Patricia Tracy Email & Phone Number

Washington DC-Baltimore Area

We assist individuals and businesses virtually with their accounting, bookkeeping, payroll, & income tax return filing needs. We have over 18 years of experience in industry & public accounting that we leverage to best serve our client's needs.

Washington, District Of Columbia, United States

Reviewed M-3 adjustments for the Federal Income Tax Return.Develop and document tax requirements for the new tax amortization engine for the retained portfolio.

Washington D.C. Metro Area

Manage the firm’s tax departmentLead and mentor tax department team consisting of both employees & independent contractorsPrepare and review individual, corporate, S-corporation, & partnership federal & state income tax returnsResponsible for establishing Standard Operating Procedures for tax department

Winchester, Virginia

Managed all areas of the company’s corporate tax departmentLead and mentored a team of three accountantsReviewed & prepare federal & state income tax returnsReview & approve month/quarter-end journal entriesPrepare monthly schedules related to current income tax expensePrepare quarterly & year-end income tax provision schedulesPrepare quarterly & year-end.

Reston, VA

Prepare monthly schedules related to current income tax expense and Fin18.Prepare quarterly and year-end income tax provision schedules related to ASC718, Deferred and Current tax expensePrepare quarterly and year-end related tax footnotes for the 10Q/10K filings. Perform internal control testing related to tax processes.Prepare monthly and quarterly.

Mclean, VA

Provide tax compliance and advisory services to clients from Fortune 100 to emerging businesses related to investment vehicles such as REMICS

Prepare Individual and Small Business Tax Returns Assist tax payers with tax planning and researchBookkeeping for small business

Prepare and record month-end & year-end journal entriesPrepare monthly bank reconciliation Prepare trade account reconciliationPrepare bi-weekly payroll checks and ensure all Federal & State payroll deposits are done timelyPrepare Quarterly and Year-end Payroll reportsPrepare monthly Sales & Use Tax returnPrepare required property tax returnsWork with.

Prepared Compilation reports for monthly, quarterly and year-end clients Prepared Tax returns for Corporations, S-Corporation, Partnerships, and Exempt OrganizationsPrepared personal property tax returns for clientsPrepared Quarterly and Year-end Payroll reports and forms for clientsAssisted with preparation of Individual Extension payments Assisted.

Corporate Tax DepartmentFAS109 Income Tax ProvisionPrepare Book-Tax (M-3s) difference by analyzing data obtained from other departmentsAnalyze impact of net operating losses related to Federal & State Income Taxes Ensure work papers meet Sarbanes-Oxley regulationsParticipate in Sarbanes-Oxley Reviews done by Internal Audit.Work closely with external.

Performing Loans AccountingManage a staff of five for the Performing Loans Accounting GroupResponsible for reviewing and approving account reconciliations, journal entries and other deliverables prior to review with upper managementEnsure monthly accounting close deadlines are metDevelop and maintain Sarbanes-Oxley documentation for groupWork closely with.

Performing Loans AccountingChange ManagementResponded to Operational Risk Assessments for new products/programs impacting Performing LoansInteracted with automation teams to ensure Performing Loans build and test requirements were met before implementation of new products/programsAccounting FunctionPrepared Bank Reconciliation, Account Reconciliation.

Corporate TaxReviewed and prepared tax files impacting Freddie Mac's corporate tax return.Researched outstanding issues and procedural changes Prepared and reviewed files to verify the Tax Accounting System provided accurate dataResearched and corrected discrepancies in the TAS.Assisted in training new staff on Tax Department procedures such as file.

CompliancePrepared and reviewed quarterly, extension and annual Tax M-1's for use in Federal Tax payment calculations and Federal Tax ReturnResearched and resolved discrepancies in the Tax Accounting SystemSales & Use TaxPrepared State Sales and Use tax files and returns.Responsible for making prompt payments of sales tax owed by Freddie Mac.Aided in.

Master Of Accounting And Information Systems, Taxation

Activities and Societies: Zeta Tau Alpha

B.S, Accounting

Activities and Societies: Zeta Tau Alpha

Education record