US Tax Preparer

SourceIN; Mumbai; On-site; INR 600,000 - 1,200,000; Full time

Job summary

SourceIN is seeking a tax professional to prepare US federal and state income tax returns, including Forms 1040, 1065, 1120, 1120-S, 1041 and 990. You will also assist with individual and corporate tax compliance and reporting from Mumbai. The role requires strong analytical skills and attention to detail.

Proficiency in Excel and accounting software, and experience with US-based clients or CPA firms, are preferred. CPA/EA certification is an advantage.

Qualifications

• Bachelor's degree in Accounting/Finance/Commerce or related field.
• CPA/EA certification is advantageous.
• Experience with US-based clients or CPA firms is preferred.
• Proficiency in Excel and accounting software required.
• Strong analytical, communication, and problem-solving abilities.

Responsibilities

• Prepare US federal and state tax returns (Forms 1040, 1065, 1120, 1120-S, 1041, 990).
• Assist with individual and corporate tax compliance and reporting.
• Prepare tax schedules, workpapers, and reconciliations.
• Analyze financial statements and GL accounts for tax reporting.
• Ensure compliance with IRS regulations and state tax laws.
• Research tax issues and identify tax-saving opportunities.
• Prepare extensions, estimated tax payments, and amended returns when required.
• Maintain documentation and meet deadlines.
• Coordinate with clients and internal accounting teams to collect information.
• Stay updated on US tax legislation and regulatory changes.

Skills

Analytical skills

Communication skills

Problem solving

Attention to detail

Deadline management

Education

Bachelor's degree in Accounting/Finance/Commerce

CPA/EA certification (advantage)

Tools

Microsoft Excel

CCH Axcess suite

Lacerte

ProSystem FX Engagement

Karbon

QuickBooks (QBO/QBD)

Xero

Job description

• Prepare US federal and state income tax returns, including Forms 1040, 1065, 1120, 1120-S, 1041 and 990.
• Assist with individual and corporate tax compliance and reporting.
• Prepare supporting tax schedules, workpapers, and reconciliations.
• Analyze financial statements, trial balances, and general ledger accounts for tax reporting purposes.
• Ensure compliance with IRS regulations and applicable state tax laws.
• Research tax issues and assist in identifying tax-saving opportunities.
• Prepare tax extensions, estimated tax payments, and amended tax returns when required.
• Maintain accurate documentation and ensure deadlines are met.
• Coordinate with clients, and internal accounting teams to collect required financial information.
• Stay updated on changes in US tax legislation and regulatory requirements.
• US accounting / yearend financial statement knowledge.

Required Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, or a related field.
• Proficiency in Microsoft Excel and accounting software.
• Strong analytical, communication, and problem-solving skills.
• Excellent attention to detail and ability to manage multiple deadlines.
• CPA, Enrolled Agent (EA), or other relevant professional certification is an advantage.
• Experience working with US-based clients or CPA firms.

Software knowledge required

Experience with tax software such as CCH Axcess suite (CCH workflow/ XCM, CCH Axcess, CCH timesheet, CCH file, CCH Engagement), Lacerte, CCH ProSystem FX Engagement, Karbon.

• Knowledge of QuickBooks (QBO & QBD), Xero and US accounting practices.