Staff II

Withum; Ahmedabad; On-site; INR 600,000 - 900,000; Full time

Job summary

Withum is seeking a qualified analyst in India to support US partnership tax engagements. You will prepare Form 1065 returns for real estate and operating partnerships, perform book-to-tax adjustments, and assist with depreciation calculations and reconciliations.

The role emphasizes accuracy, timely delivery, and collaboration with reviewers. Strong communication and drafting skills are essential for success.

Qualifications

• Commerce Graduate or Postgraduate with deep knowledge of US tax concepts.
• Minimum 2+ years of experience in US Partnership Taxation.
• Strong written and verbal communication and drafting skills.
• Ability to work independently and as part of a team.

Responsibilities

• Prepare Form 1065 partnership returns for real estate and operating partnerships.
• Understand temporary and permanent adjustments.
• Understand favorable and unfavorable adjustments.
• Book-to-tax adjustments and prepaids.
• Work on book-to-tax reconciliation (Sch M-1) and depreciation (Form 4562).
• Reference Sec 179, 168(k) bonus depreciation and MACRS details.
• Gain/loss concepts (Sec 1245, 1231, 1250, 291).
• Self-review of work before reviewer sign-off.
• Document open items and update reviewer on status.

Skills

Communication skills

Drafting skills

Team player

Time management

Education

Commerce Graduate or Postgraduate

Job description

Withum is a place where talent thrives - where who you are matters. It’s a place of endless opportunitiesfor growth. A place where entrepreneurial energy plus inclusive teamwork equals exponential results.Withum empowers clients and our professional staff with innovative tools and solutions to address their accounting, tax and overall business management and operational needs. As a US nationally ranked Top 25 firm, we recruit only the best and brightest people with a genuine passion for the business.Withum’s Tax Services Group is made up of a brilliant team of tax specialists that work to ensure tax reporting obligations are met in an accurate and timely manner and minimize or defer the payment of taxes. Their comprehensive understanding of international, US federal, state, and local regulations, counting our affiliation with HLB international, allows them to help develop economical tax strategies anywhere. Their services include Business, Individual, State & Local tax, R&D Tax Credit, as well as International and Private Client services.

Withum’s brand is a reflection of our people, our culture and our strength. Withum has become

synonymous with teamwork and client service excellence. The cornerstone of our success can truly be accredited to the dedicated professionals who work here every day, easy to work with a sense of purpose and caring for their co-workers and whose mission is to help our clients grow and thrive. But our commitment goes beyond our clients as we continue to live the Withum Way, promoting personal and professional growth for all team members, clients, and surrounding communities.

How You’ll Spend Your Time:

• Preparation of form 1065-Partnership returns for both Real estate and operating partnership federal & state jurisdictions returns.
• Basic understanding of Temporary and permanent adjustments.
• Basic understanding of favorable and unfavorable adjustments.
• Book to tax adjustment for accruals and prepaids.
• Work on book to tax reconciliation (Sch M-1), depreciation computation (Form 4562) & supporting documents with adequate referencing (e.g. Applicability of Sec 179, 168(k) bonus depreciation and Regular MACRS depreciation.
• Working level experience on Gains and losses (Sec 1245, 1231, 1250 and 291)
• Amortization – Tax concept, applicability and eligible assets.
• Basic understanding of guarantee payment tax treatment.
• Reference IRC codes & preliminary source for any new book to tax differences identified in supporting workpapers.
• Basic understanding of State tax returns, e.g. common state adjustments, Allocation and Apportionment (A&A).
• Ability to differentiate between Allocation of income and Apportionment of income.
• Factors associated with A&A.
• Special allocations V/S default ratio allocations.
• Clear understanding of partners tax capital accounts.
• Ability to perform proper self-review of work before moving the task for review.
• Document open items and share updates with reviewer in completing tax returns within set deadlines.
• Ability to work on multiple projects simultaneously and correspondence with aligned reviewer on status.
• Knowledge of efile validation and diagnostics of returns and connect Go support for efile diagnostics clearing.
• Hands on experience on tools and applications.
• Basic understanding of CARES Act and its implication and application

Requirements:

• Qualification: Commerce Graduate/Postgraduate
• Experience: 2+ years in US Partnership Taxation.
• The candidate should possess good communication and drafting skills with a work-based demonstrated affinity in pursuing a career in customs matters.
• The candidate should demonstrate integrity and energy and possess independent working ability and have a collaborative mindset.
• Active communicator and a great team player
• Ability to plan, prioritize, and organize work effectively
• Ability to balance many projects simultaneously
• Ability to work under pressure and time deadlines
• Ability to work independently
• Ability to be flexible with scheduling to meet workflow demands
• Ability to present a professional appearance and demeanor
• Ability to maintain client confidentiality, personal objectivity, and professional skepticism.