Tax Manager – US Real Estate Partnerships

BruntWork; Argentina; Remote; ARS 247,265,000 - 355,443,000; Full time

Benefits offered by this job

Permanent work from home

Health Insurance Coverage for eligible

Immediate hiring

Job summary

BruntWork's US private equity real estate client is seeking a Tax Manager – US Real Estate Partnerships to oversee tax compliance and reporting for a large portfolio. You will review approximately 70 partnership returns prepared by an outside CPA and prepare ~10 upper-tier Form 1065 returns in-house, ensuring accuracy across complex mechanics.

You will lead year-round tax operations, coordinate with US leadership, and manage multi-state filing, UBTI/ECI, FIRPTA, and 1031 tracking, while

Qualifications

• 7+ years of experience in US partnership taxation with real estate focus.
• Strong review experience and ability to sign off on complex partnership returns.
• Experience with 704(b), 704(c), 752, 743(b), 754, 163(j).
• Experience with multi-state K-1 reporting and investor reporting.

Responsibilities

• Review outside firm returns for ~70 partnerships and provide technical sign-off.
• Oversee 704(b)/(c) allocations and ensure tie-outs to LPA waterfalls.
• Audit 752 debt allocations across recourse and nonrecourse debt.
• Verify 743(b) step-ups and 754 elections in mid-year transfers.
• Review depreciation, cost seg, 163(j) limits, and interest capitalization.
• Oversee investor reporting, UBTI for tax-exempt partners and FIRPTA for foreign partners.
• Prepare ~10 upper-tier 1065 returns in-house and manage lower-tier K-1 flow.
• Coordinate multi-state filing, composite and withholding footprints.

Skills

US partnership taxation

Real estate partnerships

704(b)/704(c) allocations

Section 752 allocations

Section 754 elections

US GAAP/Tax reporting

English communication

Education

US CPA or EA credential

CA or international certification

Job description

Our client, a US private equity real estate firm, is seeking an experienced Tax Manager – US Real Estate Partnerships to oversee partnership tax compliance and reporting for a private equity real estate portfolio. In this full-time role reporting directly to the CFO, you will review approximately 70 partnership tax returns prepared by an outside CPA firm and prepare roughly 10 upper-tier Form 1065 returns in-house. You will handle complex partnership mechanics, including 704(b)/(c) allocations, 752 debt allocations, 754 elections, and multi-state K-1 investor reporting. Additionally, you will manage compliance calendars, tax distributions, and transaction support outside peak filing seasons.

Schedule

Monday - Friday, 8:00 AM - 5:00 PM EST, with 1 hour unpaid break (40 work hours per week)

Responsibilities

• Reviewing Outside Firm Returns (~70 Partnerships): Serve as the primary technical review layer between the outside CPA firm and the CFO, escalating only genuinely complex issues.
• Review Section 704(b) and 704(c) allocations to ensure tie‑outs to LPA waterfalls, proper application of targeted capital mechanics, and accurate tracking of built‑in gain layers.
• Audit Section 752 debt allocations across recourse, nonrecourse, and qualified nonrecourse debt, including the impact of partner guarantees on tax basis.
• Verify Section 743(b) step‑ups and Section 754 elections, reflecting mid‑year transfers of LP interests accurately.
• Review depreciation and cost segregation schedules, bonus depreciation, Section 163(j) limitations, and interest capitalization elections.
• Oversee investor‑side reporting, including UBTI for tax‑exempt partners, ECI and FIRPTA for foreign partners, state K‑1 footprints, and composite/nonresident withholding.
• Draft authoritative review comments, deliver them to the outside accounting firm, and manage issues through to resolution.
• Preparing In‑House Returns (~10 Upper‑Tier 1065s): Prepare and file returns for upper‑tier partnerships receiving lower‑tier K‑1s.
• Build workflows to handle lower‑tier K‑1s arriving close to extended filing deadlines.
• Manage multi‑state filing, composite, and withholding footprints resulting from state‑sourced income flowing from lower tiers.
• Ensure flow‑through items (Section 163(j), Section 1061, UBTI, Section 704(c)) retain their proper tax character.
• Maintain partner capital accounts and accurate tax basis reporting.
• Supervise extensions, estimated payments, and compliance calendars across all internal entities.
• Year‑Round Strategic Tax Operations: Manage outside CPA firm engagements, standardizing PBC packages, delivering clean trial‑balance‑to‑tax workpapers, and controlling scope and fees.
• Oversee tax notices, annual reports, franchise tax filings, registrations, and entity housekeeping across 80+ entities.
• Calculate partnership tax distributions against LPA provisions and monitor quarterly estimates.
• Provide investor tax support, including responding to LP K‑1 inquiries, preparing UBTI/ECI estimates, administering FIRPTA withholding, and managing W‑8/W‑9 collections.
• Deliver transaction and deal support, including purchase price allocations, cost segregation coordination, 1031 exchange tracking, and structuring input for acquisitions and dispositions.
• Coordinate portfolio‑wide property tax assessment tracking and appeals.

Requirements

• 7+ years of experience in US partnership taxation, with a dedicated focus on real estate or real assets.
• Substantial return review experience with a proven track record of identifying technical discrepancies and signing off on complex partnership returns.
• Deep technical command of Sections 704(b), 704(c), 752, 743(b), 754, 163(j), and tiered partnership structures.
• High confidence in challenging outside advisers and writing clear, actionable review notes.
• Exceptional written and verbal English communication skills suitable for direct collaboration with executive leadership and US partners.
• Ability to maintain necessary working hour overlap with US leadership during compliance windows.

Qualifications

• Active US CPA or Enrolled Agent (EA) credential preferred.
• Recognized accounting credential (such as CA or equivalent international certification).
• Experience with Big 4 or national public accounting firms.
• Exposure to REIT testing, blocker structures, or fund-of-funds reporting.
• Experience with Opportunity Zones or Section 1031 exchanges.
• Familiarity with professional tax compliance software and fixed asset management systems.
• Familiarity with state, local, or property tax administration.
• Permanent work from home
• Immediate hiring
• Health Insurance Coverage for eligible locations