Salary: to $130K plus bonus and exceptional benefits
About the Role
A leading wealth management firm is seeking a Senior Tax Associate to own its nonresident alien (NRA) withholding and information reporting function, with primary responsibility for Forms 1042 and 1042-S. The role also provides secondary support for domestic information reporting, including Forms 1099 and 5498.
What You'll Do
- Own the Form 1042-S reporting process from data validation through filing, corrections, and amendments.
- Reconcile Form 1042 to Forms 1042-S, withholding liabilities, federal tax deposits, and IRS account transcripts, and resolve discrepancies.
- Review Forms W-8 to determine documentation validity, recipient status, withholding rates, and treaty eligibility.
- Advise on the NRA withholding and reporting implications of corporate actions, income distributions, and cross-border transactions.
- Monitor regulatory changes and assess their impact on processes and systems.
- Partner with Operations and Technology to resolve complex reporting issues and support system enhancements and testing.
- Some overtime expected at year end (January-February)
What You'll Bring
- 5–7+ years of tax information reporting experience, including substantial hands-on work with Forms 1042/1042-S and NRA withholding.
- Advanced knowledge of Chapter 3 and Chapter 4 (FATCA) withholding, Forms W-8, and tax treaty requirements.
- Experience with Form 1042/1042-S reconciliation and IRS account transcript analysis.
- Strong analytical skills and the ability to research and resolve complex withholding issues independently.
- Strong written and verbal communication skills.
- Advanced Excel skills.
- Bachelor's degree in Finance, Accounting, Business, Taxation, or a related field, or equivalent professional experience.
Preferred
- Experience supporting audits, controls, or regulatory examinations related to NRA withholding and information reporting.
- Experience with tax reporting system implementations or testing.