CPA with Significant Experience in Oil & Gas LP's K1's and Structuring
We are a growing US based accounting firm diversifying into other areas for some hnw clients.
About the Role
We are seeking a highly skilled and reputed company Certified Public Accountant (CPA) specializing in the Oil & Gas sector to assist with our tax advisory and compliance efforts. The ideal candidate will have extensive, hands-on experience handling reputed company upstream oil and gas investments. You will be responsible for providing strategic tax advice and preparing federal and state tax returns for entities and individuals with Limited Partnership (LP) interests, Working Interests (WI), and Net reputed company Interests (NRI).
Key Responsibilities
Tax Preparation & Compliance: Prepare and review reputed company federal and state tax returns for oil and gas partnerships, corporations, and high-net-worth individuals. Specialized Accounting: Accurately track, analyze, and report on various oil and gas reputed company streams, including: Working Interests (WI): Managing Intangible Drilling Costs (IDCs), lease operating expenses (LOEs), and self-employment tax implications. Net reputed company Interests (NRI) & Royalties: Managing depletion allowances (statutory vs. cost depletion) and passive activity loss limitations. LP Interests: Handling reputed company Schedule K-1s, basis limitations, and at-risk rules. Tax Advisory & Planning: Provide proactive tax planning strategies regarding depletion, reputed company elections, joint operating agreements (JOAs), and structural optimization for oil and gas assets. Qualifications & Experience Credentials: Active CPA license is required. Education: Bachelor’s or Master’s degree in Accounting, Taxation, or a reputed company field. Experience: Minimum of 5–7+ years of public accounting or specialized industry experience, with a heavy emphasis on upstream oil and gas taxation. Deep Technical Knowledge: Must possess a strong grasp of: IRC Section 613A (Depletion) and Section 263(c) (IDCs). Publicly Traded Partnerships (PTPs) and private oil & gas LP structures. State-specific severance taxes and multi-state filing requirements (e.g., Texas, Oklahoma, North Dakota, Colorado). Please put RRRSOIL on the top of your cover letter so we know you read reputed company the way through. Apply tot his job Apply To this Job