Trust Tax Administrative Assistant

Farmers National Bank of Canfield•Boardman, OH

About The Position

The Trust Tax Administrative Assistant assists the Tax Officer with preparing tax services for trust accounts. The role requires a high degree of accuracy and attention to detail. The assistant prepares and files basic Form 1041 returns and supports the Tax Manager with more complex tax forms, handles tax payments and payroll filings, reviews account tax setup and records, and assists colleagues with tax coding questions. The position also requires completion of mandatory and elective training, compliance with applicable rules and regulations, and regular, predictable attendance.

Requirements

Associate’s degree in Accounting or Finance, or comparable work experience.
At least five years of accounting or tax experience.
High degree of accuracy and attention to detail.

Responsibilities

Accurately prepare and file basic Form 1041 tax forms and assist the Tax Manager with more complex forms, including Forms 1040, 990/990PF, 5227, and 1099-INT/DIV/B/MISC.
Process electronic estimated tax payments for individuals and private foundations through the Federal EFTPS system and process state estimated tax payments manually.
Prepare electronic federal and state quarterly payroll reports for clients with household employees.
Prepare quarterly electronic filings of Ohio state withholding.
Review new accounts to ensure correct tax setup in the system.
Review IRA distribution and withholding worksheets and maintain control of IRA accounts.
Review account closings, maintain closed files, and ensure final tax preparation fees are charged to closed accounts.
Ensure closed trust files contain required documentation and are properly prepared for scanning.
Review trust and agency accounts for proper tax codes and make changes as needed.
Assist with tax preparation fees for agency, trust, and individual accounts.
Monitor and update tax control sheets for active and closed accounts for Trust 1041, 990, 5227, and personal 1040.
Assist administrative assistants and trust officers with tax coding issues.
Complete mandatory and elective training, including BSA and Anti-Money Laundering procedures, and maintain compliance with applicable rules and regulations.
Maintain regular, predictable attendance.