Job Description

Overview:

The 1099-K Process Expert is responsible for managing and executing all activities related to IRS Form 1099-K reporting. This includes data collection, validation, reconciliation, and submission to ensure compliance with U.S. tax regulations. The role requires strong analytical skills, attention to detail, and a deep understanding of U.S. tax laws related to payment card and third-party network transactions.




Responsibilities:

1099-K Reporting:

+ Oversee the end-to-end process of 1099-K form generation and submission. + Ensure accurate reporting of gross payment transactions for applicable vendors and merchants.
+ Coordinate with U.S. tax teams and external vendors for timely filing.

Data Management:

+ Extract and validate transaction data from ERP systems and payment platforms. + Reconcile discrepancies between internal records and third-party data sources.

Compliance & Audit:

+ Stay updated on IRS regulations and ensure compliance with current 1099-K requirements. + Prepare documentation for internal and external audits related to tax reporting.

Stakeholder Collaboration:

+ Liaise with internal departments and external stakeholders (banks, payment processors). + Provide guidance and support to teams on 1099-K related queries.

Process Improvement:

+ Identify and implement process enhancements to improve accuracy and efficiency. + Develop SOPs and training materials for the 1099-K process


Qualifications:
Bachelor's degree in Finance, Accounting, or related field (CPA or equivalent preferred). 5+ years of experience in U.S. tax reporting, specifically 1099-K. Strong knowledge of IRS regulations and tax compliance. Experience working in a Shared Service Center or multinational environment. Proficiency in Excel, ERP systems (Oracle) and Tax - OneSource Excellent communication and analytical skills.

Preferred Skills:

Familiarity with other 1099 forms (e.g., 1099-MISC, 1099-NEC). Experience with automation tools and data analytics platforms. * Ability to manage multiple deadlines and work under pressure.