Deloitte Tax Senior (International Tax) in Chicago, Illinois
Deloitte is one of the leading professional services organizations in the United States, specializing in audit, tax, consulting and financial advisory services with clients in more than 20 industries. We provide powerful business solutions to some of the world s most well-known and respected companies, including more than 75 percent of the Fortune 100.At Deloitte, you can have a rewarding career on every level. In addition to challenging and meaningful work, you ll have the chance to give back to your community, make a positive impact on the environment, participate in a range of diversity and inclusion initiatives, and find the support, coaching, and training it takes to advance your career. Our commitment to individual choice lets you customize aspects of your career path, your educational opportunities and your benefits. And our culture of innovation means your ideas on how to improve our business and your clients will be heard.Deloitte Tax LLP seeks a Tax Senior (International Tax) in Chicago, IL. Work You ll DoAlign global effective tax rate reduction and efficient global cash utilization with overall business strategy. Help multinational clients integrate tax planning into their overall business strategy and comply with both U.S. and international regulatory requirements. Assist companies with international compliance, research, consulting and planning issues. Advise U.S. and foreign multinational companies on the tax implications of their international operations. Coordinate U.S. tax laws with foreign tax laws to develop an optimal worldwide tax strategy. Mentor and coach junior team members. #LI-DNI RequirementsBachelor's degree (or higher) in Finance, Accounting, Law, Business Administration, or related field (willing to accept foreign education equivalent).Eighteen months of experience performing tax planning, reporting and compliance for foreign multinational corporations.Experience must include eighteen months of:Preparing international tax compliance forms and informational returns, including Forms 1120F, 5471, 5472, 8865 and 8858 disclosures and statements, and preparing federal tax compliance forms including Forms 1065, 8804, and 8805 disclosures and statements;Analyzing work papers to calculate Section 861 deductions, interest expense allocation and effectively connected income (ECI) to estimate the U.S. income tax liability of foreign corporations;Advising clients on various international tax issues including subpart F, overall foreign loss, outbound transfer and inversions, and developing optimal tax structures for corporate restructuring, corporate reorganization, mergers and acquisitions;Writing tax memoranda to determine whether certain foreign entities' activities constitute a permanent establishment in the United States and what portion of income may be subject to U.S. federal income tax;Performing tax due diligence to identify tax attributes and propose optimal capital distributions to maximize foreign tax credits and reduce effective tax rates;Performing passive foreign investment company (PFIC) analysis and testing to determine appropriate filing requirements and U.S. federal income tax consequences;Reviewing proposed merger and acquisition documents and client data to identify contributions to foreign corporations and comply with Form 926 requirements;Utilizing CCH, BNA, Lexis Nexis and RIA Checkpoint to research various U.S. federal income tax issues and analyze tax rules and regulations of foreign jurisdictions;Auditing client prepared work papers, including foreign tax credit and deferred tax asset utilization capacity analysis; andDeveloping U.S. inbound tax clients from countries including but not limited to China, South Korea, and Germany, analyzing potential tax considerations for investing in the U.S., and proposing service solutions to satisfy clients' needs. 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