Tax Senior

Position Summary

Deloitte Tax LLP seeks a Tax Senior in Morristown, New Jersey.

Work You'll Do
Assist companies with federal, state and international tax structures and align the tax function with business objectives. Assist with tax planning opportunity identification, implementing tax planning projects, providing tax research and analysis for clients, and keeping up-to-date on current tax practices and technical issues. Under the supervision of Tax Managers and Senior Managers, assist with tax consulting projects for clients in diverse industries, including: Life Events for Partnerships (formations, terminations, mergers); Inside and Outside Basis Computations; and Section 704(c) and 743(b) Computations. Develop client service relationships and facilitate specialized Deloitte tax services to improve compliance with taxing entities while maintaining each client's overall tax risk profile. Apply federal tax compliance principles and work closely with clients as well as the Deloitte tax team to further clients' global goals and strategies and align them with industry and economic trends. Review client-prepared equity allocations, prepare book-to-tax reconciliation, and create taxable income allocations. Prepare quarterly estimated tax payments for partnerships and corporations, and prepare schedules for federal and state income tax returns. Review federal, state and international informational tax forms, including Schedule K-1s, Forms 1065, 1120, 8082, 8621, 8865, 1042, 8804, and 5471 for corporate and private equity clients, to provide accurate tax positions. Assist clients with schedule K-1 preparation. Collaborate with clients to assist, design, and streamline their tax compliance processes, including partnership-specific tax calculations, allocations through tiered partnership structures, and Schedule K-1 preparation. Mentor and coach junior team members. Apply the intricacies of tax regulations and their relationship to business. Prepare K-1 footnotes to disclose additional information on foreign reporting and special treatment of items reported. Prepare tax returns and keeping up-to-date on current tax practices and technical issues. Prepare workpapers and any support documents. Utilize tax software, including GoSystem, Corptax, and Superforms, to provide tax compliance and consulting services to various clients. Will commute within the Morristown, NJ area to consult with clients regarding the above job duties.

Requirements

• Bachelor (or higher) degree in Accounting, Taxation, Finance, Law, or related field (willing to accept foreign education equivalent).
• Eighteen months as Tax Senior or related occupation gaining experience providing tax planning services or preparing and reviewing client work papers and tax returns.
• Position requires eighteen months of experience in the following:

• preparing quarterly estimated tax payments for partnerships and corporations, and preparing schedules for federal and state income tax returns;
• reviewing client-prepared equity allocations, preparing book-to-tax reconciliation, and creating taxable income allocations;
• preparing K-1 footnotes to disclose additional information on foreign reporting and special treatment of items reported;
• assisting clients with schedule K-1 processing;
• utilizing tax software, including GoSystem, Corptax, and Superforms, to provide tax compliance and consulting services to various clients; and
• utilizing tax research tools, including BNA, CCH, and RIA Checkpoint, to provide tax compliance and consulting services to various clients.

• Less than 10% domestic travel outside of normal commuting distance.