Real Estate Tax Accountant

Booth and Partners Pte Ltd | Project Based

• Work Experience
  
  Experience:
  
  3+ years of experience in public accounting, with a focus on partnership taxation and real estate entities.
• City New York
• State/Province National Capital Region (Manila)
• Country US

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 .

• 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.