JOB DESCRIPTION

The U.S. State and Local Tax Specialist supports activities and projects related to Pension Plan Partnership Returns and State Income Tax Quarterly Estimates and Extensions, with local and regional supervision

RESPONSIBILITIES

State & Local Quarterly Estimated Tax Payments (Q1, Q2, Q3, & Q4/Extensions)

• As part of the State & Local Tax global team, the GBS Mexico team members will prepare initial draft of estimated state/local income tax payment workbook for each fiscal quarter within 14 days of jurisdiction's payment due date for the applicable quarter. Tasks include:
• Rolling over workbook from prior year/quarter
• Analyze estimated federal taxable income from federal/tax accounting forecasts
• Analyze state adjustment items (e.g., depreciation expense, interest/royalty income and expense, non-US income/expense) with current year information, as available, or use prior-year filed return
• Analyze state apportionment data for current year/ adjustments to prior-year filed return for changes in tax profile
• Estimate available attributes and carryovers (NOL, tax credits, overpayments) or profile updates due to audits
• Research to confirm and apply current tax rates and rules
• Review and summarize prior quarter payments to determine needed current quarter payment; prepare and recommend payment amount for subject matter expert review
• Prepare payment check request documentation & submit for Ford manager approval
• Retain payment approval tracking and documentation
• Confirm payment completed and upload documentation
• Execute electronic filing of estimated payment vouchers
• Utilize Corp Tax for electronic filings
• Facilitate mailing of paper filings
• Electronic filing of Extension requests & associated payments
• Monitor online accounts for notices and proof of payment documentation
• Maintain and upload documentation to tax record retention and workflow tools for all work product (Thompson Reuters OneSource Workflow Manager)

• Bachelor's degree in Finance or related fields
• Staffing experience level required: entry level to 2-3 years state/local or other tax experience
• Skillset & systems used: Excel, Thompson Reuters OWM workflows & fileroom, CORPTAX

• Accounting
• Tax
• Legal
• English proficiency (verbal and written) for business interactions