Tax Reporting Specialist

Come work for one of the most success Indian Casinos in SoCal and across the country!

  • Highland, CA
  • $65,000 - $85,000
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A bit about us:

More than 6,500 people are building careers, lives, and futures at our properties. One of the country’s busiest casinos, with great restaurants, in business roles in the casino offices and in our future hotels, we all share a commitment to building something greater for our team members, our guests, and our surrounding community.

Why join us?

Committed to our team members, we offer a competitive Total Rewards package featuring financial, healthcare, wellness, and career development rewards. Together, these benefits make our client a desired employer in the region.

Job Details

Under the direction of the Supervisor, Revenue Audit, the Tax Reporting Specialist will ensure that the Business is in compliance with the Internal Revenue Code (IRC) in regards to:

  • -Filing of Form(s) W-2G,
  • -Certain Gambling Winnings,
  • -Form(s) 5754, Statement By Person(s) Receiving Gambling Winnings,
  • -1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, and
  • -Form(s) 1099 related to reportable gambling winnings, awards, prizes, and/or contest winnings with the Internal Revenue Service (IRS).

In addition, the Tax Reporting Specialist will have a general awareness of the Bank Secrecy Act [31 CFR §1021.320], the Patriot Act and requirements of the Office of Foreign Asset Control in the performance of duties as needed in support the overall mission of the Casino Accounting Department.

Essential Duties & Responsibilities
1. The Tax Reporting Specialist will conduct a daily reconciliation of all Form(s) W-2G, 5754 and 1042-S in regards to reportable gambling winnings per the IRC as reported in the businesses transaction monitoring software as well as documentation received from Cage Operations.

2. Ensures the correct coding of Form(s) W-2G, 5754 and 1042-S filed by SMC with the IRS in regards to the income tax withholding rate as well as the EIN, country, recipient name and amount of tax withheld, if any. Makes accurate corrections as necessary based on the above review.

3. Applies the taxation regulations and rules associated with foreign persons with U.S. sources of income subject to withholding in regards to reportable gambling winnings, awards, prizes and/or contest winnings. This includes the determination of the foreign person status for a patron per a review of available information maintained by the Business.

4. Provides Accounts Payable with federal tax liability information according to payment schedules set by the IRS.

5. Responds accordingly with accurate information to inquiries from other departments within The Business.

6. Tracks patron prize winnings daily throughout the year and ensures that the reporting of all applicable winnings to each winning patron is sent via the U.S. Mail by filing deadlines established by the IRS. This also includes ensuring the reporting of income on a Form 1099 via the U.S. Mail to vendors of The Business.

7. Reconciles totals for all Form(s) W-2G and 1042S on a weekly and monthly basis and provides the reconciliation to the Accounting Department.

8. Assists in the processing of customer requests for copies of Forms W-2G and 1042-S from Cage Operations or website.

9. Assists in locating and providing necessary files for internal and outside auditors.

10. Maintains up-to-date procedures for the Tax Reporting function.

11. Accurately prepares, conducts, and timely transmits all Form(s) W-2G, 1042-S, and 1099 complied by The business to the IRS by filing deadlines established by the IRS.

12. Perform other duties as assigned to support the efficient operation of the department.
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Job Details
Managed by Jobot Pro
Location
Highland, CA
Job Type
Permanent
Compensation
$65,000 - $85,000