withholding throughout the year
2

Tax Associate Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of tax associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for tax associate
  • Accumulation of information needed to complete tax work, including interfacing with other areas of the firm
  • Supervising and training tax analysts
  • Assisting in tax provision work and preparation of tax footnotes
  • Handle the Sales and Use Tax process and issues
  • Prepare international US tax forms
  • Help train and support less experienced staff
  • Preparation and review of federal, state and local corporate income tax returns (separate, consolidated and combined)
  • Work on moderate to complex personal, S-Corporation, partnership and gift tax returns and issues
  • Prepare and review individual tax returns, quarterly and annual income tax projections, estimated tax vouchers, extension forms and all related work papers
  • Oversee the filing of all tax forms and related disbursements with tax authorities
Qualifications for tax associate
  • Basic knowledge of the property and Provincial tax requirement/regulations across Canada (going forward)
  • In-depth Accounting knowledge with an emphasis on bank accounting
  • US and Canadian tax knowledge and experience with an emphasis on taxation of lease products
  • Well-formed ability to read and interpret tax law
  • Must have Bachelor’s degree in Accounting, Finance, or related field
  • Previous knowledge of Federal and State tax laws preferred
3

Tax Associate Job Description

Job Description Example
Our company is growing rapidly and is hiring for a tax associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for tax associate
  • Assisting on a wide array of tax issues and documentation related to M&A
  • Participating in federal, state and local, and international special projects
  • Assisting in preparation for tax examinations in various jurisdictions
  • Providing guidance on proposed state tax legislation
  • Participate on federal tax projects involving items such as accounting methods
  • Identify opportunities for process improvements and the integration of technology into tax reporting functions
  • Frequently interacting with employees throughout the organization including Treasury, Accounting, Finance, Legal, and operations
  • Prepare and sometimes review individual tax returns, quarterly and annual income tax projections, estimated tax vouchers, extension forms and all related work papers
  • Track the status of assignments and
  • Assist and participate in the research of pertinent tax issues
Qualifications for tax associate
  • 3-5 years of experience in a public accounting or professional services firm Candidates should have an active
  • CPA or be eligible to sit for the CPA exam
  • Candidates should have an active CPA or be eligible to sit for the CPA exam
  • Bachelor’s or Master's degree in Accounting, with a required minimum of 1-2 years of public accounting experience
  • Experience working with exempt organizations is a plus
  • Knowledge of ProSystem Tax is a plus
4

Tax Associate Job Description

Job Description Example
Our company is hiring for a tax associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for tax associate
  • Assist in creating and maintaining work papers related to taxable income and partner allocations
  • Review tax work papers prepared by fund administrator and tax preparers
  • Assist in yearly internal tax planning and estimate procedures
  • Assist in monthly ASC 740 Tax Provision
  • Assist with ad-hoc projects from Investment, Trading, and Investor Relations teams
  • Managing and tracking tax returns
  • Managing and tracking payments that are being sent out
  • Calling the IRS, as needed
  • Tracking new EIN #'s that are being created
  • Evaluate ASC 740-10 (FIN 48) uncertain tax positions
Qualifications for tax associate
  • Experience with ProSystem fx application a plus
  • Experience with a national or large regional accounting firm a plus
  • Minimum of 5 years of relevant tax experience
  • Experience filing IRS Form 990, 990-T or comparable forms
  • Minimum 1 year of experience in Public Accounting
  • Bachelor's or master's degree in accounting, with a minimum 3.0 GPA (overall and in accounting)
5

Tax Associate Job Description

Job Description Example
Our company is looking to fill the role of tax associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax associate
  • Assist with federal, state and local tax compliance for partnerships, REITs, and corporate entities
  • Maintain tax compliance tracker, monitor tax payments and refunds and prepare miscellaneous regulatory filings
  • Maintain fixed assets depreciation software and prepare quarterly fixed assets reconciliations
  • Prepare and assist with foreign and domestic residency certificate filings
  • Prepare tax provisions for our taxable REIT subsidiaries in accordance with ASC 740 (FAS 109)
  • Maintain tax account roll forward, identify and calculating book/tax differences
  • Assist with the preparation of tax memo on new transactions
  • Assist with REIT quarterly and annual asset and income tests
  • Prepare communications to various tax agencies in response to inquires
  • Support clients in analyzing the tax implications of working internationally and filing income tax returns in multiple jurisdictions, including preparation of Federal and State(s) individual income tax returns
Qualifications for tax associate
  • Assist clients to determine the compensation packages that should be provided to executives working on an international assignment, and assist with setting up and supporting their global payroll process including determining what amounts should be provided to executives in multiple locations while ensuring compliance with the applicable countries laws
  • Preparing Form 1065, tax packages and work papers, such as taxable income, book to tax difference, and other special allocation schedules for complex investment partnership with 100+ partners
  • Act as a backup to the Tax Specialist when required
  • 1+ years of tax experience, RIC tax experience a plus
  • Regular communication with India and US stakeholders on Project deliverables
  • Plan workflow and Resource management on daily basis

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