Job Overview:We are seeking a highly skilled Certified Public Accountant (CPA) or Enrolled Agent (EA) specializing in individual tax planning and tax return review to join our dynamic team. If you are an individual tax planning expert with an interest in fintech, we want to hear from you.
As a Tax Planning Specialist, you will be responsible for providing expert tax planning and compliance services to optimize tax strategies for clients. You will collaborate closely with our Certified Financial Planners® to devise and implement tax strategies that align with clients' goals and regulatory requirements, and manage ongoing tax compliance work for members.
This role is based at Range's Headquarters in McLean, VA, New York City, or our Seattle based office. Employees hired for this position will work in office Monday-Friday. If you are not currently located in one of these areas, your willingness to relocate will be a contingency for employment.
What you'll do with us:Tax Projections:- Create comprehensive income tax projections for Range members so they may understand their possible future tax obligations.
- Tax Liability Forecasting: Develop detailed tax projections to estimate clients' future tax obligations based on their current financial status and anticipated changes in income, expenses, deductions, and credits.
- Scenario Analysis: Construct various tax scenarios to illustrate the impact of different financial decisions, such as changes in employment, investments, or family status, on future tax liabilities.
- Under-withholding and over-withholding: Identify instances of under-withholding or over-withholding of taxes from clients' paychecks. Provide guidance on rectifying these issues by adjusting Form W-4 to ensure accurate withholding that aligns with their projected tax liability.
- Quarterly Estimated Tax Payments: Assist clients in determining their need for quarterly estimated tax payments. Calculate the appropriate payment amounts and due dates to help clients avoid underpayment penalties.
- IRS Safe Harbor Rules: Advise clients on the IRS Safe Harbor rules for making quarterly estimated tax payments to avoid penalties. Ensure clients are aware of the requirements and assist them in meeting the criteria.
Tax Planning:- Strategic Tax Planning: Develop and implement tax strategies to minimize tax liabilities and maximize tax benefits for individual Range members. You will be working alongside Range's financial planning team to analyze household data to identify opportunities for tax optimization and cost savings, and mitigate tax risks through effective planning and documentation in the following areas, among others:
- Retirement Planning: Advising on tax-efficient retirement savings plans, including IRAs, Roth IRAs, and 401(k) plans.
- Charitable Giving: Techniques for maximizing tax benefits through charitable donations, including donor-advised funds and charitable trusts.
- Education Savings: Advising on tax-advantaged education savings plans, such as 529 plans and Coverdell Education Savings Accounts.
- Stock Options and Equity Compensation: Planning for tax-efficient exercise and sale of stock options, including Restricted Stock Units (RSUs), Restricted Stock Awards (RSAs), Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs).
- Alternative Minimum Tax (AMT) Planning: Techniques for managing exposure to the AMT, particularly with regard to the exercise of ISOs.
- Real Property Investments: Provide tax planning services specifically for real property investments, including strategies for maximizing depreciation deductions, understanding the implications of 1031 exchanges, managing rental income and expenses, and leveraging tax credits and incentives for real estate investments.
- State and Local Tax Optimization (SALT): Planning to minimize state and local tax liabilities, including residency and domicile considerations.
- International Taxation: Manage international tax issues including US persons living abroad and foreign investments.
- Estate and Gift Tax Planning: Strategies for minimizing estate and gift taxes, including the use of trusts and lifetime gifting.
Tax Return Review and Filing:- Review Tax Returns: Conduct thorough reviews of individual tax returns prepared by internal teams or external advisors.
- Accuracy and Compliance: Ensure accuracy and compliance of tax returns with applicable laws and regulations.
- Tax Documentation: Maintain detailed tax records and documentation to support tax planning positions and audits.
- Tax Return Filing: Submit tax returns to the relevant tax authorities and resolve issues with that process when they arise.
- Audit Support: Assist with tax audits and inquiries from tax authorities, providing necessary documentation and responses.
- Continuous Improvement: Recommend and implement process improvements for tax return preparation and review with outside tax preparers.
What will set you apart:- Certified Public Accountant (CPA), Enrolled Agent (EA), or equivalent demonstrated tax expertise required. Additional certifications, or desire to obtain additional certifications are a plus.
- Minimum of 7+ years of experience in tax planning and tax return review.
- In-depth knowledge of federal, state, and local tax laws and regulations in the areas of individual taxation, estates, gifts and trusts, and passive investments.
- Proficiency in existing tax software such as leading tax planning and financial analysis tools, with a willingness to use new technology as needed.
- Excellent written and verbal communication skills, with the ability to explain tax concepts to non-experts.
- High level of attention to detail and accuracy in tax planning and review processes.
- Ability to work effectively in a team environment and collaborate with cross-functional teams.
Benefits:- Comprehensive health coverage: Medical, dental and vision
- 401k plan
- Technology allowance
- PTO
- Top of Market Pay
- Paid parental leave
- In-person team & company events
