Position Summary
Tax Manager, Internal Federal & State Direct Tax
Overview
Deloitte Services LP includes internal support areas such as Finance and Administration, Talent, Information Technology, Marketing and Communications, and Facilities Management. This Tax Manager 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 the domestic and foreign compliance for the Deloitte US Firms' entities.
About the Team
The 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.
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Recruiting for this role ends on January 20th, 2024.
What you'll do:
As a Tax Manager, you will be responsible for analyzing and computing book-tax differences, calculating taxable income, reviewing federal partnership returns, analyzing state apportionment, state law adjustments, 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.
Primary Duties and Responsibilities:
- 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.
- 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.
- Manage 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.
- CPA, Enrolled Agent or other relevant certification.
- Five (5) + years' experience of federal and state partnership tax compliance, tax research, and tax planning in a professional services firm.
- Excellent communication skills.
- Strong knowledge of federal and state partnership tax compliance, tax research, and tax planning.
- 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.
Information for applicants with a need for accommodation: https://www2.deloitte.com/us/en/pages/careers/articles/join-deloitte-assistance-for-disabled-applicants.html
The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $93000 -171300.
You 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.
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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 diverse, equitable, and 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 ideas and perspectives, and bring more creativity and innovation to help solve our client most complex challenges. This makes Deloitte one of the most rewarding places to work. Learn more about our inclusive culture.
Our purpose
Deloitte's purpose is to make an impact that matters for our clients, our people, and in our communities. We are creating trust and confidence in a more equitable society. At Deloitte, purpose is synonymous with how we work every day. It defines who we are. We are focusing our collective efforts to advance sustainability, equity, and trust that come to life through our core commitments. Learn more about Deloitte's purpose, commitments, and impact.
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 Services LP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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: 188557