Manager, Internal Tax (Partner Tax Matters)

Company: Deloitte
Location: Birmingham
Posted on: May 25, 2023

Job Description:

Manager, Internal Tax (Partner Tax Matters)


This Tax Manager is part of our internal Firm Taxes team that sits in our Finance & Administration group. The internal Firm Taxes team is responsible for setting the tax policy for the US Firms in the US and other countries where it has operations. We organize and facilitate meetings, steering committees, and support US Firms leadership and our partners and principals, directly and indirectly. This team works remotely and from business hubs in Hermitage TN, New York NY, and Boston MA.


Job Overview & Key Relationships:


As a Partner Tax Matters ("PTM") Manager, you will be responsible for producing and distributing the annual K-1 packages for all active and retired Deloitte US partners. This requires involvement in various processes including federal K-1 preparation, special allocations, state apportionment, federal to state law adjustments per person, state K-1s, miscellaneous state required schedules, and the withholding, PET and composite returns. You will also coordinate the withholding of estimated payments from partners distributions and their yearly payments reconciliations; onboard, manage and retain our staff; and provide guidance to our IT programmers on any system changes and requirements as needed.


Job Responsibilities:


Produce and distribute annual partner K-1 packages

Manage the annual partner state tax elections process and the collection of nonresident non-joiner affidavits; review withholding, PET and composite taxes per partner calculations

Review state tax apportionment calculations and state add-back/subtraction adjustments

Review of partner state and local K-1 information for Deloitte US Firms' partners, and draft communications related thereto

Coordinate the State and Local tax return preparation with the State compliance team, filings for partnership tax returns, composite nonresident returns, PET, and nonresident withholding tax returns.

Coordinate on federal withholding information returns with federal compliance team

Coordinate the electronic filing / uploads to State compliance team

Coordinate with Deloitte Tax PPMD tax preparer team

Assisting with partner questions regarding federal, multistate, and local tax matters related to their Deloitte K-1 information and withholdings

Manage implementation of any federal, multistate, or local income tax related legislation impacting K-1 reporting or partner tax withholdings

Conduct federal, multistate, or local tax technical research as needed

Lead the team in implementing new PET calculations at partner level

Obtain and distribute IRS tax residency certificates annually

Manage preparation and archiving of documentation on State tax positions and issues

Make recommendations on business and process improvements related to partner level tax matters


Qualifications:


Master's degree in Accounting/Taxation or equivalent experience required

CPA or other relevant certification

Five (5) + years of prior experience in state and local/multistate for passthrough entities

Excellent communication skills

Maintains strong knowledge of federal and multistate partnership tax compliance, tax reporting, tax research, and tax planning

Prior experience supervising tax professionals on a project or engagement basis

Ability to train and develop staff

Tax forecasting / planning experience

Partner level income estimation

Proficient in Excel

Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future


Preferred Qualifications


Experience with Microsoft SQL

Software development life cycle knowledge

Knowledge of Thomson Reuters' OneSource Income Tax


The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $93,000 to $191,000.


You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Keywords: Deloitte, Birmingham , Manager, Internal Tax (Partner Tax Matters), Accounting, Auditing , Birmingham, Alabama