Tax Associate - 1040 HNI

GR8 Global India · Bangalore, India

We are looking for a Tax Associate – 1040 HNI to support the preparation of complex US individual income tax returns for High-Net-Worth Individuals (HNI) . The ideal candidate should have strong exposure to US individual taxation, particularly Form 1040 , and experience handling complex tax situations involving investments, multiple income sources, and various states.

Key Responsibilities

• Prepare and review US Individual Income Tax Returns – Form 1040 for HNI and high-income individual clients.
• Handle complex individual tax returns involving:
• Schedule A – Itemized Deductions
• Schedule B – Interest & Dividends
• Schedule C – Business Income
• Schedule D – Capital Gains & Losses
• Schedule E – Rental, Partnership, S-Corporation, and Trust/Estate income
• Form 8949 – Capital Asset Transactions
• Foreign income and investment-related reporting, where applicable.
• Analyze K-1s, brokerage statements, investment income, rental income, and other supporting documents .
• Assist with tax planning and identify potential tax-saving opportunities.
• Prepare federal and state individual tax returns and related schedules.
• Perform tax research on complex individual taxation matters.
• Identify inconsistencies, missing information, and potential tax issues during return preparation.
• Communicate with clients and/or onshore teams to obtain necessary information and clarifications.
• Assist in responding to IRS/state notices and tax queries .
• Ensure tax returns are prepared accurately and submitted within prescribed deadlines.
• Maintain proper documentation and workpapers in accordance with firm policies.
• Review work prepared by junior associates, where applicable.
• Stay updated on changes in US federal and state tax laws and regulations .

Required Qualifications

• Bachelor's/Master's degree in Accounting, Finance, Commerce, or a related field .
• 1+ years of relevant experience in US Individual Taxation .
• Strong hands-on experience with Form 1040 .
• Experience working with HNI / High-Net-Worth Individual tax returns .
• Good understanding of US federal and state individual taxation.
• Strong knowledge of tax schedules and supporting forms related to Form 1040.
• Experience with tax software such as CCH, Sureprep, GoSystem, UltraTax, ProSeries, Lacerte , or similar platforms.
• Strong MS Excel skills.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and ability to work under tight deadlines.