US Tax Manager - 1065

Job description

Position Summary

We are seeking an experienced Tax Manager specializing in partnership taxation (Form 1065) to join our tax team. The Tax Manager will oversee the preparation, review, and filing of partnership tax returns, manage compliance with federal and state tax laws, and provide strategic tax planning for complex partnership structures. This role requires a deep understanding of partnership allocations, basis calculations, carried interest, K-1 reporting, and multi-tiered entities.

Key Responsibilities

• Tax Compliance & Review
• Manage and review federal and state partnership tax returns (Form 1065) and related Schedules K-1 .
• Ensure compliance with IRS regulations and multi-state reporting requirements.
• Oversee partner capital account maintenance, basis tracking, and distribution analysis.
• Tax Planning & Advisory
• Advise on partnership structuring, reorganizations, mergers, and acquisitions.
• Provide guidance on complex allocations (special allocations, 704(b), 704(c)).
• Assist with tax planning to optimize partner outcomes and entity-level efficiency.
• Management & Leadership
• Supervise, mentor, and train staff and seniors in preparing partnership returns.
• Manage client engagements, deadlines, and workflow to ensure quality deliverables.
• Act as a technical resource on partnership taxation and emerging tax legislation.
• Research & Risk Management
• Conduct tax research and draft memoranda on partnership issues (e.g., disguised sales, guaranteed payments, hot asset rules).
• Review IRS notices, audits, and respond to tax authority inquiries.
• Ensure compliance with ASC 740 (tax provisions) where applicable.

Qualifications

• Bachelors degree in Accounting, Finance, or related field;
• 5+ years of progressive review and team leading experience, with a focus on partnership taxation.
• Strong knowledge of federal and state partnership tax law, including Subchapter K.
• Experience with complex partnership structures, real estate funds, private equity, hedge funds, or professional service firms .
• Excellent analytical, communication, and leadership skills.
• Proficiency with tax compliance software (e.g., GoSystem, OneSource, ProSystem fx, CCH Axcess).

Preferred Skills

• Familiarity with international tax issues affecting partnerships (PFIC, CFC, GILTI, withholding).
• Experience managing multi-state partnership returns and composite/withholding filings.
• Strong project management and client service orientation.
• Ability to work effectively under deadlines in a fast-paced environment.