Staff Level II Accountant - 990 - Tax - BLR
On-siteBengaluru, Karnataka, India
Job Summary
Prepare non-profit 990 and 990-T tax returns by identifying the 12 sections of the main form and understanding its reporting structure. Manage end-to-end tax compliance by screening financials, identifying missing open items, and gathering relevant documentation to ensure accurate information. Recognize deadlines, extensions, and penalties for Form 990 and its 16 schedules while applying implications from the Tax Cuts and Jobs Act. Calculate Unrelated Business Income Tax (UBIT) and lead engagements with a collaborative mindset. Report to Tax Managers in the Withum India office, collaborating with the US Tax Services Group on various engagements.
Required Qualifications
- Commerce Graduate/Postgraduate
- 2+ years in 990 or 990-T Non-profit tax
- good communication and drafting skills
- work-based demonstrated affinity in pursuing a career in customs matters
- integrity
- energy
- independent working ability
- collaborative mindset
- Active communicator
- great team player
- Ability to plan, prioritize, and organize work effectively
- Ability to balance many projects simultaneously
- Ability to work under pressure and time deadlines
- Ability to work independently
- Ability to be flexible with scheduling to meet workflow demands
- Ability to present a professional appearance and demeanor
- Ability to maintain client confidentiality, personal objectivity, and professional skepticism
- basic knowledge of 990 respective schedules
- knowledge on Form 990 Basics like Importance of non‐profit sector, Purpose of Form 990, Who must file, Form 990 series, Organizations not required to file, accounting periods, Deadline and extensions, Penalties for failure to file
- Basic idea of Implications for Tax‐Exempt Organization & Calculation of Unrelated Business Income Tax (UBIT)
- thorough knowledge of Audit Financials like Income statement and Balance sheet
- Ability to prepare small & medium 990, screening the financials, identifying missing open items, asking relevant tax information and documentation to provide accurate information
- Ability to identify the 12 sections of Form 990's main form
- Ability to Recognize deadlines, extensions and penalties pertaining to Form 990 and the purpose of the 16 schedules associated with Form 990
- Ability to Identify the Implications to Form 990 from the Tax Cuts and Jobs Act
- Ability to Manage end-to-end tax compliance
- Ability to be accountable of work and Be 100% Responsible of leading and managing engagements
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