Tax Estate amp Trust Manager

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Tax, Estate & Trust Manager
The candidate will hire, train and supervise tax and estate personnel. Maintain responsibility for all aspects of the preparation of tax returns for clients, including procedures and scheduling of personnel to ensure that returns are prepared correctly, promptly and efficiently. Coordinate ordering of tax publications, forms and supplies. Prepare annual tax letters and coordinate mailing to tax clients. Serve as member of the firm Taxation, Estate and Trust Committees. Take action as directed by committee. Attend seminars as authorized by the firm. Serve as case manager for specific estate as assigned by attorney. Maintain responsibility for each step of estate administration process. Meet with client during estate administration to obtain information as directed by attorney. Draft court and other documents for estate administration and file documents with court as required. Identify assets and determine form of ownership of each and values. Assist with liquidation or transfer of estate assets. Keep list of assets and use for preparation of estate inventory and estate tax return. Keep a current Excel accounting of receipts, disbursements, and recapitulation for each estate. Expand accounting into a tax spreadsheet for use in preparing estate fiduciary income tax returns. Prepare final accounting, including proposed distribution to beneficiaries. Prepare SS-4, Application for Employer Identification Number, and Form 56, Notice of Fiduciary Relationship, for each estate. Work with attorney to determine which of the following returns to prepare: Decedent’s final 1040. Form 1041, Fiduciary Income Tax Return – 1 or more. Form 706, Federal Estate Tax Return, Form 709, US Gift tax. Illinois Estate Tax. Any Generation Skipping Tax returns. Review tax accounting periodically for each return and make recommendation to attorney for most advantageous fiscal year for the fiduciary income tax return. Assume responsibility for accuracy, appearance, and timely filing (but not signing) of each return. Prepare trust accountings and trust returns as assigned. Prepare income tax returns for individuals, businesses, and trusts as assigned. Answer questions from clients and prospective clients by phone or in person. Assist clients receiving IRS notices to correct problems and resolve issues. Prepare amended tax returns. Do tax research as requested by attorneys, using tax publications, research services on internet and other means. Other duties as assigned. Maintain responsibility for annual procedures including conflict of interest and open meeting letters to Board, preparation of preliminary budget, preparation of Appropriations and Levy Ordinances, publication of Notice of Annual Meeting and timely filing of documents with county and state officials. Assure that legal requirements and deadlines are met. Estate Planning—assist attorneys in all aspects of estate planning including document preparation. Business Planning—assist attorneys in all aspects of entity life: formation, mid-stream adjustments, windup. Assist with other client work as directed including real estate matters. QuickBooks familiarity.

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