Job description
We are seeking a detail-oriented and knowledgeable Fixed Asset Tax Accountant with expertise in U.S. taxation to manage and optimize the tax treatment of fixed assets. This role is responsible for ensuring compliance with federal, state, and local tax regulations related to depreciation, capitalization, dispositions, and asset-related tax reporting. The ideal candidate will have a strong understanding of U.S. tax depreciation methods, cost segregation, bonus depreciation, and Section 179, as well as experience supporting audits and tax filings.
Core Responsibilities
- Tax Depreciation & Compliance - Calculate, review, and report federal, state, and local tax depreciation using systems like Tax Depreciation Systems (TDS) or specialized software.
- Book-Tax Reconciliation - Identify, analyze, and reconcile differences between financial book depreciation (GAAP/IFRS) and tax depreciation (IRS rules).
- Asset Management - Record acquisitions, transfers, disposals, and retirements of fixed assets.
- Tax Filing Support - Prepare fixed asset data for income tax returns, tax provision work papers (ASC 740), and property tax filings.
- Capitalization Review - Analyze expenditures to determine if they should be capitalized or expensed, ensuring compliance with tax policies.
- Audit Support - Assist with internal and external audits by providing documentation for fixed asset schedules.
- Legislative Monitoring - Monitor changes in tax law and apply them to asset records.
Qualifications Required:
- Bachelor's degree in Accounting, Finance, or related field.
- 3+ years of experience in fixed asset accounting and U.S. tax compliance.
- Strong knowledge of U.S. tax depreciation rules (MACRS, ADS, bonus depreciation, Section 179).
- Experience with fixed asset software (e.g., Oracle FA, SAP, Workday, NetSuite, or similar).
- Proficiency in Excel (VLOOKUP, pivot tables, data analysis).
- Strong attention to detail and analytical skills.
- CPA or progress toward CPA certification.
Key Competencies
- Strong understanding of U.S. tax regulations related to fixed assets
- Excellent analytical and problem-solving skills
- Ability to manage large data sets accurately
- Strong organizational and documentation skills
- Ability to meet deadlines in a fast-paced environment
- Clear written and verbal communication
