Gajendra Swarnkar

• - Extensive experience in preparing and reviewing Partnership Tax Returns (Form 1065), including entities with complex partner changes, multiple partners joining or leaving, and special allocations for partners with deficit capital balances.
• - Prepared and reviewed Corporate (1120, 1120S), S-Corp, and Individual (1040) tax returns, with emphasis on rental property income, proprietorships, and multiple Schedule E properties.
• - Managed real estate partnership reporting, including Form 8825, ensuring accurate reporting of rental income, expenses, and allocations among partners.
• - Prepared Schedule K-1s for partners, detailing income, deductions, credits, and allocations for both operating and real estate partnerships.
• - Experienced in Forms 8990 (Business Interest Limitation), 163(j), and 3115 (Change in Accounting Method), ensuring compliance and optimizing tax outcomes.
• - Prepared and reviewed work papers, AJEs (cash conversions, retained earnings, tax adjustments, intercompany eliminations), RJE & TJE entries, and reconciliations of M-1, M-2, and M-3 for partnership and real estate entities.
• - Conducted balance sheet verification for payroll, bank, credit card, and line-of-credit accounts; reviewed financial statements and two-year comparisons to identify variances in real estate activities and deductions.
• - Performed year-end adjustments, including provisions, depreciation, accruals, reversal of prepaid income/expenses, and real estate-specific allocations for tax purposes.
• - Organized and annotated work papers in SurePrep, providing clear assumptions and comments to facilitate review and streamline preparation.
• - Coordinated with seniors on open points and queries, tracked resolutions, and ensured clearance of electronic diagnostics and warnings before final submission.
• - Prepared consolidated returns and projections for real estate partnerships, including AJEs to consolidate balances and eliminate intercompany transactions, and projections in Bloomberg Tax for planning purposes.
• - Reviewed subordinates’ work, verifying accuracy of data inputs, calculations, and procedures, ensuring audit readiness and complete reporting for real estate partnerships.
• - State tax experience: prepared state modifications, calculated depreciation adjustments, and applied PTET (Pass-Through Entity Tax) credits, ensuring compliance with state-specific tax rules for partnerships and real estate entities.
• Other form like 1031 Exchange Transaction, 8936 Clean vehicle credit, 6765 Credit for Increasing Research Activities.

Accounting -

• Prepare monthly financial statements for clients in the hotel industry.
• Prepare annual financial statements including year-end adjustments.
• Perform monthly bookkeeping using QuickBooks Online and Sage Intacct.
• Record and manage vendor bills using Bill.com.
• Record revenue entries in DRR and maintain accurate revenue records.
• Post year-end journal entries, including adjustments and reclassification entries.
• Ensure accuracy and completeness of financial records for monthly and annual reporting.

• Gained exposure to the statutory audit of various listed and unlisted companies operating in textiles, pharmaceuticals, engineering, manufacturing, chemicals, media, and newsprint, as well as India’s top management institutes and educational institutes.
• Conducted GST audit of numerous companies.
• Exposure in key audit processes, such as revenue, payroll, purchase, etc. Including salary and scholarship audit assignments.
• Engaged as a key team member in internal audit assignments of NBFCs, agriculture-allied NGOs, and trusts.
• Good knowledge about various tax audit assignments and income tax returns for businesses and individuals.
• Awarded 'Good Performer of the Year 2020-21.