Partnership Tax Senior Manager

Join Frazier & Deeter and be a part of a rapidly growing Top 50 accounting & advisory firm that has been repeatedly named a Best Firm to Work For, a Best Firm for Women and a Pacesetter firm among U.S. accounting firms. With several offices across the U.S., UK, and India, there is a spot for you!  

We serve clients of all sizes across the United States and the globe, with a suite of services that grow every year. Our growth mindset and entrepreneurial environment translates into variety and opportunity for our people. 

At Frazier & Deeter, we’re committed to training, mentoring, and developing our staff members. With our emphasis on Investing in Relationships to Make a Difference and a Firmwide Focus on Inclusion, we help each other grow in every aspect of life.  

Job Summary:

Duties & Responsibilities:

• Lead and conduct high-level review of complex partnership and passthrough tax engagements, with significant responsibility for Forms 1065, Schedules K-1, and related federal and state filings.
• Serve as a technical resource on Subchapter K and complex partnership tax matters, including partnership formations, allocations, distributions, basis, capital accounts, and transactions involving partnership interests.
• Advise clients on complex partnership tax matters, including IRC Sections 704(b), 704(c), 743(b), and 754 elections and adjustments, as applicable to client structures and transactions.
• Analyze the tax implications of partnership formations, acquisitions, dispositions, restructurings, ownership changes, partner admissions and exits, and other transactions.
• Develop tax planning and consulting strategies for partnerships, partners, and other passthrough entities, identifying opportunities and potential tax risks.
• Provide tax guidance related to mergers, acquisitions, and transactional activity involving partnerships and passthrough entities, including structuring and tax planning considerations.
• Advise clients on multi-state partnership taxation, filings, nexus, and related state and local tax considerations.
• Stay current on changes in partnership tax law and regulations and translate technical developments into practical recommendations for clients and engagement teams.
• Lead complex tax engagements from planning through completion, including scope, budgeting, staffing, technical review, deadlines, billing, and delivery.
• Develop and maintain strong client relationships and serve as a trusted advisor on complex tax and business matters.
• Lead client meetings and clearly communicate sophisticated partnership tax concepts to tax and non-tax stakeholders.
• Supervise, train, mentor, and develop staff and senior associates, including reviewing their work and strengthening their technical partnership tax knowledge.
• Collaborate with partners and other firm professionals to identify opportunities for expanded client service and integrate tax expertise across service lines.
• Participate in business development activities and help grow the firm’s Partnership and Passthrough Tax practice.

Education & Experience: 

• Bachelor’s and/or Master’s degree in Accounting, Taxation, or a related field.
• Active CPA license required.
• 8+ years of progressive public accounting tax experience with significant specialization in partnership and passthrough taxation.
• Extensive experience preparing and reviewing complex partnership returns (Form 1065), Schedules K-1, and related federal and state filings.
• Advanced knowledge of Subchapter K and partnership taxation, including partnership formations, contributions, distributions, allocations, basis, and transactions involving partnership interests.
• Strong technical knowledge of IRC Sections 704(b) and 704(c), partner and partnership basis, capital accounts, special allocations, and partnership distributions.
• Experience with IRC Sections 743(b) and 754 elections and basis adjustments strongly preferred.
• Experience providing tax consulting and planning related to partnership acquisitions, dispositions, restructurings, ownership changes, and other complex transactions preferred.
• Experience with multi-state partnership filings, nexus considerations, and state tax issues.
• Proven experience overseeing complex client engagements and delivering high-quality client service.
• Demonstrated ability to develop and execute sophisticated tax planning strategies for partnership and passthrough clients.
• Experience supervising, reviewing, training, mentoring, and developing staff and senior associates.
• Proficiency with professional tax preparation software, such as CCH Axcess, and Microsoft Office.

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