Position Summary

Deloitte Tax LLP seeks a Tax Senior in Chicago, IL.

Work You'll Do

Align global effective tax rate reduction and efficient global cash utilization with overall business strategy. Help multinational clients integrate tax planning into their overall business strategy and comply with both U.S. and international regulatory requirements. Assist companies with international compliance, research, consulting and planning issues. Advise U.S. and foreign multinational companies on the tax implications of their international operations. Coordinate U.S. tax laws with foreign tax laws to develop an optimal worldwide tax strategy. Mentor and coach junior team members.

Requirements

• Bachelor's (or higher) degree in Finance, Accounting, Law, Business Administration or related field (willing to accept foreign education equivalent).
• Eighteen months as Tax Senior or related occupation gaining experience performing tax planning, reporting and compliance for U.S. multinational corporations, partnerships and high net worth individuals.
• Experience must include eighteen months of
• Preparing work papers and international tax compliance forms and informational returns, including Forms 1120F, 5471, 5472, 8865, 8858, and 1118 disclosures and statements, and preparing federal tax compliance forms, including Forms 1065, 8804, and 8805 disclosures and statements;
• Advising clients on various international tax issues, including subpart F, global intangible low-taxed income (GILTI), base erosion and anti-abuse tax (BEAT), overall foreign loss, and outbound transfers, and developing optimal tax structures for corporate restructuring, corporate reorganizations, and mergers and acquisitions;
• Assisting with drafting tax memoranda to address tax technical analyses, including determining whether certain foreign entities' activities constitute a permanent establishment in the United States and what portion of income may be subject to U.S. federal income tax;
• Performing controlled foreign corporation (CFC) analysis and passive foreign investment company (PFIC) testing to determine appropriate filing requirements and U.S. federal income tax consequences;
• Reviewing transaction documents and client data to identify contributions to foreign corporations in compliance with Form 926 requirements;
• Utilizing Corptax, LexisNexis, CCH, BNA, and RIA Checkpoint to research various U.S. federal income tax issues and analyze tax rules and regulations of foreign jurisdictions;
• Analyzing work papers to calculate foreign-derived intangible income (FDII), Section 861 deductions, interest expense allocation and effectively connected income (ECI) to estimate the U.S. income tax liability of both U.S. and foreign corporations;
• Reviewing client prepared work papers, including earnings and profits, foreign income inclusions, foreign tax credit analyses, and deferred tax asset utilization capacity analyses;
• Assisting audit teams in reviewing international tax-related calculations and disclosures, performing risk assessments, and preparing audit documentation; and
• Mentoring and coaching junior team members.
• Position requires approximately 50% domestic travel.
• Salary: $78,960.00 - $146,640.00/year