Prateek Bommireddy

About Prateek Bommireddy

Prateek Bommireddy specializes in the gamut of US tax compliance & US tax consulting services with an experience of more than 14 Years in this field. He currently works at Citco as Vice President. His role as a VP involves serving as a Strategic Tax Leader and India Head of the US Tax Practice at Citco India. He reports to his Global Tax Leaders based at Manila, New Jersey & NYC offices. He assists the global tax leadership in meeting the organizational objectives including building, expanding, guiding & mentoring a high performing team of US tax professionals at India, apart from providing tax compliance & consulting services to clients. Prateek serves as the primary liaison between India team & global offices. He is responsible to drive a culture of continuous improvement, collaboration & accountability. He guides the Managers & above on technical, leadership & engagement management aspects. He has worked on 1065 Partnership Clients in the Big4s, non Big4s as well as in Banking and Financial Services Industry Firms (BFSI). He has served reputed Hedge Funds & Fund of Funds - US Partnership Clients. Prateek has an international experience of almost 3.5 Years working at USA and Caribbean countries. He has worked at California, New Jersey, New York, British Virgin Islands (BVI) & Cayman Islands offices during his US tax career. He has led mid-sized US tax teams during his career span at India offices. He has proven experience in strategic leadership, visionary planning and team management skills, recruiting & expanding the US tax practice in India offices. He is experienced in team handling - leading, training, mentoring, guiding and also actively participating in daily work allocation, profitability & yearly forecasting of work assignments for his team. He is experienced in detailed review of Form 1065, Schedules K1, K2, K3 as well as foreign filing forms: 8865, 8621, 5471, 1042, 8804, 8805 & others. Is proficient in review of Tax Workpapers, Tax Allocations, M-1 Adjustment Workpapers & Reconciliation of 1099 reports for Hedge Fund Clients. He reviews testing of securities for various book to tax adjustments like wash sales, constructive sales, short sales, IRC Sec 988 transactions, IRC Sec 1256 transactions, qualified dividend analysis & others. Apart from working on 1065 related tax work, he has also briefly worked on FinCen 114 & 114a FBAR forms as well as on filing of Sales & Use tax returns for US states. He also has a brief experience working on 1120 and 1040 returns for US Virgin Islands (USVI) based taxpayers.

Experience

1. Vice President

   The Citco Group Limited

   Aug 2023 — Present · Hyderabad, IN

   India Head - US Tax• Business Trip (Citco Offices)- 2024: Jersey City, New Jersey - 2024: NYC, New York

Education

• C.U.Shah Science College

  HSC. Science, Biology, General

  2004 — 2006

• ICFAI Business School

  Master of Business Administration (MBA), Finance and Financial Management Services

  2009 — 2011

• Garden City University

  Bachelor of Business Administration (BBA), Finance, General

  2006 — 2009

Skills

• Microsoft Excel
• Partnership Tax Returns
• Tax Compliance
• Due Diligence
• Hedge Funds
• Partnership Taxation
• Tax
• Accounting
• 1065 Us Tax Returns