Position Summary
Deloitte Tax LLP seeks a Tax Senior in Los Angeles, California.
Work You'll Do
Provide tax consulting services to corporate clients. Identify complex tax issues and provide tax analysis for a variety of entities and their affiliates. Assist clients to balance compliance details and long-term tax strategies as well as understand national and state tax structures and align tax functions with business objectives. Provide day-to-day client service relationships and service 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. Under the supervision of Tax Managers, oversee tax consulting projects for clients in diverse industries. 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, track and complete open items relating to assigned areas, meet client deadlines, and contribute to the successful completion of projects. Actively participate in engagement planning. Mentor and coach junior team members and escalate issues when necessary.
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Requirements
Bachelor's (or higher) degree in accounting or related field (willing to accept foreign education equivalent) plus eighteen months of experience 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 eighteen months of:
1. providing tax planning and drafting Form 3115, Application for Change in Accounting Method, for C-corporations and partnerships and performing tax analysis for profit and loss statements, balance sheets, trial balance reports, fixed asset ledgers, and federal income tax returns;
2.utilizing tax research tools, including BNA, CCH, and RIA Checkpoint, to provide tax compliance and consulting services to various clients;
3. reviewing client information, including federal income tax returns, annual reports (Form 10-K), trial balances, schedules of cumulative deferred taxes, and tax fixed asset ledgers, to understand the client's current tax position and help develop and implement tax planning strategies;
4. assisting clients with federal tax planning opportunities, focusing on current capitalization methodologies and accounting periods and methods to pursue cash flow savings;
5. developing financial models in Excel based on existing tax laws and client facts to calculate the tax benefits of adopting a certain accounting method;
6. assisting with the preparation of engagement letters, work plans and budgets associated with client engagements and preparing procedural and technical memoranda documenting and supporting tax positions and adjustments calculated;
7. preparing ancillary tax forms to the federal income tax return, including for capitalization election, depreciation elections, and safe harbor election;
8. performing strategic tax reviews including fixed assets reviews, accounting method reviews, and limitation on business interest planning under IRC 163(j), and calculating interest expense capitalizable in inventory and capital projects under I.R.C. §§ 163(j), 263(A), and 266;
9. adjusting book inventory attributes to tax inventory attributes to calculate tax basis inventory and Schedule M adjustments and reconciling tax attributes including net operating losses and tax credits, and calculating carrybacks and carry forwards of said attributes; and
10. identifying mixed service and production departments, and the corresponding trial balance accounts, under I.R.C. § 263A and calculate mixed service costs capitalized in a year for tax return purposes.
Position requires 20% domestic travel.
Other
Hours: M-F, 40 hours/week;
Annual Salary: $81,620.00 - $151,580.00
If offered employment, must have legal right to work in U.S. EOE, including disability/veterans.
Recruiting tips
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Benefits
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.
Our people and culture
Our inclusive culture empowers our people to be who they are, contribute their unique perspectives, and make a difference individually and collectively. It enables us to leverage different ideas and perspectives, and bring more creativity and innovation to help solve our clients' most complex challenges. This makes Deloitte one of the most rewarding places to work.
Our purpose
Deloitte's purpose is to make an impact that matters for our people, clients, and communities. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. Our purpose comes through in our work with clients that enables impact and value in their organizations, as well as through our own investments, commitments, and actions across areas that help drive positive outcomes for our communities. Learn more.
Professional development
From entry-level employees to senior leaders, we believe there's always room to learn. We offer opportunities to build new skills, take on leadership opportunities and connect and grow through mentorship. From on-the-job learning experiences to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.
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.
Qualified applicants with criminal histories, including arrest or conviction records, will be considered for employment in accordance with the requirements of applicable state and local laws, including the Los Angeles County Fair Chance Ordinance for Employers, City of Los Angeles's Fair Chance Initiative for Hiring Ordinance, San Francisco Fair Chance Ordinance, and the California Fair Chance Act. See notices of various fair chance hiring and ban-the-box laws where available. Fair Chance Hiring and Ban-the-Box Notices | Deloitte US Careers
Requisition code: 304473
Job ID 304473