Trust Tax Officer
Company: Citizens & Northern Bank
Location: Wellsboro
Posted on: June 24, 2022
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Job Description:
Trust Tax OfficerUS-PA-WellsboroJob ID: 2022-1966Type:
Full-Time# of Openings: 1Category: TrustWellsboroOverviewAt
C&N, we have a mission to take care of our customers to be the
only bank they need. The successful Trust Tax Officer is
responsible for income, gift, and estate tax planning and
preparation, as well as compliance duties within the Trust and
Financial Management Group.Responsibilities1. Provides tax
compliance and planning services to trust clients.Prepares or
reviews federal, state, and local individual (1040) income tax
returns.Prepares or reviews federal and state fiduciary income tax
returns (1041).Prepares or reviews federal estate (706), state
inheritance (Rev 1500), and gift tax returns (709).Prepares federal
and state exempt organization tax returns (990) and registration
forms.Identifies future tax planning strategies while preparing
current year returns.Reviews year-end tax data to be reported on
Forms 1099 and resolves discrepancies.Prepares tax planning
projections for clients in collaboration with Account
Administrators.Meets with clients throughout the year to discuss
tax questions and planning strategies.Provides education and
seminars to branch personnel and clients as need is
identified.Works with centers of influence to develop appropriate
courses of action for mutual clients.Keeps informed of new
financial services-related developments, policies, and laws.Attends
professional seminars and continuing professional education
classes. 2. Preparation of accountings and filing of documents
required for estates, trusts, and guardianships administered within
the Trust Division.Prepares formal accountings of the activity of
trusts and estates for which the bank is trustee or executor, or
for which the bank is agent, on an as-needed basis.Prepares court
filing documents and taxpayer information forms for trusts and
estates.Prepares annual accountings for all accounts for which the
bank has been appointed guardian.Communicates with Account
Administrators, clients, and attorneys regarding the contents of
accountings and the meaning and significance of transactions. 3.
Performs reviews of account administration to ensure compliance
with established Trust Division policies and procedures, as well as
federal and state regulations.Monitors administrators' adherence to
fiduciary policies and procedures.In conjunction with Operations
staff, performs regular review of trust accounting system
information. 4. Training and Education - Completes all assigned
training as established in a timely manner, including compliance,
certification & licensure, and other developmental requirements. 5.
Customer Service - Exemplifies C&N Customer Service Standards.
PM18QualificationsEducation: Bachelor's degree (B. A.) from
four-year college or university or equivalent Experience: 4-6 years
of previous related experience and/or training.or Equivalent
combination of education and experience. Certification: CPA or
Enrolled Agent PI183090413
Keywords: Citizens & Northern Bank, Scranton , Trust Tax Officer, Accounting, Auditing , Wellsboro, Pennsylvania
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