Job Overview

Our client, a US private equity real estate firm, is seeking an experienced Tax Manager – US Real Estate Partnerships to oversee partnership tax compliance and reporting for a private equity real estate portfolio. In this full-time role reporting directly to the CFO, you will review approximately 70 partnership tax returns prepared by an outside CPA firm and prepare roughly 10 upper-tier Form 1065 returns in-house. You will handle complex partnership mechanics, including 704(b)/(c) allocations, 752 debt allocations, 754 elections, and multi-state K-1 investor reporting. Additionally, you will manage compliance calendars, tax distributions, and transaction support outside peak filing seasons. 

Schedule

Monday - Friday, 8:00 AM - 5:00 PM EST, with 1 hour unpaid break (40 work hours per week)

Responsibilities

• Reviewing Outside Firm Returns (~70 Partnerships):
  • Serve as the primary technical review layer between the outside CPA firm and the CFO, escalating only genuinely complex issues.
  • Review Section 704(b) and 704(c) allocations to ensure tie-outs to LPA waterfalls, proper application of targeted capital mechanics, and accurate tracking of built-in gain layers.
  • Audit Section 752 debt allocations across recourse, nonrecourse, and qualified nonrecourse debt, including the impact of partner guarantees on tax basis.
  • Verify Section 743(b) step-ups and Section 754 elections, reflecting mid-year transfers of LP interests accurately.
  • Review depreciation and cost segregation schedules, bonus depreciation, Section 163(j) limitations, and interest capitalization elections.
  • Oversee investor-side reporting, including UBTI for tax-exempt partners, ECI and FIRPTA for foreign partners, state K-1 footprints, and composite/nonresident withholding.
  • Draft authoritative review comments, deliver them to the outside accounting firm, and manage issues through to resolution.
• Preparing In-House Returns (~10 Upper-Tier 1065s):
  • Prepare and file returns for upper-tier partnerships receiving lower-tier K-1s.
  • Build workflows to handle lower-tier K-1s arriving close to extended filing deadlines.
  • Manage multi-state filing, composite, and withholding footprints resulting from state-sourced income flowing from lower tiers.
  • Ensure flow-through items (Section 163(j), Section 1061, UBTI, Section 704(c)) retain their proper tax character.
  • Maintain partner capital accounts and accurate tax basis reporting.
  • Supervise extensions, estimated payments, and compliance calendars across all internal entities.
• Year-Round Strategic Tax Operations:
  • Manage outside CPA firm engagements, standardizing PBC packages, delivering clean trial-balance-to-tax workpapers, and controlling scope and fees.
  • Oversee tax notices, annual reports, franchise tax filings, registrations, and entity housekeeping across 80+ entities.
  • Calculate partnership tax distributions against LPA provisions and monitor quarterly estimates.
  • Provide investor tax support, including responding to LP K-1 inquiries, preparing UBTI/ECI estimates, administering FIRPTA withholding, and managing W-8/W-9 collections.
  • Deliver transaction and deal support, including purchase price allocations, cost segregation coordination, 1031 exchange tracking, and structuring input for acquisitions and dispositions.
  • Coordinate portfolio-wide property tax assessment tracking and appeals.

Requirements

• 7+ years of experience in US partnership taxation, with a dedicated focus on real estate or real assets.
• Substantial return review experience with a proven track record of identifying technical discrepancies and signing off on complex partnership returns.
• Deep technical command of Sections 704(b), 704(c), 752, 743(b), 754, 163(j), and tiered partnership structures.
• High confidence in challenging outside advisers and writing clear, actionable review notes.
• Exceptional written and verbal English communication skills suitable for direct collaboration with executive leadership and US partners.
• Ability to maintain necessary working hour overlap with US leadership during compliance windows.

Qualifications

• Active US CPA or Enrolled Agent (EA) credential preferred.
• Recognized accounting credential (such as CA or equivalent international certification).
• Experience with Big 4 or national public accounting firms.
• Exposure to REIT testing, blocker structures, or fund-of-funds reporting.
• Experience with Opportunity Zones or Section 1031 exchanges.
• Familiarity with professional tax compliance software and fixed asset management systems.
• Familiarity with state, local, or property tax administration.

Independent Contractor Perks

• Permanent work from home
• Immediate hiring
• Health Insurance Coverage for eligible locations

Note

Please click the "Apply" button to complete your application, including the assessment questions, technical check, and voice recording. Your hourly pay rate will be established based on your performance in the application process; submissions with all requirements fulfilled will receive priority review.

One application, multiple possibilities: When you apply, our team reviews your background against all current openings, not just this one! If a different role fits your skills, we'll get in touch! We also encourage you to keep exploring our job board and apply directly to any position that excites you.