Deloitte US

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

Work You’ll Do

Assist clients to balance compliance details and long-term tax strategies as well as understand national, state, and local tax structures and align tax functions with business objectives. Provide day-to-day client service and serve as the gateway to a variety of specialized tax services that can help improve compliance with taxing entities while maintaining each client’s overall tax risk profile. Work closely with clients and other members of the team to understand each organization’s global goals and strategies and how industry and economic trends affect the business. Provide compliance and consulting services to corporate clients. Identify complex tax issues and provide tax analysis for a variety of entities and their affiliates. Participate in complex tax research projects for clients in diverse industries, research and analyze a wide range of tax issues related to business transactions and the tax implications of financing techniques for a variety of entities and their affiliates. Undertake tax compliance assignments for current and former executives of client corporations and partners of client organizations. Mentor and coach junior team members and escalate issues when necessary.

Requirements

• Bachelor's (or higher) degree in Accounting, Finance, Taxation or related field (willing to accept foreign education equivalent).
• Eighteen months of experience as Tax Senior or a related occupation gaining experience providing tax planning services or preparing and reviewing client work papers and tax returns.
• Experience must include eighteen months of:
  • Preparing and reviewing federal and state income tax returns, Schedule K-1s, book-to-tax reconciliations and partner equity and tax allocations for hedge funds, private equity funds, and funds of funds;
  • Utilizing tax software, including GoSystem, to prepare federal, state and local income tax returns, and calculate estimated tax and process filings;
  • Utilizing tax research tools, including BNA, CCH, and RIA Checkpoint, to provide tax compliance and consulting services to various clients;
  • Preparing quarterly estimated tax payments, and preparing schedules for federal and state income tax returns and state franchise tax;
  • Assisting clients in Internal Revenue Service and state tax examinations, responding to Information Document Requests (IDRs), and drafting memos to analyze and respond to IDRs and various tax notices;
  • Conducting tax testing and adjustments on wash sales, straddles, constructive sales, boxed position, short sales, swaps, Section 1256, Section 988, UBTI, and dividends testing;
  • Preparing waterfall calculation for private equity funds;
  • Preparing and reviewing US-based reporting of foreign operations, including Forms 5471, 8865, 926, 8621, 8858, FATCA filings, and information reporting forms, including Form 1042/1042S, and Form 1099 (series); and
  • Identifying reportable transactions and filing the appropriate Form 8886 disclosures for applicable thresholds.
• Position requires approximately 25% domestic travel.
• Salary: $77,700.00 - $144,300.00/year.