Citation Oil & Gas Corp.posted 8 months ago
Full-time • Entry Level
Houston, TX
Oil and Gas Extraction

About the position

The Staff Tax Accountant I - Federal Tax position involves preparing income tax return work papers and associated federal and state income tax returns for various entities including S corporations, partnerships, and private foundations. The role requires independent preparation of complex Excel spreadsheets, analysis of source documents for book/tax differences, and preparation of information returns and taxable income estimates on a monthly basis. Additionally, the position entails maintaining DD&A schedules and conducting research on state and federal tax issues.

Responsibilities

  • Prepare income tax return work papers and associated federal and state income tax returns for S corporations, partnerships, and private foundations.
  • Independently prepare complex Excel spreadsheets and analyze source documents for book/tax differences.
  • Prepare information returns and taxable income estimates on a monthly basis.
  • Maintain all DD&A schedules including cost and percentage depletion calculations, UOP and MACRS depreciation, and state depreciation and depletion schedules.
  • Research various state and federal income and franchise tax issues and communicate with tax authorities.
  • Analyze capital expenditures for tangible/intangible characteristics and expense versus capitalization issues.
  • Prepare monthly and quarterly state withholding returns, annual payroll tax returns, and various state annual reports and franchise tax returns.

Requirements

  • Minimum 1 to 2 years of experience in public accounting preferred.
  • Working knowledge of basic tax accounting principles, partnership and S corporation taxation, and state income/franchise tax required.
  • Knowledge and experience in oil & gas independent producer tax preferred.
  • Proficient in Excel, Word, and tax return software.
  • Experience with Access preferred.
  • Minimum of BBA in Accounting; Masters in Tax and CPA preferred.
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