Deloitte Tax Senior in New York, New York
Deloitte Tax LLP seeks a Tax Senior in New York, NY.
Work You ll Do
Assist clients to balance compliance details and long-term tax strategies as well as understand national, state and local, and international tax structures and align tax functions with business objectives; provide day-to-day client service relationships 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 and individual 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, and researching and analyzing 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; assume tax-planning responsibilities for federal and individual clients; mentor and coach junior team members and escalate issues when necessary.
Bachelor's (or higher) degree (or higher) in Accounting, Finance, Taxation or related field (willing to accept foreign education equivalent).
Eighteen months of experience providing tax planning services or preparing and reviewing client work papers and tax returns.
Experience must include eighteen months of:
Preparing and reviewing PFIC (Passive Foreign Investment Corporation) statement, Form 5471, Form 926, Trust Return 1041, Form 1065, Form 1120 and Form 8865 for US investors;
Applying tax codes and regulations relating to CFC (Controlled Foreign Company), subpart F income, and derivative transactions, including TRS (total return swap), interest rate swap, and currency swaps;
Preparing taxable income calculation and phantom income reconciliation, and calculating tax basis amortization of original issuance discount, market discount and premium;
Utilizing Bloomberg terminal and LexisNexis to research and solve complex tax issues;
Utilizing tax software, including GoSystem, ProSystem, Corptax and CCH Axcess, to provide tax compliance services to clients;
Planning, performing, and reviewing partnership tax adjustments, allocations, and Schedule K-1s and tax returns for Hedge Funds, Private Equity firms, and family offices, including sidepockets, onshore, offshore, fund of fund, and master-feeder structure;
Analyzing trading activities of clients portfolios to identify proper tax treatments, including classification of dividend income, Section 988, wash sales, and return of capital basis adjustments;
Tracking and reviewing the sidepocket stand-alone basis within a partnership structure, and each partner s inside and outside basis by analyzing contributions, distributions, transfers, sales (including related party sales), and other adjustments; and
Analyzing capital allocation models in accordance with partnership agreements, including allocations of capital activity, P&L, and incentive fee calculations.
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you. at http://www2.deloitte.com/us/en/pages/careers/articles/life-at-deloitte-benefits-and-rewards.html
Deloitte s culture
Our positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. We offer well-being programs and are continuously looking for new ways to maintain a culture where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte.
Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with our clients, our people and our communities. We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte s impact on the world. at http://www2.deloitte.com/us/en/pages/careers/topics/recruiting-tips.html
We want job seekers exploring opportunities at Deloitte to feel prepared and confident. To help you with your interview, we suggest that you do your research: know some background about the organization and the business area you re applying to. We also suggest that you brush up on your behavioral and case interviewing skills and practice discussing your experience and job history with a family member, friend, or mentor. Check out recruiting tips from Deloitte professionals. at http://www2.deloitte.com/us/en/pages/careers/topics/recruiting-tips.html
As used in this document, Deloitte means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. 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.