Federal Income Tax-Senior Manager

Responsibilities

• Federal Partnership Compliance
• Work with internal teams to gather necessary data such as trial balances, audit adjustments, and Schedule M adjustments and ensure all items are properly loaded and presented on the returns.
• Review federal book-to-tax adjustments to ensure proper classification and presentation on the federal tax return.
• Assist with the preparation and review of the partnership returns (Form 1065) and all related schedules.
• Leverage OneSource (OIT) skillset to assist with ongoing administrative functions and troubleshooting from both and 1120 and 1065 perspective.
• Compile taxable income information from both internal and external investments for inclusion in the consolidated 1120 and provide the related M3 support.
• Federal Tax Calculations, Analysis, and Financial Reporting (ASC 740)
• Review federal tax calculations and adjustments (non-fixed asset) across the entire income tax lifecycle, including forecasts, tax provision, tax return, return-to-provision reconciliation, cumulative deferred proof, and audit support.
• Review federal tax calculations and adjustments to determine their financial statement impact under ASC 740, including the deferred tax balance.
• Analyze, calculate, and support complex federal tax positions, including pension and benefits adjustments, Section 163(j), and CAMT for both quarterly and year-end tax provision processes.
• Tax Credits and Incentives
• Partner with our third-party provider to drive the completion of the R&D Credit study by:
• Increasing overall awareness and working with the business to gather surveys and contemporaneous documentation.
• Scheduling and participating in meetings alongside our third-party provider.
• Using the resulting Qualified Research Expenses (QREs) to calculate the credit.
• Oversee the preparation of all internally-prepared federal credits and ensure they are properly reflected in OneSource (OIT).
• State and Local Tax Compliance
• Review complex state partnership and corporate income tax returns and associated workpapers.
• Research, Strategy, Systems, and Coordination
• Research & Strategy
• Research and analyze a wide range of federal tax positions and prepare memorandums to ensure proper documentation is maintained to substantiate tax positions upon audit.
• Provide support and IDR responses for the Federal Audit team as needed
• Work with the tax planning team to identify and implement tax planning strategies to minimize cash taxes and the effective tax rate.
• Coordination & Process Management
• Coordinate with other Senior Managers and Associate Directors as necessary to ensure the accuracy and efficiency of all federal tax processes.
• Develop and maintain relationships with various internal teams, including Tax Policy, Treasury, and FP&A, to gain compliance, accounting, and reporting efficiencies.
• Streamline and optimize tax processes through the use of various digital finance tools, including Alteryx, AI and other technologies.
• What we're looking for...
• You'll need to have:
• Bachelor's degree or four or more years of work experience.
• Six or more years of relevant work experience required, demonstrated through one or a combination of work and/or military experience, or specialized training.
• Bachelor's degree in Accounting and 6 or more years of federal partnership income tax experience.
• Solid data management and automation skills required; experience with Alteryx, AI or other digital tools.
• Experience with Microsoft Office and Google Workspace
• Significant experience with On

Benefits

Additional Information

When you join Verizon You want more out of a career. A place to share your ideas freely - even if they're daring or different. Where the true you can learn, grow, and thrive. At Verizon, we power and empower how people live, work and play by connecting them to what brings them joy. We do what we love - driving innovation, creativity, and impact in the world. Our V Team is a community of people who anticipate, lead, and believe that listening is where learning begins. In crisis and in celebration, we come together - lifting our communities and building trust in how we show up, everywhere & always. Want in? Join the #VTeamLife. At Verizon, we are building a world-class Tax organization. We have begun a comprehensive program to streamline processes, enhance systems, realign the organization and add opportunities for personal skill-building and professional growth. We're finding new ways to add value and provide strategic support. At Verizon, you can become a catalyst for change. This Federal Income Tax Sr. Manager position offers opportunities to build your career, while growing your leadership and interpersonal skills. What you'll be doing...

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