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 manage state tax liability and such challenges as states with unique tax laws, the enforcement focus of state departments of revenue, the growing number of audits, and increased merger and acquisition activity. Services include business restructuring, credits and incentives, sales and use tax, sales and use tax outsourcing, state income and franchise tax, state strategic tax review, and state tax controversy. 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. Primary responsibilities include overseeing complex tax research projects for clients in diverse industries as well as researching and analyzing a wide range of tax issues such as deferred tax liability issues and 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 corporate and individual clients.
Bachelor's (or higher) degree in Taxation, Accounting, Finance, or related field (willing to accept foreign education equivalent).
Eighteen months of experience preparing and reviewing tax returns, estimates, and extensions for corporations, partnerships, nonprofits, or high-net wealth individuals in multistate jurisdictions.
Experience must include eighteen months of:
Reviewing tax returns, including individual income tax returns (1040 and applicable state returns) for high-net-worth families;
Preparing tax work papers to analyze sales of investments in PTPs, adjustments to basis, and recapture of ordinary income to ensure proper recognition of capital gains;
Performing bank and investment reconciliations for investment entities, calculating schedule M-1&M-3 adjustments, and preparing federal and state returns for corporations (1120, 1120S) and partnerships (1065);
Preparing fiduciary tax returns (1041, IT-205, 706), computing trusts DNI under 643(a), and calculating trust distributions to ensure proper allocation of income to achieve minimizing the total income tax liability of the family unit;
Coordinating with clients on collecting raw data and preparing books & records for audit team to issue financial statements and preparing tax returns (990PF and CHAR500) for 501(c)(3) Private foundations with multi-million worth of assets and investments or corporations and partnerships;
Analyzing K1s and calculating outside basis, at-risk basis limitation, and passive income limitation;
Preparing income tax planning and projections for high-net-worth families, corporations or partnerships with multiple state scenarios using BNA Income tax planner;
Utilizing tax research tools, including CCH, RIA Checkpoint, BNA, or LexisNexis, to research complex tax issues relating to tax law changes, regulations, or tax cases; and
Utilizing tax preparation software, including Corptax, GoSystem, ProSystem, ONESOURCE, or BNA Interactive Forms (formerly known as SuperForms), to prepare corporate and partnership state and local tax returns.
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