TAX ACCOUNTANT I

Formosa Plastics - Livingston, NJ

Full-time - Entry Level

Livingston, NJ

1,001-5,000 employees

Chemical Manufacturing

About the position

The Tax Accountant position at Formosa Plastics Corporation involves preparing federal and state tax returns while ensuring compliance with tax laws. The role includes assisting with financial statement reports and researching opportunities to save on taxes. Responsibilities also encompass preparing quarterly excise tax returns and reconciling payments and export tax credits/refunds. The position requires accurate and timely filing of tax returns to avoid penalties, with a focus on tax data collection, analysis, and calculation.

Responsibilities

• Prepare and file Federal Corporation/Partnership Tax Returns and State Income/Franchise Tax Returns for several entities in different States.
• Resolve any technical and e-filing problems related to the tax software.
• Prepare quarterly excise tax return and claim export tax credits.
• Compile business data from each plant for tax apportionment & allocation.
• Estimate federal and state quarterly tax payments and make the payments on time to avoid any interest and late filing penalties.
• Perform annual tax provisions, true-up and tax disclosures in financial reports to ensure compliance of IAS 12 and uncertainty tax position.
• Stay up-to-date on any regulation updates to ensure tax compliance and increase the opportunities to save tax.
• File annual report for all entities.
• Maintain tax data intact in working papers and electronic files.
• Provide federal and state tax audit assistance.
• Assist tax projects as assigned.
• Perform international tax calculation, such as global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII).

Requirements

• Minimum one year of experience in accounting or taxation.
• Proficiency in Microsoft Office and Adobe Acrobat Professional.
• Good communication skills both in oral and writing.
• Familiarity with corptax and/or AS 400 is preferred.
• B.S. in Accounting or Taxation.
• CPA preferred.
• Minimal travel requirements.
• Must have regular, reliable attendance as well as the ability to work outside the regular schedule as required.

Benefits

• Excellent medical, dental, and vision insurance plans.
• Flexible spending accounts for health, dependent care.
• Short-term Disability.
• Long-term Disability.
• Group Term Life, Dependent and Supplemental Life Insurance.
• Tuition Reimbursement.
• 10 Paid Holidays.
• Paid Time Off for a balanced life (Vacation, Sick and Personal Time).
• FlexTime Available.
• Competitive salary, incentive/bonus, 401(k) plan with company match, Cash Balance, Pension Plan.