Tax Accountant (1040 Specialist)

Fates, Bodily & Parker PLLC, Itasca, IL, is a growing, full-service financial firm dedicated to building relationships both with clients and the community. We are a fun, relaxed firm that sits in the sweet spot of being big enough for true professional growth and advancement and small enough to allow employees to be an integral part of driving our direction.

Location: 115 W Orchard Street, Itasca, IL 60143 / Hybrid
Type: Full-Time

Position Overview:

As a Tax Accountant (1040 Specialist), you will be responsible for the accurate preparation and filing of individual tax returns (1040). This role is perfect for someone who enjoys working independently, focusing solely on 1040 tax returns without the responsibility of managing others. During tax season, from January through April and September/October, you’ll be expected to work 50-60 hours per week to meet filing deadlines. However, outside of tax season, your workload will lighten considerably, with typical hours ranging from 25-30 per week, offering you a balanced work-life schedule for the remainder of the year. You will play a key role in ensuring that all tax filings are completed accurately and on time, while staying up-to-date with the latest IRS regulations.

What You’ll Do

• Prepare and file individual tax returns (1040) with accuracy and attention to detail.
• Review client tax information, including income, deductions, and credits, to ensure accurate filings.
• Handle 1099 preparation and year-end tax reporting.
• 1041 preparation preferred.
• Assist with IRS correspondence related to individual tax returns when necessary.
• Keep up-to-date with the latest tax law changes and ensure compliance with current IRS regulations.
• Maintain thorough documentation and records of all client tax work.

What You’ll Need

• Minimum of 5 years of experience preparing individual tax returns (1040).
• Enrolled Agent (EA) certification with the IRS is preferred; CPA is a plus.
• Strong knowledge of individual tax laws.
• Strong communication skills for client interaction and follow-up.
• Experience with tax preparation software, UltraTax preferred.
• Proficient in Microsoft Office Suite (Excel, Word).
• Ability to work independently and manage multiple client filings simultaneously.
• Excellent attention to detail and organizational skills.

Why You’ll Love Working Here:

• Focus on What You Love: Work exclusively on 1040 tax returns, allowing you to specialize and refine your expertise.
• Flexible Work Arrangements: Enjoy hybrid work options to fit your lifestyle. Typically 3 days in office, 2 days remote.
• Comprehensive Benefits: We offer competitive medical, dental, and vision plans, 401(k) with employer matching, paid time off (PTO), cell phone reimbursement and support and reimbursement for continuing education.

If you are an experienced tax accountant looking to focus on 1040 tax return preparation in a collaborative environment, we encourage you to apply!