Job Description

Tax Associate Consultant

This is a tax department role that will work closely within the tax team and with the fund accountants on credit-focused, securities, and potentially Management Company. We are looking for a candidate with public accounting/private financial services industry experience. These responsibilities would be varied and go across our fund platform.

Responsibilities:

• Review of Federal and State tax returns (1065, 1120), along with other supplemental and information reporting tax forms (1042, 1042-S, 8804, 8805, 8865, 8858, 5471, 926, 8621, 8886, PFIC statements, etc.)
• Review of Federal and State Schedule K-1s, footnotes and disclosures.
• Working with the accounting department and the fund administrator to review books and records and partner demographics to provide information to outside tax advisors.
• Analyzing underlying security transactions for potential wash sale, constructive sale, straddle, short sale adjustments, future/forward contracts, Sec 988, 1256 contracts, qualified dividend income, original issue discount, market discount, premium amortization and other necessary tax adjustments
• Analyzing, review and preparation of tax allocations per the partnership agreement. Allocation methods may include analysis of revaluation accounts, stuffing, and book/tax differences, along with private equity-like tax waterfalls
• Prepare quarterly tax estimates and projections, including preparing waterfalls and disparity calculations.
• Track/Follow up on progress of internally/externally prepared filings and ensure timely filed.
• If necessary tracking and coordinating quarterly estimated tax payments with the IRS
• Review of FBAR filings where applicable.
• Research of tax issues, assist with tax notices

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