Sunil Kumar Somashekar Email & Phone Number

Texas, United States

Oakville, Ontario, Canada

Ottawa, Ontario, Canada

Burlington, Ontario, Canada

• Prepared, Reviewed & successfully filed 250+ US & Canadian Individual tax returns and US corporate, estate, and trust tax returns.• Specialized in preparation of complex tax forms such as Estate tax return Form 706/706-NA, Form 1041, Form 5471, Form 3520/3520-A, reporting of PFIC’s on F8621 and streamlined filing for delinquent clients.• Participated in special projects such as shadow payroll calculation, preparation of Form T1213 for reduced tax deductions, preparation of Form 8854 for the renouncement of US Citizenship, application for withholding certificate Form 8288-B, Sales tax assessment and publishing of US & Cross border tax-related articles.• Optimum use of allocated funds to Effectively commit resources of staff, funds, and time to incorporate new tax software for profit maximization. Excelled in training, leading, and motivating tax staff, IT & upper management to adapt and be well-versed with the change in software.• Demonstrated effectiveness in analyzing current procedures and successfully developed US tax checklist(s) for higher efficiency to assist in exceptional client service.• Identified new business opportunities during interaction with the client and utilize third-party software to prepare Form 1099 resulting in multiple client referrals and injection of additional income to the firm.

Toronto, Canada Area

• Prepared, Reviewed & successfully filed 150+ US & Canadian tax returns: Form 1040, 1040-NR, 1040-DS, FBAR, F8938, F2848, F1116, F2555, F3520, F8288, F5471, T1013, T1, T2125, T776 in tax busy season.• Assisted in detailed foreign tax credit calculation especially on cross-border tax return(s). • Involved in a mainly client-facing role conducting tax briefings for the clients. Provided external research and analysis necessary to help develop and support ongoing client engagements. • Handled federal and state tax notices, OOS requests, client database, and payment requests for clients.• Facilitated the complete tax return process right from answering client calls, creating engagement letters, providing tax advice, billing, and providing payment and filing instructions.• Well versed with Ultra Tax, TaxPrep, Bill Quick, Client Track, Trello software to facilitate the tax return process.

Bangalore

• Review of VIP, VVIP and Executive segment of individual tax returns which include complex tax forms and multiple state filings.• Manage & delegate staff level roles to achieve filing deadlines.• Client Projects• Hypothetical calculations• Split Liability calculations• Spousal allocation calculations• Local Hire calculations• Estimated tax calculations• Analysis of client reports and internal financial report tracking• Gross ups calculation• Resolution of IRS audits• Resolution of State audits• Research federal & state tax issues• Research international tax issues• Resolution of federal & state tax notices • Weekly / biweekly client interaction• Client correspondence & billing• Foreign office interactions.• Scheduling & budgeting of projects• Refund tracking involving IRS interactions.• Hypothetical Computation – with or without calculation (Hypo/Non hypo Income).• Gross up Calculation detailing federal, state and local withholding.• Train team members on client process and updates• Train new hires on client specifications and work policies.