Senior Tax Accountant, Internal Federal & State Direct Tax

Unclassified - Portland, OR

Part-time - Mid Level

Remote - Portland, OR

About the position

The Senior Tax Accountant position within Deloitte Services LP is a critical role in the internal US Firms Tax (USFT) team, which is part of the Finance and Administration group. This team is responsible for establishing tax policy for the Deloitte US Firms and ensuring compliance with both domestic and foreign tax regulations. The Federal & State Direct Tax team specifically focuses on analyzing and computing book-tax differences, calculating taxable income, and preparing various tax returns including federal partnership returns and state partnership, composite, and withholding tax returns. Additionally, the team is responsible for producing and distributing annual K-1 packages for all active and retired US Firms partners. The role requires a strong understanding of tax laws and the ability to work collaboratively with team members across different locations, including remote work and business hubs in Atlanta, Boston, Houston, and Hermitage. As a Tax Senior, you will engage in a variety of processes that include preparing and reviewing schedules and working papers for the US Firms' partnership federal, state, and local income tax returns. You will also be involved in producing and distributing annual partner K-1 packages, which include allocations of income, deductions, and separately stated items. The position requires performing tax research on federal and state tax issues, coordinating federal withholding information returns, and assisting in the analysis and calculation of estimated state tax payments. Furthermore, you will play a key role in managing tax audits and corresponding with authorities regarding audit issues and tax notices. In addition to technical tax skills, this role involves managing and retaining staff, assisting with engagement workflow management, and supervising tax consultants on assigned engagements. You will also be responsible for managing the annual partner state tax elections process and addressing partner inquiries related to their K-1 information and withholdings. The position offers an opportunity to make recommendations on business and process improvements related to US Firms tax matters, contributing to the overall efficiency and effectiveness of the tax function.

Responsibilities

• 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.
• Assist 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.

Requirements

• 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.