Private Client Income Tax Advisor

Work Location:

Manchester, New Hampshire, United States of America

Hours:

40

Pay Details:

$68,640 - $102,960 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

TD Wealth

Job Description:

The Private Client Service (PCS) Income Tax Advisor is responsible for timely and effective fiduciary income tax compliance, relationship management, and planning for an assigned section of US Wealth trust and estate accounts and individual investment accounts. This role works closely with US Wealth Trust Officers and Investment Advisors to obtain tax information, prepare and file  applicable federal and state fiduciary income tax returns, and ensure appropriate planning is conducted and completed.

Depth & Scope:   

• Prepares, reviews and analyzes fiduciary income tax returns including Form 1041 for Trusts and Estates, Form 990-PF for Private Foundations, Form 1042, Form 1042-S, Forms 1099-DIV, INT, OID, MISC, NEC, B and R, and all related state filing requirements
• Manages of book of accounts and/or supervise the production of tax return preparation by co-sourcing partners
• Utilizes Thomson Reuters OneSource Trust Tax platform and other technologies for client service delivery
• Communicates proactively with management regarding potential issues
• Responds to inquiries from the IRS and other taxing authorities with regard to book of accounts
• Requires management support as needed
• Generally responsible for routine accounts
• Identifies need to negotiate and influence within Wealth Management
• Maintains comprehensive understanding of current and proposed income tax laws and regulations; evaluates their effect on US Wealth fiduciary accounts
• Reviews key income tax issues on a regular basis
• Evaluates the impact of current trends and events on Client income tax situations, alerts other internal staff to findings and develops recommendations to minimize Client tax liability and improve overall financial situations
• Coordinates with department management in the development of overall departmental objectives, policies and procedures covering tax business line and  quality control processes
• Provides input based on problems, issues and opportunities that arise among US Wealth fiduciary accounts
• Ensures proper administration of Company policies and regulatory guidelines
• Directs and coordinates with Customer Service Associate (CSA) assigned to the fiduciary tax team
• Maintains knowledge of fiduciary income taxation, including federal income tax law, multi-state income tax laws and foreign tax treaties
• Evaluates the impact of current tax trends and events on Client accounts, alerts other internal staff to findings and makes policy recommendations to more experienced tax staff and management based on analysis

Education & Experience:

• Bachelor's degree; accounting and/or taxation is preferred or progressive work experience as noted below
• 1+ years of related experience; experience preparing income tax returns for trusts and estates preferred
• Basic knowledge of federal and state fiduciary income taxation 
• Experience using Thomson Reuters OneSource Trust Tax platform
• Ability to independently manage assigned account load
• Attention to detail
• Communication skills, both written and verbal

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional
• International Travel – Never
• Performing sedentary work – Continuous
• Performing multiple tasks – Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds – Occasio