Real Estate Tax Accountant (Fixed Term)
Makati City - Philippines
Job Summary
A Real Estate Tax Accountant specializing in reviewing tax returns and preparing Schedule K-1s is responsible for managing entity-level tax compliance passive activity limitations and property depreciation for real estate portfolios.
- K-1 Preparation: Prepare Form 1065 or Form 1120-S partnership/S-corporation tax returns and accurately allocate income deductions and credits to generate Schedule K-1s for investors.
- Return Review: Review complex real estate tax returns including Form 8825 (Rental Real Estate Income) and Form 4797 (Sale of Business Property).
- Depreciation Management: Oversee depreciation schedules asset additions and cost segregation study results in accordance with MACRS rules.
- Tax Compliance: Apply passive activity loss (PAL) rules real estate professional status (REPS) tests and at-risk limitations.
Required Skills:
Experience: 3 years of experience in public accounting with a focus on partnership taxation and real estate entities. Software: Proficiency in professional tax preparation software and Microsoft Office. Credentials: Certified Public Accountant (CPA) license or Enrolled Agent (EA) status preferred.