FY28 Federal Tax Associate - Private Company

RSM•Rockford, IL

About The Position

The Federal Tax Associate works with high-net-worth families, closely held businesses, estates, trusts, and private foundations. The role involves building client relationships by understanding their needs and challenges; completing tax planning, research, and federal and state and local tax returns; and developing an understanding of reporting requirements for different entity structures and the compliance process. The associate applies tax knowledge to complete work for review, contributes to tax ideas that may reduce clients’ effective tax rates, documents complex tax issues, and stays current on legislation relevant to Private Client Service clients. RSM describes a competitive benefits and compensation package. Most roles follow a hybrid workstyle, with team members aligned to an RSM office and meeting in person when appropriate for client work, teams, development, or relationship-building. Some roles may be virtual or primarily on-site depending on role requirements, team priorities, and client needs.

Requirements

Bachelor’s degree in accounting or a business-related field.
Required coursework to sit for the CPA exam, a licensed JD, or enrolled agent status.
Strong written and verbal communication skills and ability to work collaboratively as part of a team.
Excellent client relations and interpersonal skills, including the ability to answer client questions and collect information needed for client service engagements.
Outstanding organizational skills and ability to handle multiple priorities and take ownership of assigned tasks.

Nice To Haves

CPA, JD, or Enrolled Agent designation.
LL.M. in Taxation and/or Master’s in Taxation.

Responsibilities

Work with high-net-worth families, closely held businesses, estates, trusts, and private foundations.
Develop strong working relationships with clients by understanding their needs and challenges.
Complete tax planning and research.
Prepare federal and state and local tax returns.
Develop a general understanding of reporting requirements for different entity structures and the compliance process.
Increase involvement in developing tax ideas that could significantly reduce clients’ overall effective tax rates.
Use tax knowledge and understanding of the tax preparation process to complete work for review.
Demonstrate awareness of differing levels of assurance related to tax positions through memoranda and other written documentation on complex tax issues for business and private tax clients.
Stay current on tax legislation relevant to Private Client Service clients.