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.

• 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

• 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.