Real Estate Tax Associate – Watertown MA – Commercial Real Estate
Our team is working with a leading commercial real estate developer & property manager looking to hire a Tax Associate to their growing team. This role is responsible for managing tax compliance, reporting, and analysis across a range of entities, including partnerships, corporations, REITs, TRS entities, and funds. Key responsibilities include calculating taxable income and tax basis, preparing federal and state tax returns, overseeing REIT compliance, managing estimated tax payments, reviewing depreciation and property activity, and coordinating with third-party tax preparers. The role also involves researching relevant tax laws, responding to tax authority inquiries, assisting with annual tax provisions, and supporting lease analysis and transfer pricing studies for corporate and TRS entities.
This role is a full time hybrid (3 days in 2 at home) position that will offer between 110K-120K base, bonus, & strong benefits. If you are interested in this opportunity, please reach out to Vincenzo Kulturides directly at [email protected]
RESPONSIBILITIES:
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Calculate taxable income and tax basis for all entities (including joint venture partnerships, corporations, REITs and Fund)
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Review federal and state tax returns for all entities
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Prepare quarterly and annual REIT compliance testing
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Calculate extension and quarterly estimated tax payments
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Calculate E&P for all corporate entities
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Coordinate delivery of finalized trial balances, schedules and calculations to third party tax preparers
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Review property activity to identify potential REIT compliance issues
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Prepare annual 1099-DIV for corporate distributions
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Prepare state withholding exemption vouchers as needed
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Review and reconcile depreciation schedules; maintain depreciation software
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Research relevant tax laws, regulations and rulings to determine applicability to the portfolio and proper tax treatment, including filing requirements
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Respond to inquiries from the IRS, other tax authorities and joint venture partners
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Coordinate distribution of final deliverables to tax authorities, joint venture partners and internal departments for Fund investors
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Assist in calculation and review of annual tax provision for corporate entities, including tax footnotes and disclosures
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Assist in lease analysis and transfer pricing studies for TRS entities
Qualifications
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Bachelor’s Degree in Accounting or equivalent field
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4+ years of tax experience in partnerships and REITs
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Excellent organizational skills; able to multitask, prioritize and meet deadlines
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Strong verbal and written communication skills
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Proficient in the use of Microsoft Office Suite, specifically, Excel
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Experience with CCH Intelliconnect and BNA Fixed Assets a plus
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CPA preferred
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