Tax Manager- Real Estate

Tax Manager Real Estate

About Walter Shuffain:

Established in1994WS Advisorsis a Boston-based advisory and accounting firm dedicated to delivering thoughtful tax financial and business guidance that helps clients make confident forward-looking decisions. We pride ourselves on a collaborative culture rooted in accountability respect responsiveness and continuous learning where diverse perspectives are welcomed and individual growth is encouraged.

Recognized for excellence innovation and a supportive work environment WS Advisors has been named anIPA Top 200 Firm anIPA Fastest Growing Firm anIPA Best of the Best Firm and one ofAccounting Todays Best Firms to Work For. We invest in our people and foster meaningful careers built on teamwork integrity and shared success.

About Ascend:

Backed by private equity from people-focused Alpine Investors Ascend is building a dynamic platform for regional accounting firms that enables them to stay independent while accessing the resources of a Top 25 firm to help them grow. Ascend provides access to growth capital robust talent acquisition and training leading quality management resourcesbest-of-breed technology AI tools an offshore captive shared back-office services a catalytic leadership system and modernized equity incentives so that firms can surmount todays industry challenges to reach their full potential. For more information .

Role Summary

We are seeking an experienced Tax Manager with deep expertise in real estate to oversee tax compliance planning and advisory services for real estate clients including partnerships funds and high-net-worth investors. This role requires a strong understanding of the real estate industrys economic and operating structures as well as the ability to interpret complex partnership agreements and apply advanced tax regulations. The ideal candidate will serve as a strategic advisor to clients on structuring transactions and ongoing tax matters specific to real estate investments and operations.

Essential Functions

• Manage multiple client engagements within the real estate sector including partnerships real estate funds and closely held entities
• Serve as the primary point of contact for clients including owners investors and senior stakeholders providing proactive tax planning and advisory services
• Review and oversee preparation of complex partnership tax returns ensuring accuracy in allocations reporting and compliance
• Interpret and apply partnership operating agreements including capital account provisions distribution waterfalls income/loss allocations and liability allocation provisions
• Advise clients on real estate-specific tax matters including structuring acquisitions dispositions and financing transactions
• Apply technical expertise in key tax areas such as:
• IRC Sections 704(b) 704(c) and 752 allocations
• Section 163(j) business interest limitations
• Section 199A qualified business income deductions
• UBTI reporting considerations
• Oversee tax treatment of real estate transactions including 1031 exchanges disguised sales and debt-financed distributions
• Analyze and apply depreciation methods including MACRS and ADS and advise on cost recovery strategies
• Provide guidance on partner basis at-risk limitations and Section 754 step-up elections and adjustments
• Advise on state and local tax considerations including Pass-Through Entity Tax (PTET) regimes
• Identify and resolve complex tax issues through research technical analysis and consultation
• Act as a strategic business advisor to clients providing insights on growth structuring and exit strategies within the real estate lifecycle
• Develop and mentor staff manage project budgets and workflow and contribute to training initiatives
• Participate in business development efforts including expanding relationships within the real estate client base

Education Skills and Experience

• Bachelors or Masters degree in Accounting Tax or a related field
• Minimum of 6 years of public accounting experience with a strong focus on real estate clients
• Demonstrated expertise in real estate partnership taxation and underlying industry economic models
• Extensive experience reviewing partnership tax returns and interpreting complex operating agreements
• Strong technical knowledge of:
• IRC Sections 704(b) 704(c) 752 and 754
• 1031 exchanges disguised sale rules and partner basis/at-risk rules
• Section 163(j) Section 199A and UBTI reporting
• MACRS and ADS depreciation methodologies
• Debt-financed distributions and interest tracing rules
• State Pass-Through Entity Tax (PTET) matters
• Proven ability to lead and manage teams while handling multiple client engagements
• Strong analytical research and problem-solving skills with attention to detail
• Excellent communication skills with the ability to explain complex tax concepts to clients and stakeholders
• Ability to exercise independent judgment and provide strategic recommendations on client tax matters

The annual base salary range for this role is $00. This range includes the anticipated low and high end of Walter Shuffains salary range for this position. Actual compensation may vary based on various factors including experience education and/or skill level.