Trust Tax Accountant

Major Law firm in Boston has an exciting opening for a tax accountant strong on trust tax and other fiduciary taxes. Reports to tax director.

Performing tax research and preparing written tax advice

Preparing tax information statements and tax returns including complex Forms 1041 and state income tax returns for trusts and estates

Reviewing and interpreting wills and trust documents to determine fiduciary tax reporting requirements confirm beneficiary allocations and identify matters that may require additional research and review by a subject matter professional such as determination of state tax nexus.

Analyzing proper tax treatment of various transactions, learning to identify, review and confirm accuracy in tax reporting

Translating complex data from a range of sources into client-ready insights and deliverables to support informed decision-making concerning required tax reporting

You will support the Fiduciary / Trust Tax Services practice with the preparation and delivery of tax information statements, tax returns and related reporting for agency, custody and fiduciary accounts for tax compliance engagements with banks, wealth management firms, trust companies and law firms. You’ll be working in a highly collaborative culture, where listening to and sharing information with colleagues is an essential part of the role.

Skills and attributes for success

Collaborate with clients and colleagues to analyze tax issues, determine alternative methods of problem-solving and arrive at recommendations

Support managers, senior managers and PPEDs with reconciling returns, e-filing returns, and validating data in the tax system

Communicate with client tax liaisons, client trust administration teams and client trust officers to gather required information, to share information to support informed decision-making, and obtain instruction or authorization necessary for timely, accurate production of tax information statements, tax returns and related reporting

Support billing and collections for tax compliance and related services and participating in the process of contract renewals and new business pursuits

Communicate complex tax issues to colleagues, clients and non-tax professionals to enable evaluation and review of tax compliance requirements central to fulfilling fiduciary tax reporting obligations

Responsible for training less experienced team members on administrative tasks and tasks supporting the tax compliance process

To qualify for the role you must have

Bachelor degree or equivalent experience (Accounting, Business, Finance or equivalent degree preferred)

Minimum 2 years of experience in a professional services or tax services organization and preparing federal and state fiduciary income tax returns

Proficient in computer software applications, including Microsoft Word, Excel and PowerPoint, knowledge of trust accounting systems and tax software applications, including ONESOURCE™ Trust Tax

Experience preparing income tax returns with complex pass-through investments, read and interpret trust agreements

Ability to work effectively both independently and with a team, assist with a variety of projects of varying degrees of complexity

Knowledge of taxation, trusts and estates, wealth planning and fiduciary income taxation

Demonstrated technical expertise in fiduciary accounting matters

Build effective relationships with our clients, understand their unique needs to provide tailored services. Manage workflow effectively to comply with clients’ needs and expectations and complete special projects

Excellent organizational and verbal / written communication skills

Commit to periodic travel (10-15%)

Ideally, you’ll also have

CPA or EA certification or membership in The Bar desired, but not required

Thorough knowledge tax compliance, information reporting rules, fiduciary and / or income tax law and concepts required to prepare US federal and state tax information statements and tax returns

Strong analytical skills and attention to detail

The ability to adapt your work style to work with both internal and client team members