Trust Tax Accountant

The Quest Organization Inc; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Confidential in New York City seeks an experienced Trust Accountant to join the accounting team. The role focuses on preparing trust tax returns (1041), annual accountings, distributions, and fee calculations.

Ideal candidates have 5–7+ years in accounting/tax within family offices or similar environments, with CPA/EA preferred and strong Excel skills to support financial reporting and audits.

Qualifications

• Bachelor’s degree in Accounting or related field.
• 5–7+ years of accounting/tax experience in similar environments.
• Experience preparing trust tax returns (1041) required.
• Experience with 1040, 1120, 1065, 990, and gift tax returns preferred.
• CPA and/or EA preferred.
• Experience with tax software required.
• Advanced Excel skills.

Responsibilities

• Prepare federal and state trust tax returns (1041) and other returns.
• Prepare annual trust accountings, extensions, estimated tax payments, and 1099s.
• Manage trust administration including distributions and trustee fees.
• Review trust documents and related tax requirements.

Skills

Excel proficiency

Tax compliance knowledge

Communication skills

Team collaboration

Education

Bachelor’s degree in Accounting or related field

Tools

CCH Access or similar

Job description

Trust Accountant A confidential, established family office is seeking an experienced Trust Accountant to join its accounting team in New York City.

Responsibilities

• Prepare federal and state trust tax returns, including Form 1041, as well as individual, gift, foundation, corporate, and partnership tax returns.
• Prepare annual trust accountings, extensions, estimated tax payments, and required 1099s.
• Manage trust administration, including quarterly distributions and trustee fee calculations.
• Review and interpret trust documents and related tax requirements.
• Support investment accounting, accounts payable, accounts receivable, and general ledger activities.
• Prepare journal entries, year-end workpapers, and financial statements.
• Assist with annual audits for the family office and related foundations.
• Research and respond to federal, state, and local tax notices and inquiries.
• Address accounting, tax, and business-related questions from internal stakeholders and outside advisors.
• Identify opportunities to improve accounting and tax processes, systems, and procedures.

Qualifications

• Bachelor’s degree in Accounting or related field required.
• 5–7+ years of accounting/tax experience, preferably within public accounting, a family office, private client practice, or similar environment.
• Demonstrated experience preparing trust tax returns (1041) is required.
• Experience with 1040, 1120, 1065, 990, and gift tax returns strongly preferred.
• CPA and/or EA preferred.
• Experience with CCH Access or similar tax preparation software required.
• Advanced Microsoft Excel skills preferred.
• Strong understanding of tax compliance, accounting principles, and financial reporting.
• Exceptional attention to detail and organizational skills.
• Strong written and verbal communication skills.
• Collaborative, positive, and team-oriented approach.