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WOODBURY CORPORATION Senior Tax Associate in SALT LAKE CITY, Utah

Worksite location: 2733 E Parleys Way, Suite 300, Salt Lake City, UT 84109. Work from home benefit provided for periods of overtime during tax season. Must be in office 40 hours a week.

Job Duties:

· Prepare federal and state partnership income tax returns Form 1065 and commonly associated schedules and forms, including Schedules K, K-1, K-2 and K-3, Schedule L, Schedules M-1 and M-2, Schedule D, Form 4797, 4562, and 8825 for Woodbury partnerships involved in commercial real estate development and management.

· Prepare state and municipal income tax returns based on partnership accounting data.

· Perform general accounting, including performing reconciliations and preparations of financial statements.

· Prepare and maintain depreciation schedules for commercial and residential real estate and related assets using Modified Accelerated Cost Recovery System (MACRS) rules for convention, method, class, and recovery period.

· Calculate depreciation under General Depreciation System (GDS) and Alternative Depreciation System (ADS).

· Apply federal tax regulations 26 CFR §1.263(a) to various expenditures made in connection with commercial real estate development and management.

· Review partnership records and financial statements to identify any adjustments needed to comply with federal tax law including Internal Revenue Code Sections including §704, §705, §707, §721, §731, §732, §734, §743, and §752.

· Create adjusting journal entries to partnership financial statements.

· Coordinate with property managers, construction managers, and real estate agents to clarify understanding of transactions and ensure proper treatment for tax purposes.

· Identify and gain an understanding of all changes to state and federal tax law, as applicable to Sub-chapter K, and would impact the preparation of state and federal income tax returns.

· Maintain awareness of federal, state, and municipal tax filing deadlines and work efficiently with the team to meet those deadlines.

· Provide analysis to business team members on the tax impacts of proposed future business transactions.

· Work from home benefit provided for periods of overtime during tax season.

· Must be in office 40 hours a week.

Education Required: Bachelor's Degree in Accounting or closely related field.

Experience Required: 2 years of experience as a Tax Associate or closely related occupation

Special Requirements:

Two years as a Tax Associate or closely related occupation must include two tax seasons preparing state and federal partnership tax returns.

Must have prior experience and demonstrable knowledge of:

· Preparing federal partnership Income Tax Return Form 1065 and commonly associated schedules and forms, including Schedules K, K-1, K-2 and K-3, Schedule L, Schedules M-1 and M2, Schedule D, Form 4797, 4562, and 8825.

· General accounting, including performing reconciliations and preparation of financial statements.

· Preparing federal and state individual tax returns.

· Sub-chapter K of the U.S. Tax Code.

· Internal Revenue Code Sections §704, §705, §707, §721, §731, §732, §734, §743, and §752. Federal tax regulations 26 CFR § 1.263(a).

· MACRS rules for convention, method, class, and recovery period.

· GDS and ADS.

*Travel Requirements: *None

Work Hours: Full-time, 40 hours/week minimum. Monday-Friday 8:00 a.m. - 5:00 p.m. Must be in office 40 hours a week.Work from home benefit provided for periods of overtime during tax season.

To Apply: Please send a resume to taxresumes@woodburycorp.com. Only qualified applicants should apply. Must have U.S. employment aut orization. Do not apply if you are in F-1 or H-1 status or otherwise require employer sponsorship for U.S. employment authorization.

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