Senior Trust Tax Assistant: 1041 & 990 Prep

Farmers National Bank; Boardman (OH); On-site; USD 65,000 - 90,000; Full time

Job summary

Farmers National Banc Corp. is seeking an experienced Tax Specialist to support the Tax Officer in preparing tax services for trust accounts. Precision and attention to detail are essential in this role.

You will file basic 1041s, assist with 1040/990/990PF/5227/1099s, and manage payroll reports, withholding and IRA tax coding. Five years of accounting or tax experience and an Associates degree are preferred.

Qualifications

• Associate’s Degree in Accounting or Finance (or comparable work experience)
• Must have a minimum of five (5) years accounting/tax experience

Responsibilities

• Accurately prepare and file basic 1041 tax forms and assist the Tax Manager in the preparation of more complex tax forms: (1040, 990/990PF, 5227 and 1099 INT/DIV/B/MISC)
• Process electronic estimated tax payments for individuals and private foundations using the Federal EFTPS system. Also process various state estimated tax payments manually.
• Prepare electronic federal and state quarterly payroll reports for clients who have household employees
• Prepare quarterly electronic filing of State of Ohio withholding
• Review all new accounts with correct tax set-up on system
• Review IRA worksheets for distributions and withholding and maintain control of all IRA accounts
• Review account closings, maintain closed files, and make sure final tax preparation fees are taken on closed accounts
• Ensures that all closed trust files contain the required documentation and are properly prepared for scanning
• Review trust and agency accounts on system for proper tax codes and make changes as needed
• Assist in tax preparation fees of agency, trust, and individual accounts
• Monitor and update all tax control sheets for active and closed accounts for Trust 1041, 990, 5227 and personal 1040
• Assist administrative assistants and trust officers on various tax coding issues
• Complete all mandatory and elective training, including BSA (Bank Secrecy Act) and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations.
• Regular, predictable attendance is an essential requirement of this position

Skills

Attention to detail

Education

Associates or better in Accounting or related field.

Associates or better in Finance or related field.

Job description

Farmers National Banc Corp. is seeking an experienced Tax Specialist to support the Tax Officer in preparing tax services for trust accounts. Precision and attention to detail are essential in this role.

You will file basic 1041s, assist with 1040/990/990PF/5227/1099s, and manage payroll reports, withholding and IRA tax coding. Five years of accounting or tax experience and an Associates degree are preferred.