Company
Hourly
5-10 Hour(s)
Expensive
10
Professional
We are currently in search of a qualified Tax Specialist with expertise in 1099-C forms (Cancellation of Debt) to assist in filing against a client who failed to fulfill their payment obligations under a contract. The ideal candidate will have a deep understanding of IRS regulations regarding debt cancellation and the associated tax implications.
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**Responsibilities:**
1. **1099-C Filing:**
- Prepare and file a 1099-C form accurately, ensuring all IRS guidelines are adhered to.
- Provide guidance on the specific criteria and conditions under which a 1099-C should be filed.
2. **Documentation and Verification:**
- Assist in gathering and verifying all necessary documentation related to the unpaid debt.
- Ensure all information provided on the 1099-C is accurate and well-documented.
3. **Tax Advice:**
- Offer advice on the tax implications of filing a 1099-C, both for our company and potentially for the non-paying client.
- Provide recommendations on any further tax-related actions we should consider following the 1099-C filing.
4. **Compliance:**
- Ensure full compliance with IRS rules and regulations throughout the process.
- Stay updated with any changes in tax laws that might affect the filing.
5. **Communication:**
- Maintain clear and consistent communication with our team throughout the process.
- Provide updates and explanations of each step to ensure understanding and transparency.
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**Requirements:**
- Proven experience and expertise in tax law, specifically with 1099 forms.
- Detailed knowledge of IRS regulations regarding debt cancellation.
- Strong analytical skills and attention to detail.
- Excellent communication and advisory skills.
- Ability to handle confidential information with discretion.
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**Preferred Qualifications:**
- Certified Public Accountant (CPA) or equivalent qualification.
- Experience dealing with contract disputes and related tax filings.
- Familiarity with the specific challenges and considerations of 1099-C filing in a business context.
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**To Apply:**
Please submit your resume detailing your experience with 1099 forms, particularly 1099-C, along with any relevant certifications or qualifications. Include a brief cover letter explaining how you've helped previous clients in similar situations. We're looking for a tax professional who can navigate this process with expertise and provide thorough guidance along the way.