Tax Senior

Deloitte Tax LLP seeks a Tax Senior in Hartford, Connecticut.

Work You’ll Do
Assist clients with fundamental tax planning and analysis. Work to understand company-specific business and tax issues and work with the company to optimize its tax position to identify and mitigate risk areas. Assist clients in streamlining their tax compliance process, especially in the area of partnership specific tax calculations and Schedule K-1 preparation. Assist clients in various industries with: Life Events for Partnerships (formations, terminations, mergers); Inside and Outside Basis Computations; Section 704(c) and 743(b) Computations; Schedule K-1 processing; and development of custom technology solutions to streamline the compliance process. 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. Mentor and coach junior team members.

Requirements
Bachelor's (or higher) degree in Accounting, Taxation, Finance, 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 18 months of:

• preparing and reviewing PFIC (Passive Foreign Investment Corporation) statement, Form 5471, Form 1065, Form 1120, Form 1120 REIT, 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, Corptax, K-1G, iPACS, Sage Fixed Asset Software, and Superforms to provide tax compliance services to clients;
• performing complex partnership computations, including IRC 704(c) computations, basis adjustment computations under IRC 743(b), and calculations of IRC 704(b) capital accounts;
• collaborating with clients to assist, design, and streamline their tax compliance processes, including partnership-specific tax calculations, allocations through tiered partnership structures, and assisting clients with schedule K-1 processing;
• preparing for e-filing, including QAR activities, closing projects and archiving documents; and
• coordinating engagements and mentoring junior staff to ensure quality and efficiency of deliverables.

Other
Hours: M-F, 40 hours/week;

If offered employment, must have legal right to work in U.S. EOE, including disability/veterans.