Tax Senior

Tax | Business Tax Services

New York, New York, United States

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Position Summary

Deloitte Tax LLP seeks a Tax Senior in New York, New York.

Work You’ll Do

Assist companies with national, state and local and international tax compliance and align the tax function with business objectives. Assist clients with fundamental tax planning and analysis, work to understand company-specific business and tax issues. Under the supervision of Tax Managers, oversee tax consulting projects for clients in diverse industries. Research and analyze a wide range of tax issues encountered on engagements. Assume tax-planning responsibilities for our federal clients and assist with the supervision of assignments. Assist with tax planning opportunity identification, implementing tax planning projects, providing tax research and analysis for clients in diverse industries, and keeping up-to-date on current tax practices and technical issues. Develop a working knowledge of the client's business and tax systems, take responsibility for clearing open items relating to assigned areas, meeting client deadlines, and contribute to the successful completion of projects. Mentor and coach junior team members and escalate issues when necessary. Actively participate in engagement planning.

Requirements

  • Bachelor's (or higher) degree in Accounting, Finance, Taxation or related field (willing to accept foreign education equivalent).
  • Eighteen months as a Tax Senior or related occupation gaining experience providing tax planning services or preparing and reviewing client work papers and tax returns
  • Experience must include one year of:
    • preparing and reviewing federal and state tax estimate payments, PFIC (Passive Foreign Investment Corporation) statement, Form 5471, Form 926, Trust Return 1041, Form 1065, Form 1120, Form 1120F, Form 8865, and multi-state tax returns, including composite and withholding returns, for partnerships, C corporations, and foreign corporations;
    • preparing and reviewing partnership allocations, tax basis schedules, K-1/K-3s, multi-state K-1s, and withholding/composite schedules for investors;
    • preparing tax-basis financial statements for private equity based on client provided financial data and making book-to-tax adjustments including constructive sale, Section 988, Section 987, and market discounts;
    • preparing and reviewing taxable income calculation, including analyzing for tax adjustments related to unrealized gain/loss, installment sale, OID, investment disposition for private equity, and fund of funds;
    • analyzing client investment activities and identifying tax implications related to UBTI, ECI, FDAP, reportable transactions, and PFIC investments to determine necessary K‐1 footnotes to include for investors;
    • evaluating clients’ fund structure and M&A projects to determine filings of Forms, including Form 926, 8886, 8865, 5471, 1042, 8804, 8621, and 5471, and applying tax codes and regulations relating to CFC (Controlled Foreign Company) and subpart F income;
    • utilizing tax software including GoSystem and CCH Axcess to provide tax compliance services to clients and Bloomberg and CCH to research and solve complex tax issues for private equity and fund of funds;
    • preparing and responding to tax notices and correspondence from IRS and various State tax authorities; and
    • utilizing Microsoft Office programs, including Word, Outlook and PowerPoint, and analyzing large datasets in Excel.
  • Salary: $77,700.00 - $144,300.00/year
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As used in this posting, "Deloitte" means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

Requisition code: 197871

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