US Tax Preparer

Job Description:

US Tax Preparer

Overview: As a US Tax Preparer, candidate’s primary responsibility is to assist clients in preparing and filing their US tax returns accurately and in compliance with current tax laws and regulations. He/she will work closely with clients to gather financial information, analyze data, and ensure that tax returns are prepared efficiently and in accordance with established procedures. He/she should have sound knowledge of US Individual, Business and Corporate Tax Returns. Expertise in preparing and reviewing forms 1040, 1120C, 1120S, 1065, 990 and 1041 and Knowledge of various tax software.

Key Responsibilities:

1. Client Communication:
   • Communicate with clients to obtain necessary financial documents and information for tax return preparation.
   • Address client inquiries and provide assistance in a professional and client-focused manner.
   • Ensure clear and concise communication to clarify any tax-related issues.

2. Data Collection and Analysis:
   • Gather and review financial documents, including income statements, W-2s, 1099s, and other relevant documents.
   • Analyze financial data to determine appropriate deductions, credits, and other tax-related considerations.
   • Identify potential issues or discrepancies and collaborate with clients to resolve them.

3. Tax Return Preparation:
   • Utilize tax preparation software to input client data and generate accurate tax returns.
   • Stay informed about changes in tax laws and regulations to ensure compliance and accuracy in tax return preparation.
   • Prepare federal and state income tax returns for individuals, businesses, and other entities as required.

4. Quality Assurance:
   • Conduct thorough reviews of completed tax returns to identify errors or discrepancies.
   • Implement quality control measures to ensure the accuracy of calculations and adherence to tax regulations.
   • Collaborate with senior tax professionals for complex tax issues and guidance.

5. Deadline Management:
   • Manage multiple tax return projects simultaneously and adhere to strict deadlines.
   • Coordinate with clients to obtain any outstanding information necessary for timely completion of tax returns.
   • Stay organized to meet filing deadlines and avoid penalties for late submissions.

6. Documentation and Recordkeeping:
   • Maintain accurate and organized client files and documentation.
   • Ensure compliance with recordkeeping requirements outlined by tax authorities.

7. Collaboration:
   • Work closely with other tax professionals, accountants, and support staff to facilitate efficient workflow and problem-solving.
   • Participate in training sessions to enhance knowledge and skills in tax preparation.

8. Client Education:
   • Provide basic tax planning advice to clients to help them understand potential tax implications and optimize their financial situation.
   • Educate clients on relevant tax changes and updates that may affect them.

Qualifications:

• Bachelor's degree in accounting, finance, or a related field.
• Enrolled Agent (EA) certification is often preferred.
• Proven experience in US tax preparation, with a strong understanding of tax laws and regulations.
• Proficiency in tax preparation software and Microsoft Office Suite.
• Excellent communication and interpersonal skills.