Citco Financial Services Tax Department
Tax VP Manager Job Description
Build new and existing client relationships and demonstrate knowledge of the industry. Work collaboratively with the client and third party auditors in order to resolve tax related issues faced by the client.
Analyze tax allocations for M-1 adjustments such as wash sales, qualified dividend income, straddles, and constructive sales and perform tax reporting for complex products including equities, futures, options, fixed income, swaps, Section 988/1256, and asset-backed securities.
Prepare and review Form 1065, Schedule K-1s, Schedule K-2/K-3, PFIC statements and related schedules including L, M1, M2 and M3.
Prepare and review complex international tax forms, particularly Forms 8865, 8858, 8621 and 5471.
Work on issues regarding withholding tax based on Effectively Connected Income and prepare Form 8804, Form 8805, Form 1042, Form 1042-S. Identify foreign/domestic status of partner(s) by analyzing Forms W-8BEN, W-8ECI, W-8IMY and/or W-9.
Perform research of relevant tax laws, regulations and rulings to determine proper tax treatment of issues.
Review FBAR filings (FinCEN Form 114) with the Department of the Treasury.
Work on complex partnership profit/loss allocations for hedge funds and fund of funds.
Train and work closely with Citco offices overseas.
Review client deliverables and work closely with tax managers and clients on a daily basis.
Formulate work-papers to support book to tax analysis, tax allocations, and calculations to support K-1 footnotes.
Review all the tax lot testing; dividend income/expense, wash sales, straddles, constructive sales, short sale holding period etc. in order to get to final taxable number for the accurate income tax filing.
Instruct classes to newly hired staff regarding tax issues and their treatment.
Requirements & Qualifications
Bachelor of Science in Accounting or Finance.
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