Puneet Gupta

About Puneet Gupta

Experienced US Tax Professional with 3 years of hands-on expertise in preparing and reviewing Form 1040, 1040-NR, 1065, 1120S, and state tax returns. Skilled in managing CPA and EA-led engagements, coordinating with clients, and ensuring accurate, compliant, and timely tax filings.I have strong experience in analyzing K-1s, handling foreign income reporting, preparing FBARs (FinCEN 114), and applying residency rules, treaty benefits, and visa-based tax implications. I am proficient in leading tax software such as Drake, ProConnect, Lacerte, MyTaxPrepOffice, CrossLink, and TurboTax.My strengths include reviewing complex financial documents, analyzing brokerage statements, identifying deductions and credits, and maintaining high accuracy throughout the tax process. I communicate clearly with clients, manage multiple deadlines during peak season, and consistently support smooth workflow operations.Committed to continuous learning, delivering high-quality work, and contributing to the success of my team and organization.

Experience

1. Us Tax Executive

   Hemsworth Consulting

   Feb 2025 — Present

   Prepare Form 1040 for individuals, including those with self-employment income, rental properties, capital gains, and foreign income, ensuring accuracy, IRS compliance, and optimal tax outcomes- Update and report Schedule K-1 (from Form 1120-S and Form 1065) on individual tax returns (Form 1040), ensuring correct passthrough income, deductions, credits, and basis considerations- Prepare FBAR (FinCEN Form 114) by accurately reporting foreign financial accounts, verifying maximum account balances, and ensuring adherence to federal reporting requirements- Assist in the preparation of Form 1120-S (S Corporation) and Form 1065 (Partnership) by gathering financial data, reviewing documentation, and supporting timely and compliant tax filing- Respond to client inquiries related to IRS and state notices, provide guidance on tax compliance, and assist in resolving discrepancies to improve client satisfaction and reduce processing delays- Prepare Form 5471 and Form 5472 for U.S. taxpayers with ownership or reportable transactions involving foreign entities, ensuring proper disclosure and complete reporting as per IRS requirements- Prepare Texas Franchise Tax Returns for multiple business entities, ensuring accurate calculation of margins, deductions, and timely state filing- Assist clients in resolving notices receive from federal and state tax departments, coordinate communication with agencies, and supportrequests for abatement of penalties and interest where applicable- Prepare and file Sales Tax Returns on a monthly and quarterly basis for various businesses, ensuring accurate reporting and adherence to state tax laws- Collaborate with clients to collect required financial information, review supporting documents, and maintain organized work papers for audit readiness and compliance

Education

• K.R. MANGALAM UNIVERSITY, GURGAON

  B.com(hons), Accounting and Finance

  2016 — 2019

• IBS Bangalore

  Master of Business Administration - MBA, Finance, General

  2019 — 2021