Samson Phynny

About Samson Phynny

As an enrolled agent and having knowledge on US individual and business taxation (1040,1065,1120,1120S,990 etc) iam looking for an opportunity to utilise my skills and knowledge.

Experience

1. Staff Tax Accountant

   PwC Acceleration Center India

   Oct 2023 — Present

   A shared service center specializing in tax preparation and compliance servicesPrepared capital accounting work papers for 1065 partnership tax returns for hedge funds, ensuring accurate federal tax reporting.Developed skills in distribution calculations, gain computations, and K-2/K-3 reporting for tax compliance.Reconciled client financials with 1099 and broker statement information to find and ensure the hidden information in financials were entered correctly in the workpapers, and to establish knowledge in FOF.Conducted Section 1061 testing to differentiate between long-term and short-term capital gains within carried interest allocations, applying the three-year holding requirement for preferential tax treatment.Section: 1256 Contracts & Wash Sales Testing.Analyzed financial reports, focusing on assets and Unrealized gain/loss and demonstrated proficiency in schedule M-1, M-2 & M-3 reconciliations.Reviewed basic tax return engagements for accuracy and adherence to laws. Analyzed business transactions for tax implications and optimization opportunities.Prepared a handful of 1040 and 1041 tax returns.Joining the meetings with engagement team for discussing issues and questions regarding the pending clients and clearing review comments.Helping the management by joining the interview panel, interviewing the candidates, and training the newly joined staff.