Swetha Kovuru

• Rental and Real estate development - Form1065 :Proficient in the preparation and review of US Partnership tax returns form 1065 for real estate clients includes real estate developers , rental services for residential and commercial properties.
• Preparation and review of book to tax adjustments (Schedule M-1 & Schedule M-3) and K-1's of the partners and lower tier entities/ pass through entities and K-2 & K-3 of partners.
• Worked on the various forms of 1065 such as 8825, 4562, 8949 and on basic level tax returns of form1120S for S-Corporations, 1042-S.
• Acquired good knowledge of concepts of IRS such as 163(j), depreciation, 199a reporting, basis calculations u/s 754.
• Strived to deliver the timely and good quality of returns using tax software's efficiently.
• Delivered the presentation on concepts of US taxation and trained the new hires during the non-busy season.

• Practicing as Indian Income tax consultant : Rendered services such as Book-keeping, reconciliation of bank statements, tax planning, preparation and review of financial statements and filling Income tax returns of Individuals and partnerships.
• Reduced clients tax liabilities by implementing effective tax planning strategies tailored to individual circumstances.
• Provided clear explanations of tax concepts to clients, fostering trust helps in maintaining and retaining the good client relationship.

Audit of various entities in diverse sectors such as Real estate developers, Hospitality and Sole proprietor.
• Statutory audit-Sampling, Vouching, Verification and Trend analysis of expenses with previous quarter to find out deviation.
• Analysis and review of financial statements and preparation of forecasted financial statements for estimation of Advance tax.
• Direct tax and Indirect tax (GST)- Compliance of provisions of Income tax act, computation of Income tax and filing of Income tax returns of Individuals and partnership firms.
• Provided TDS, Depreciation calculations for various clients as per Income tax act.