Tax Senior
Tax Services | Business Tax
Jersey City, New Jersey, United States
Position Summary
Deloitte Tax LLP seeks a Tax Senior in Jersey City, New Jersey.
Work You’ll Do
Assist clients to balance compliance details and long-term tax strategies as well as understand national, state and local, and international tax structures and align tax functions with business objectives. Provide day-to-day client service relationships and serve as the 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. Work closely with clients and other members of the team to understand each organization’s global goals and strategies and how industry and economic trends affect the business. Provide compliance and consulting services to various clients. Identify complex tax issues and provide tax analysis for a variety of entities and their affiliates. Participate in complex tax research projects for clients in diverse industries, and research and analyze a wide range of tax issues related to business transactions and the tax implications of financing techniques for a variety of entities and their affiliates. Assume tax-planning responsibilities for clients. Mentor and coach junior team members and escalate issues when necessary. Will commute within the Jersey City, New Jersey area to perform the above job duties.
Requirements
Employer will accept a Bachelor’s degree in Accounting, Finance, Taxation, Business Administration or related field (willing to accept foreign education equivalent) and 18 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. Position requires 18 months of:
- preparing and reviewing federal, state and international informational tax forms, including Schedule K-1s, Forms 1065, 1120, 8949, 8858, 8621, 8865, 4797, 8825, and 1042 for hedge fund and private equity clients;
- utilizing tax software, including GoSystem to provide tax compliance services to clients;
- reviewing taxable income for investment partnerships, including testing securities for various book to tax adjustments (wash sales, constructive sales, straddles, short sales, IRC Section 988 transactions, and IRC Section 1256 transactions);
- utilizing tax allocation methods, including WACC (Weighted Average Cost of Capital), Revaluation, and Waterfall, to allocate profit and loss between partners;
- applying tax codes and regulations relating to CFC (Controlled Foreign Company), subpart F income, and derivative transactions, including interest rate swap, and currency swaps;
- preparing taxable income calculations and phantom income reconciliation, and calculating tax basis amortization of original issuance discount, market discount and premium;
- maintaining accurate and detailed records to help partnership, Disregarded Entity (DRE), and Passive Foreign Investment Company (PFIC) clients determine the proper filing requirements for each year;
- organizing investment income and deductions from multiple sources, including debt instruments, equity investments, and natural resources investments; and
- mentoring and coaching junior team members.
Position requires less than 10% domestic travel outside of normal commuting distance.
Other Annual Salary: $81,620.00 - $151,580.00.
Deloitte is committed to providing reasonable accommodations for people with disabilities. If you require a reasonable accommodation to participate in the recruiting process, please direct your inquiries to the Global Call Center (GCC) at USTalentCICInbox@deloitte.com.
**Recruiting tips**
From developing a stand out resume to putting your best foot forward in the interview, we want you to feel prepared and confident as you explore opportunities at Deloitte. Check out recruiting tips from Deloitte recruiters.
**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 ways of thinking, 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 [https://www.deloitte.com/us/about](https://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.
Requisition code: 328797
Job ID 328797