Tax Information Reporting Job Description

Tax Information Reporting Job Description

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Tax information reporting provides assistance with responses to US tax documentation, information reporting, withholding tax, and operational tax queries (including FATCA) from non-US HSBC entities.

Tax Information Reporting Duties & Responsibilities

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

Sample responsibilities for this position include:

Work with other regions on FATCA / CRS obligations and oversee the filing requirements for the Americas region
Provide project or business analysis support as necessary on other projects
Review, analyze and interpret new IRW rules
Monitor and identify new products/transactions and ensure that LoB has an
Identify and assess the tax impact of emerging legislation on the company and coordinate with Advisory team and business divisions on such legislation
Identify tax withholding and deposit requirements
Review current systems and procedures to determine needs
Provide training to business and operations divisions on information reporting and withholding
Assist in the implementation of operational support systems for forms administration
Respond to requests from other jurisdictions relating to certification from the IRS but also make requests to foreign jurisdictions to sufficient standard for the US filing purposes

Tax Information Reporting Qualifications

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

Licensing or Certifications for Tax Information Reporting

List any licenses or certifications required by the position: CPA, PMP, CFA, CFO, FATCA

Education for Tax Information Reporting

Typically a job would require a certain level of education.

Employers hiring for the tax information reporting 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, Law, Economics, Business, Graduate, MBA, Education, Business/Administration, Computer

Skills for Tax Information Reporting

Desired skills for tax information reporting include:

Financial products
Investment banking products
Business units and support functions by:
CSR
FATCA
FATCA and tax information reporting
Non-tax regulatory issues applicable to businesses
1042 and 1099
Activities and transactions

Desired experience for tax information reporting includes:

Lead effort to comply with BEPS (International) reporting requirements, new for 2017
Responsible for Tax Research, Advisory and Consulting
Lead research and decision making around complex tax technical issues
Advise leadership in LOBs on tax related matters, help resolve technical issues, and support system and process developments that impact TIRW and Product Tax
Engage and interact with outside consultants, industry experts and legal resources as needed
Responsible for Tax Risk Management and Compliance/Regulatory Controls

Tax Information Reporting Examples

1

Tax Information Reporting Job Description

Job Description Example
Our growing company is looking to fill the role of tax information reporting. 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 information reporting
  • Maintain appropriate compliance documentation from relevant customers and account holders
  • Oversee monthly and annual reporting and reconciliation of accounting and filing WHT balances
  • Reconciliation of non-payroll tax withholding deposits for transmission to the Internal Revenue Service, or applicable state tax authority
  • Validation of the monthly proforma returns submitted by business units and shared service centers which summarize year to date non-payroll tax liabilities and deposits
  • Preparation of year-end tax returns (Forms 945, 1042 and state returns)
  • Communication with business units and management verbally and in writing
  • Assist with annual information reporting compliance data gathering, file preparations and
  • Assist with annual information reporting compliance data gathering, file preparations and uploads to ensure timely distribution of forms, including but not limited to Forms 1099-C,1099-K, 1099-MISC, 1099-OID and 1042-S
  • Assist and ensure timely annual information reporting compliance filings, including but not limited to Forms 945, 1042 and 8966
  • Assist with the new annual BTTPS reporting in Australia to the ATO and ensure timely compliance
Qualifications for tax information reporting
  • Strong problem solving and analytical skills (be able to handle assigned projects and resolve issues)
  • Support the Tax and the Finance teams with respect to the Tax Information Reporting and Withholding (TIRW) and Product Tax (PT)
  • Manage enterprise tax filings and overall TIRW and PT compliance, coordinating with external regulators and service providers as needed
  • Identify tax-related TIRW and PT risks with follow-on risk mitigation effort recommendations
  • Manage third-party tax advisors
  • Develop tax reporting positions and communicate to the Vice President, Tax, other Tax Executives, business partners, senior management and outside auditors
2

Tax Information Reporting Job Description

Job Description Example
Our innovative and growing company is looking for a tax information reporting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for tax information reporting
  • Assist with detailed reviews of reporting data to correct for obvious errors and identify missing tax identification numbers
  • Ensure distribution of mailed tax forms are timely postmarked
  • Respond, in a timely fashion, to Support inquiries from customers as they relate to tax information reporting and guide cross-functional teams to resolution
  • Collaborate with Customer Engagement, Account Management, Sales, Communications, and Support teams on regular customer communications and drive campaigns with customers to update accurate tax information
  • Spot trends of tax reporting issues and propose solutions to solve for related pain points amongst our customers
  • Help ensure customer data in OneSource is correct and ensure proper maintenance of such data
  • Assist with ad hoc requests and projects as necessary
  • Assist with annual information reporting compliance data gathering, file preparations and uploads to ensure timely distribution of forms, including but not limited to Forms 1099-B, 1099-C, 1099-K, 1099-MISC, 1099-OID and 1042-S
  • Work with Customer Engagement, Account Management, Sales, Communications, and Support teams on regular customer communications and drive campaigns with customers to update accurate tax information
  • Compiles customer data for federal and state tax reporting
Qualifications for tax information reporting
  • Build/maintain relationships with the company's Finance and operating teams and ensure effective communication on tax, finance and business issues
  • Involvement with the company's tax accounting and reporting processes for the timely preparation of regulatory financial statement filings
  • Public accounting experience at job levels including responsibility for developing and maintaining client relationships
  • Strong tax technical competency with complex partnership, REIT, and corporate transactions and tax reporting
  • Proven ability to lead client tax advisory services including facilitation of external service providers
  • Ability to impart tax knowledge to executive officers and independent auditors, business leaders, peers and subordinates
3

Tax Information Reporting Job Description

Job Description Example
Our innovative and growing company is looking for a tax information reporting. 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 information reporting
  • Reviews customer and/or vendor tax certification documents
  • Ability to research, understand and apply IRS instructions, publications and regulations
  • U.S. Tax Form review and validation
  • Assist OBU with managing client issues and dispute resolution
  • Supervise annual information reporting process
  • Advise and provide general direction and guidance with respect to the cost basis implementation project and ongoing cost basis issues
  • Provide guidance and direction to OPER, accounts payable, and client services for annual information reporting for vendor payments, futures, single stock futures, listed option, equity, fixed income, and OTC transactions
  • Lead and collaborate with OBU, Business Data, Back Office Operations departments to conduct the annual client static data information including TIN/GIIN check
  • Review the tax forms to ensure that proper withholding is performed at the appropriate tax rates and monitoring the list of withholding clients (analysis of treaty provisions, apply appropriate exceptions)
  • B Notice remediation
Qualifications for tax information reporting
  • Prior management experience leading teams in a large company environment
  • Demonstrated ability to manage multiple priorities in a fast-paced setting
  • Research and respond to internal day-to-day questions (e.g., questions regarding
  • Prepare and present training and user tools when appropriate
  • Provide guidance to the LoB on year-end tax reporting (Form 1099, Form 1042, 1042S)
  • Ability to build positive relationships with the LoB and IRW team members, but also have the capacity to work independently
4

Tax Information Reporting Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of tax information reporting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax information reporting
  • Supervise Bangalore support personnel working on information reporting/withholding matters
  • Expected to work in all phases of projects including analysis, development, documentation and execution
  • Evaluating US withholding and information reporting obligations presented by proposed business transactions, presenting concise assessment to business and tax teams
  • Work with the DB Tax Controversy group on withholding tax audit issues
  • Work as a business partner and interface with members of business units and their financial staff
  • Represent DB at industry meetings and before the IRS on select matters
  • Prepare and submit comments to US Treasury and IRS on select matters
  • Work with Operations, technology, and middle office teams in all global regions insuring US withholding and information reporting obligations are clearly understood and properly implemented
  • Analyze the taxation of corporate action events on publicly traded securities
  • Interface and manage external tax resources
Qualifications for tax information reporting
  • Ability to work extended hours during high season of January-April
  • Proficiency with Microsoft Office (Word, Excel, Access, Outlook)
  • At least one year of professional experience (a portion in tax reporting would be a plus)
  • Minimum 5 years Financial Services industry experience, preferably tax information reporting and operations related in banking and brokerage
  • 6+ years of Tax experience in the Financial Services industry
  • Previous experience with Tax Controversy and Foreign Account Tax Compliance Act (FACTA)
5

Tax Information Reporting Job Description

Job Description Example
Our growing company is looking to fill the role of tax information reporting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax information reporting
  • Processes tax returns for submission to state and local tax jurisdictions (this involves obtaining checks, obtaining signatures on returns, and mailing returns in compliance with statutory deadlines)
  • Prepares tax allocation/settlement schedules and journal entries for estimated tax payments, audit settlements, tax returns
  • Assists with the tax account reconciliation process
  • Reviews customer and/or vendor tax certification documents for validity
  • Reconciles and remits daily tax payments to federal and state authorities
  • Develop tax technical global policy and guidance on behalf of the U.S. Branch, Private Bank, Broker Dealer and subsidiaries, including Qualified Intermediaries, to assist with implementing and complying with the documentation, withholding tax and information reporting requirements consistent with the U.S. Internal Revenue Code (including but not limited to Ch
  • Ensure the above policy and guidance is maintained by conducting periodic reviews of the U.S. and Canada tax operations teams and processes regarding U.S. information reporting and withholding tax
  • Ensure the above policy and guidance is maintained for non-U.S. entities, branches and subsidiaries, including Qualified Intermediaries, by liaising with global Compliance teams to provide lead tax technical advisory and strategy
  • Assist global legal teams and business units with U.S. information reporting and withholding tax advisory as it pertains to global trading agreements
  • Update the global organization on information withholding and reporting tax law changes impacting businesses and participate in industry associations regarding such topics
Qualifications for tax information reporting
  • Previous experience with Tax Information Reporting and Operations related in Banking and Brokerage
  • Superb attention to detail and follow-through – including the ability to take the detailed data
  • Dedication to the improvement of your skills and work product – including through
  • 5+ years – Big 4 public accounting firm experience a huge plus
  • Direct working experience in informational tax reporting – in financial services (bank, brokerage, payment processing) would be a plus
  • Superb attention to detail and follow-through – including the ability to take the detailed data provided to form a coherent and correct tax picture

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