Tax Senior

Position Summary

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

Work You'll Do
Perform detailed reviews of reporting data, tax form validations, notifications and other FATCA, CRS, Chapter 3 and 61 requirements. Prepare the form 1042-S/1042 template during the reporting season. Provide advisory services to financial institutions on the areas of FATCA, CRS, Chapter 3 and Chapter 61 of the Internal Revenue Code (1042/1042-S and 1099 reporting), Withholding Partnership rules, Qualified Intermediaries, and other global information reporting and withholding regimes. Prepare the FATCA/CRS reporting template during the reporting season. Perform and inspect the E-File process for the clients during the tax reporting season. Participate in preparing the engagement letter and work orders. Participate in trainings and educate tax consultants.

Requirements

• Bachelor's (or higher) degree in Accounting, Taxation, Finance, Law or related field (willing to accept foreign education equivalent)

• Eighteen months of experience as a Tax Senior or related occupation providing tax planning services or preparing and reviewing client work papers and tax returns

• Position requires eighteen months of experience in the following:

• performing entity classification, registration, and reporting on foreign jurisdictional portals;

• analyzing clients' systems to identify gaps and provide solutions in information gathering and other processes necessary for reporting under the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS);

• preparing IRS annual tax filings, including form 1042, 1042S, 8804, 8805, and 1099;

• monitoring FATCA and CRS regulations to identify changes issued by the global jurisdictions, and assisting clients with new reporting requirements to determine global impacts;

• utilizing tax software, including 1099-Pro, to provide tax compliance and consulting services to clients, and research and solve complex tax issues;

• performing detailed technical review and form validation of W-services self-certifications and related sub-documentation;

• researching foreign tax legislation to analyze differences and provide summary to clients, drafting CRS/FATCA policies and procedures, write-ups on OECD, and IRS new releases, and analyzing and classifying CRS/FATCA-related regulations released by jurisdictions around the world;

• conducting working sessions with clients' businesses leads to assist with information reporting activities across the organizations through gathering tax onboarding, withholding and reporting procedures information, and performing gap analysis with the proposed tax implementation policy guidelines;

• preparing deliverables using Microsoft Office Excel, PowerPoint, Project Manager and Visio to fully support clients with their strategic metrics exercises to mitigate the tax risk and drive overall operational efficiency to tax reporting processes; and

• mentoring and coaching junior team members.