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Tax Associate - Credits and Incentives / Tangible Property Services
RSM US
2021-12-03 17:31:31
Chicago, Illinois, United States
Job type: fulltime
Job industry: Real Estate & Property
Job description
As a member of our Tangible Property Services Team, in the Business Tax Consulting Group, in your important role as Tax Associate, you will be responsible for the following:
- This position involves preparing detailed analyses of building construction project costs and acquired properties (cost segregation studies). Tasks will include preparing quantity takeoffs from blueprints, construction cost estimating, reviewing and analyzing construction project invoices and cost documentation, physically inspecting client facilities, researching relevant tax authority, preparing engagement documentation, and drafting reports for clients.
- The individual may also be involved in reviewing clients' capital maintenance, repair and improvement expenditures for proper tax accounting treatment, and accurately maintaining tax depreciation in a variety of software packages (fixed asset management). Tasks may include reviewing historical fixed asset depreciation schedules, developing import files compatible with software packages, uploading current year asset addition/disposition data, maintaining Microsoft Excel roll-forward schedules and updating historical asset records within the software.
- Frequent (10% to 20% of time) out-of-town travel would be required, and direct client contact is expected as well.
Basic Qualifications:
- Bachelor's degree in engineering, architecture, or construction management, or
- Bachelor's degree in accounting, qualified to sit for CPA exam
- Proficient with Microsoft Office Suite software - specifically Excel, Word and Outlook
- Organized, detail-oriented, strong written and verbal communication skills
- Ability to work cooperatively across tax and numerous other stakeholders
- Supports planning, client scoping and budgeting efforts
Preferred Qualifications:
- Up to three years of related experience in construction engineering or management, construction cost estimating, cost segregation or capital asset accounting and depreciation
- Certified Public Accountant, Professional Engineer, Enrolled Agent or Certified Cost Segregation Professional
- Experience with fixed asset depreciation software (i.e. Bloomberg, SAGE, etc.), automation software (i.e. Alteryx, Power BI, Tableau, etc.) or fixed asset modules within ERP systems (i.e. Oracle, SAP, Great Plains, etc.)
- Experience in cost segregation
- Ability to read construction blueprints
- Familiarity with the construction contracting and invoicing process
- Knowledge of building systems and construction techniques
- Experience in construction cost estimating
- Knowledge of and experience with Federal tangible property regulations and general tax depreciation rules
You want your next step to be the right one. You've worked hard to get where you are today. And now you're ready to use your unique skills, talents and personality to achieve great things. RSM is a place where you are valued as an individual, mentored as a future leader, and recognized for your accomplishments and potential. Working directly with clients, key decision makers and business owners across various industries and geographies, you'll move quickly along the learning curve and our clients will benefit from your fresh perspective.
Experience RSM US. Experience the power of being understood.
RSM is an equal opportunity/affirmative action employer. Minorities/Females/Disabled/Veterans.
Job ID: req22613
Line of Business: Tax Services
SubFunction: BT CIM TPS
Job Type: FullTime
Req #: req22613
Location: Chicago, IL US
Region: Great Lakes Region
Job Category: Tax
Employment Type: Experienced
Degree Required: Bachelor
Travel: Yes