Trust Tax Administrative Assistant

Farmers National Bank of Canfield; Boardman (OH); On-site; USD 55,000 - 75,000; Full time

Job summary

Farmers National Bank of Canfield seeks a Tax Associate to support the Tax Officer in preparing trust and agency tax services. The role emphasizes accuracy in filing basic 1041 forms and aiding with more complex returns, plus handling state and federal tax tasks.

Responsibilities include processing EFTPS payments, payroll tax reports for households, reviewing tax set-ups, and maintaining IRA worksheets. Strong detail orientation and compliance with BSA/AML are essential.

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.

Skills

Tax Documents

Education

Associates of Accounting (preferred)

Associates of Finance (preferred)

Job description

SUMMARY:

The primary duties of this position include assisting the Tax Officer in the preparation of tax services for all trust accounts. A high degree of accuracy and attention to detail is essential in this position.

ESSENTIAL DUTIES and/or RESPONSIBILITIES

include, but are not limited to the following:

• 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

EDUCATION and/or EXPERIENCE:

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

Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran

Education

• Associates of Accounting (preferred)
• Associates of Finance (preferred)

Skills

• Tax Documents (preferred)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.