Senior Tax Accountant, Internal Federal & State Direct TaxOverviewDeloitte Services LP includes internal support areas such as Finance and Administration, Talent, Information Technology, Marketing and Communications, and Facilities Management. This Tax Senior role is part of our internal US Firms Tax ("USFT") team which is a subset of our Finance and Administration group. The USFT team is responsible for setting the tax policy for the Deloitte US Firms in the US and other countries where it has operations, as well as for all of the domestic and foreign compliance for the Deloitte US Firms' entities.About the TeamThe Federal & State Direct Tax team is responsible for analyzing and computing book-tax differences, calculating taxable income, preparing federal partnership returns, analyzing state apportionment, federal to state law adjustments, and preparing state partnership, composite, and withholding tax returns, and producing and distributing the annual K-1 packages for all active and retired US Firms partners. The team works remotely and from business hubs in Atlanta, GA, Boston, MA, Houston, TX, and Hermitage, TN.Job Overview & Key Relationships: As a Tax Senior, you will be responsible for preparing and computing book-tax differences, calculating taxable income, preparing and reviewing federal partnership returns, analyzing state apportionment, state law adjustments, and preparing and reviewing state partnership, composite, and withholding tax returns, and producing and distributing the annual K-1 packages. This requires involvement in various processes including federal and state return and K-1 preparation. You will also onboard, manage and retain our staff, and assist with transforming our people, processes, and technology.What you'll do:
Prepare and review schedules and working papers for the US Firms' partnership federal, state, and local income tax returns, including certain partner-related information.
Produce and distribute annual partner K-1 packages, including allocations of income, deductions, and separately stated items to US Firms partners.
Assist in the preparation of the US Firms' federal, state, and local income tax returns, including composite nonresident income tax returns and certain partner-related information.
Perform tax research as necessary regarding federal and state tax issues affecting the US Firms.
Coordinate on federal withholding information returns.
Assist in analysis and calculation of required estimated state tax payments.
Assist with federal, state, and local tax audits and correspond with authorities regarding audit issues and/or tax notices.
Prepare and review selected general ledger accounts monthly for appropriateness of state tax accruals.
Assisting with engagement workflow management and supervising tax consultants on assigned engagements.
Manage the annual partner state tax elections process and the collection of nonresident non-joiner affidavits, review per partner withholding, PET, and composite tax calculations.
Assist with partner questions regarding federal or state or local tax matters related to their K-1 information and withholdings.
Assist with implementation of any federal or state or local tax related legislation.
Make recommendations on business and process improvements related to US Firms tax matters.
Qualifications:
Required:
Bachelor's degree in Accounting/Taxation required.
Eligible for CPA or other relevant certification.
Three (3) + years of prior experience of federal and state partnership tax compliance, tax research, and tax planning.
Excellent communication skills.
Prior experience supervising tax professionals on a project or engagement basis.
Ability to train and develop staff.
Tax forecasting / planning experience.
Partner level income allocations.
Proficient in Excel.
Limited immigration sponsorship may be available
Preferred:
Advanced degree.
Experience in a professional services firm.
Information for applicants with a need for accommodation: https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.htmlYou may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.EAExpHire 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.
