Sr. Tax Coordinator III

Telangana
Permanent
Full-time

10 days ago

Overview:The 1099-K Process Expert is responsible for managing and executing all activities related to IRS Form 1099-K reporting. This includes data collection, validation, reconciliation, and submission to ensure compliance with U.S. tax regulations. The role requires strong analytical skills, attention to detail, and a deep understanding of U.S. tax laws related to payment card and third-party network transactions.Responsibilities:

1099-K Reporting:

Oversee the end-to-end process of 1099-K form generation and submission.
Ensure accurate reporting of gross payment transactions for applicable vendors and merchants.
Coordinate with U.S. tax teams and external vendors for timely filing.
Data Management:

Extract and validate transaction data from ERP systems and payment platforms.
Reconcile discrepancies between internal records and third-party data sources.
Compliance & Audit:

Stay updated on IRS regulations and ensure compliance with current 1099-K requirements.
Prepare documentation for internal and external audits related to tax reporting.
Stakeholder Collaboration:

Liaise with internal departments and external stakeholders (banks, payment processors).
Provide guidance and support to teams on 1099-K related queries.
Process Improvement:

Identify and implement process enhancements to improve accuracy and efficiency.
Develop SOPs and training materials for the 1099-K process

Qualifications:

Bachelor’s degree in Finance, Accounting, or related field (CPA or equivalent preferred).
5+ years of experience in U.S. tax reporting, specifically 1099-K.
Strong knowledge of IRS regulations and tax compliance.
Experience working in a Shared Service Center or multinational environment.
Proficiency in Excel, ERP systems (Oracle) and Tax - OneSource
Excellent communication and analytical skills.

Preferred Skills:

Familiarity with other 1099 forms (e.g., 1099-MISC, 1099-NEC).
Experience with automation tools and data analytics platforms.
Ability to manage multiple deadlines and work under pressure.

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