BDO Global Mclean , VA 22107
Posted 1 week ago
Job Summary:
Within the Special Projects Group in TAS tax, the Tax Manager, Transaction Advisory Services will be responsible for advising clients on U.S. federal income tax issues associated with mergers and acquisitions. The Tax Manager, Transaction Advisory Services in this role will be the primary client contact for technical tax work, including structuring and restructuring, Section 382 analyses, consolidated return subsidiary share basis and earnings and profits analyses, Section 1202 analyses, and transaction cost studies. The role will review work prepared by Associate and Senior Associate professionals in the Transaction Advisory Services (TAS Tax) Group, and work with Managing Directors and Principals on client optimization strategies. In addition, the Tax Manager, Transaction Advisory Services will be involved in the marketing, networking, and business development within an area of expertise and specialization and may be asked to provide written tax advice to clients.
Job Duties:
Tax Specialization:
Understands the technical and practical issues and opportunities regarding the taxation of corporate mergers, acquisitions, and restructurings involving corporate entities, including (but not limited to):
Form and ramifications of various taxable asset and stock transactions
Purchase price allocation rules
Section 338(h)(10), Section 338(g), and Section 336(e) elections
Application of Section 1202 to stock dispositions
Net operating loss and credit limitation rules (e.g., SRLY, Sections 382, 383, and 384)
Consolidated return regulations related to basis and E&P adjustments
Tax considerations for subsidiaries joining or leaving a consolidated group, such as the circular basis adjustment rules, the unified loss rule, NOL allocation rules, excess loss accounts, deferred intercompany transactions, triggering events, excess loss accounts, etc.
Nonrecognition transactions and general requirements
Transaction costs and rules related to deductibility and capitalization
Serves as a primary technical resource for the technical practice areas described above for the Firm and its clients, including the broader tax practice
Tax Consulting:
Reviews calculations of anticipated tax ramifications of an asset deal relative to a stock deal
Reads and comments on stock purchase agreements and asset purchase agreements
Reviews and analyzes purchase price allocations
Conducts and reviews transaction costs analyses
Reviews Section 1202 structuring analyses, understands and strategically applies Section 1202 requirements to client facts
Provides tax consulting services to the broader tax practice on tax issues and opportunities with respect to corporate mergers, acquisitions, restructurings, and tax attributes
Reviews Section 382 studies
Prepares and reviews step plans for legal entity rationalization/restructuring transactions, including pre-transaction restructurings, post-deal integration entity alignments, and other reorganizations
Drafts and reviews opinions, memoranda, and conducts tax technical research and analysis
Reviews stock basis and earnings and profits (E&P) analyses for consolidated groups
Reviews inside and outside basis analyses for S corporations
Reviews inside and outside basis analyses for C corporations
Frames projects and issues for effective delegation to senior associates and associates
Prepares and reviews structure decks for taxable and nonrecognition transactions between unrelated third parties
Research:
Identifies when research is needed; clearly and concisely frames issues to be researched; and clearly and concisely reports the analysis
Applies most Firm and professional standards for preparation of WTA and tax returns
Involves additional firm specialists, as appropriate
Strategy Development:
Introduces and develops new or improved ideas for clients, the Firm, or Firm personnel, e.g., by reducing taxes or expenses or providing non-tax benefits
Reviews studies of tax implications and offers clients alternative courses of action
Identifies and leverages lessons learned on prior projects, and offers input on how to improve processes and methods
Other duties as required
Supervisory Responsibilities:
Supervises associates and senior associates on all projects
Reviews work prepared by associates and senior associates and provides review comments
Trains associates and seniors on how to use all current software tools
Acts as a Career Advisor to associates and senior associates
Schedules and manages workload of associates and senior associates
Provides verbal and written performance feedback to associates and senior associates
Qualifications, Knowledge, Skills, and Abilities:
Education:
Bachelor's degree required; with a focus in Accounting, Finance, Economics or Statistics, preferred
Juris Doctor (JD or Master of Laws (LLM) with a focus on tax preferred
Master's degree in Accounting or Tax, preferred
Experience:
Five (5) or more years of prior relevant tax experience and/or public accounting, private industry accounting, or legal experience in three or more of the areas listed below, required:
Experience with Section 382, and experience in preparing, reviewing, and auditing Section 382 studies
Experience with consolidated return regulations, specifically experience in preparing, reviewing, and auditing consolidated subsidiary share basis and earnings and profits analyses
Experience with Section 1202 and experience preparing and reviewing Section 1202 analyses
Experience in preparing, reviewing, and auditing deliverables related to transaction structuring, legal entity rationalization, and post-transaction structural integration
Experience in preparing, reviewing, and auditing transaction cost analyses
Experience in drafting technical tax memorandums and opinions to support client positions
License/Certifications:
Software:
Proficient in the use of Microsoft Office Suite, preferred
Experience with tax research databases, including Checkpoint, Bloomberg, and CCH Intelliconnect, preferred
Language:
Other Knowledge, Skills, & Abilities:
Superior verbal and written communication skills
Ability to effectively delegate work as needed
Strong analytical, research and critical thinking skills as well as decision-making skills
Ability to work well in a team environment
Ability to develop a team of tax professionals
Able to compose written tax advice
Able to effectively develop and maintain client relationships
Executive presence and ability to act as primary client contact for preparation and presentation of issues and resolutions to client
Demonstrates a high level of integrity
Ability to adapt quickly in uncertain or unstructured situations
Excellent communication skills, with the ability to give and receive criticism and feedback constructively
Comfortable simplifying complex issues for client and non-tax professional understanding
Ability to utilize and improve digital tools to reduce hours and optimize engagement efficiency
Intellectually curious, motivated to deliver work of the highest quality, driven to expand knowledge of tax technical matters, BDO's business, its clients, and the team
Able to lead by example, demonstrating to less experienced professionals, the importance of continual personal and professional growth
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
National Range: $115,000 - $160,000
NYC/Long Island/Westchester Range: $115,000 - $160,000 Washington DC Range: $115,000 - $160,000
BDO Global