LIHTC & HUD Tax Associate — Partnerships & Nonprofits

Mk Group Cpas & Consultants Llc; Oak Brook (IL); On-site; USD 60,000 - 85,000; Full time

Benefits offered by this job

Training & development

Tuition assistance

Wellness resources

Benefits/Perks

Careers Advancement Opportunities

Flexible Scheduling

Competitive Compensation

Job summary

Mk Group CPAs & Consultants LLC in Oak Brook, IL, seeks a Tax Associate to prepare and review federal, state, and local returns for partnerships, nonprofits, corporations, and housing entities. You will specialize in LIHTC, HUD, and PHA clients, ensuring IRS compliance with housing program requirements.

You will prepare Form 1065, 1120/1120S, 990, and K-1/2/3 schedules, build depreciation schedules, and support audits with managers and clients.

Qualifications

• Bachelor's degree in Accounting or Taxation required.
• CPA eligibility or progress toward CPA certification preferred.
• 1–3 years of public accounting or tax experience.
• Experience with affordable housing, LIHTC, HUD, or nonprofit taxation preferred.

Responsibilities

• Prepare federal and state partnership tax returns (Form 1065).
• Prepare corporate income tax returns (Forms 1120 and 1120S).
• Prepare exempt organization returns (Form 990 and Form 990-PF).
• Prepare fiduciary and other required tax filings as assigned.
• Prepare amended tax returns and extension filings.
• Prepare estimated tax calculations and quarterly tax payments.
• Prepare tax returns for LIHTC partnerships.
• Prepare tax returns for HUD-assisted and PHA entities.
• Review partnership agreements and allocation provisions.
• Calculate and report tax credit allocations.
• Prepare depreciation schedules and fixed asset reconciliations.
• Prepare Section 42 compliance tax information.
• Assist with cost certifications and tax basis calculations.
• Prepare tax projections for affordable housing partnerships.

Skills

partnership taxation

federal tax regulations

tax forms 1065/1120/990

K-1/K-2/K-3

LIHTC knowledge

Excel

CCH Axcess

Lacerte

analytical skills

organizational skills

communication skills

deadline management

Education

Bachelor's degree in Accounting or Taxation

Tools

Microsoft Excel

CCH Axcess

Lacerte

Job description

Mk Group CPAs & Consultants LLC in Oak Brook, IL, seeks a Tax Associate to prepare and review federal, state, and local returns for partnerships, nonprofits, corporations, and housing entities. You will specialize in LIHTC, HUD, and PHA clients, ensuring IRS compliance with housing program requirements.

You will prepare Form 1065, 1120/1120S, 990, and K-1/2/3 schedules, build depreciation schedules, and support audits with managers and clients.