Job Summary The Tax Associate is responsible for preparing and reviewing federal, state, and local tax returns for affordable housing partnerships, nonprofit organizations, corporations, and public housing entities. This position specializes in Low-Income Housing Tax Credit (LIHTC), HUD, and Public Housing Authority (PHA) clients, ensuring compliance with IRS regulations and housing program requirements. The Tax Associate prepares complex partnership tax returns, K-1, K-2, and K-3 reporting, tax projections, and supporting schedules while working closely with audit teams, managers, and clients.
Responsibilities
Tax Return Preparation
Prepare federal and state partnership tax returns (Form 1065).
Prepare corporate income tax returns (Forms 1120 and 1120S).
Prepare exempt organization returns (Form 990 and Form 990-PF, when applicable).
Prepare fiduciary and other required tax filings as assigned.
Prepare amended tax returns and extension filings.
Prepare estimated tax calculations and quarterly tax payments.
Affordable Housing & LIHTC Tax Compliance
Prepare tax returns for Low-Income Housing Tax Credit (LIHTC) partnerships.
Prepare tax returns for HUD-assisted and Public Housing Authority (PHA) entities.
Review partnership agreements and allocation provisions.
Calculate and report tax credit allocations.
Prepare depreciation schedules and fixed asset reconciliations.
Prepare Section 42 compliance tax information.
Assist with cost certifications and tax basis calculations.
Prepare tax projections for affordable housing partnerships.
Qualifications
Bachelor's degree in Accounting or Taxation.
CPA eligibility or progress toward CPA certification preferred.
1–3 years of public accounting or tax experience.
Experience with affordable housing, LIHTC, HUD, or nonprofit taxation preferred
Required Skills
Strong knowledge of partnership taxation.
Knowledge of federal and state tax regulations.
Experience preparing Forms 1065, 1120, and 990.
Experience preparing Schedules K-1, K-2, and K-3.
Understanding of LIHTC and affordable housing tax compliance.
Proficiency with Microsoft Excel.
Experience with tax preparation software (CCH Axcess, Lacerte).
Strong analytical and problem-solving skills.
Excellent organizational and communication skills.
Ability to manage multiple engagements and meet deadlines.
Preferred Qualifications
Experience with HUD-assisted housing and Public Housing Authorities.
Knowledge of IRS Section 42 Low-Income Housing Tax Credit regulations.
Experience preparing Forms 8609 and 8609-A.
Familiarity with Uniform Guidance and nonprofit tax compliance.
Experience reviewing partnership operating agreements and tax allocation provisions.
Numbers & Facts
Location
Oak Brook, IL
Job Type
Full-time
Skills
Affordable Housingunmatched
Analysis Skillsunmatched
Auditingunmatched
Certified Public Accountant (CPA)unmatched
Communication Skillsunmatched
Corporate Taxunmatched
Depreciationunmatched
Federal Laws and Regulationsunmatched
Fiduciaryunmatched
Fixed Assetsunmatched
Income Taxunmatched
Local Taxunmatched
Low-Income Housing Tax Credit (LIHTC)unmatched
Maintain Complianceunmatched
Microsoft Excelunmatched
Nonprofitunmatched
Organizational Skillsunmatched
Problem Solving Skillsunmatched
Process Hazard Analysis (PHA)unmatched
Public Accountingunmatched
Public Housingunmatched
Reconciliationunmatched
Regulatory Complianceunmatched
State Laws and Regulationsunmatched
State Taxunmatched
Tax Accountingunmatched
Tax Creditsunmatched
Tax Planningunmatched
Tax Regulationsunmatched
Tax Reportingunmatched
Tax Returnsunmatched
Tax Softwareunmatched
Team Playerunmatched
Time Managementunmatched
Training/Teachingunmatched
Tuition Feesunmatched
🎯
Be found by employers
5,500+ employers search our resume database daily. Add yours to get found by recruiters looking for candidates like you.
Level up your application
Professional resume templates
Browse dozens of recruiter approved resume templates, layouts and formats. Choose your favorite and make it your own in minutes.