Tax InternAt — Arete Advisors

The Tax Intern will support the tax department in preparing, analyzing, and reviewing federal, state, and local tax filings for individuals and businesses. The intern will work closely with tax professionals to assist in compliance, research, and planning activities. Responsibilities include gathering and organizing financial data, preparing workpapers, performing tax calculations, and supporting the completion of tax returns and related schedules. The role also involves helping ensure the firm’s compliance with applicable tax deadlines. This internship provides hands-on experience with real client scenarios, exposure to professional tax software, and opportunities to develop technical, analytical, and communication skills in a professional accounting environment.

Task:

Prepare individual and business tax returns under supervision, including Forms 1040, 1120, 1120-S, 1065, and related schedules.

Create, update, and maintain workpapers to support tax filings and calculations.

Assist with quarterly estimated tax calculations and projections for clients.

Review tax notices and assist in preparing responses or gathering required documentation.

Participate in internal meetings, workflow planning, and training sessions.

Ensure all work adheres to firm standards for accuracy, confidentiality, and timely completion.

Training:

Initial Orientation: Overview of firm policies, expectations, work procedures, technology tools, confidentiality requirements, and emergency protocols.

Software Training: Hands-on instruction in tax preparation software, document management systems, and internal workflow tools.

Technical Tax Training: Introduction to basic tax concepts, tax forms, filing requirements, and the firm’s quality-control procedures.

Ongoing Mentorship: A designated supervisor or CPA will provide day-to-day guidance and be available for questions throughout the internship.

Weekly Check-Ins: Regular meetings to review progress, discuss challenges, and provide feedback on performance and skill development.

Debriefing Sessions: Periodic review of completed assignments with constructive feedback to reinforce accuracy, efficiency, and technical comprehension.

End-of-Term Review: Formal evaluation of learning outcomes, strengths, and areas for continued growth.

LearningOutcome:

Apply federal, state, and local tax regulations to prepare individual and business tax returns.

Use professional tax software (e.g., UltraTax,) to complete tax workpapers and filings accurately.

Analyze financial statements and client records to identify relevant tax issues and calculate tax liabilities.

Demonstrate an understanding of tax compliance cycles, documentation standards, and workflow processes within a professional tax practice.

Communicate effectively with supervisors and team members regarding project status, data needs, and findings.

Exercise professional judgment, confidentiality, and ethical standards within an accounting and tax environment.