US Tax Preparer

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

Job summary

SourceIN in Mumbai is seeking a US tax professional to handle federal and state returns and related compliance. The role requires preparing forms such as 1040, 1065, 1120, 1120-S, 1041 and 990, while coordinating with clients and internal teams.

The ideal candidate will have a Bachelor's in Accounting/Finance/Commerce and, ideally, CPA/EA certification, with hands-on experience with US-based clients or CPA firms.

Qualifications

• Bachelor's degree in Accounting, Finance or Commerce.
• CPA/EA certification is an advantage.
• Experience with US-based clients or CPA firms helps.

Responsibilities

• Prepare US federal and state income tax returns (Forms 1040, 1065, 1120, 1120-S, 1041, 990).
• Assist with individual and corporate tax compliance and reporting.
• Prepare supporting 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 tax extensions, estimated tax payments, and amended returns.
• Maintain documentation and meet deadlines.
• Coordinate with clients and internal accounting teams to collect data.
• Stay updated on changes in US tax legislation and regulatory requirements.
• US accounting / year-end financial statement knowledge.

Skills

Analytical skills

Communication skills

Problem-solving

Education

Bachelor's degree in Accounting/Finance/Commerce

CPA / Enrolled Agent (EA) certification

Tools

Microsoft Excel

Accounting software

CCH Axcess suite

Lacerte

ProSystem fx Engagement

Karbon

QuickBooks

Xero

Job description

Key Responsibilities

• 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.