RSM - McLean, VA
posted 3 months ago
As a member of our Credits, Incentives and Methods (CIM) group, you will be responsible for providing tax consulting and advisory services around the timing of recognizing revenue, expense, capitalization, cost recovery, and inventory accounting. This role is crucial in navigating regulatory changes, tax planning, optimization, liquidity, and preparation for transactions. Your responsibilities will include conducting accounting method reviews, filing accounting method or period changes, participating in M&A structuring and diligence, writing technical advice memorandums, researching technical filing positions, and interacting broadly with both internal tax professionals and external client stakeholders. In this position, you will focus on two core concepts: your technical and quality expertise and delivering excellent client service. You will identify, manage, and conduct initial technical reviews of AMP projects, supported by Washington National Tax office (WNT) AMP specialists. This includes managing overall changes, revenue recognition, expense recognition, inventory/UNICAP/LIFO, capitalization/cost recovery, Section 174 R&E expenditures, leasing engagements, strategic method review projects, and understanding the impacts of transactions and mergers on methods. You will also manage the delivery of AMP projects, including the calculation of 481(a) adjustments, the impact on tax provisions/reserves, and IRS exam support, while overseeing teams of 2-4 professionals. Your role will require a strong understanding of financial accounting (GAAP; IFRS) and current financial accounting pronouncements. You will be responsible for researching and writing tax advice, opinion, and position memorandums, drafting and reviewing technical memoranda, legal basis disclosures, responses to IRS inquiries, and IRS Ruling requests. Additionally, you will identify and pursue AMP services for existing and prospective clients, collaborating with RSM's Growth Acceleration Teams and building relationships across teams and lines of business. Training, mentoring, and developing AMP professionals will also be a key aspect of your role.