Federal Income Tax Consultant Job at Verizon, Basking Ridge, NJ

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  • Verizon
  • Basking Ridge, NJ

Job Description

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 V Team Life.

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 Consultant position offers opportunities to build your career, while growing your leadership and interpersonal skills.

The Federal Income Tax Consultant will report to the Associate Director – Federal Income Tax Calculations. This role will primarily support the preparation of Verizon’s consolidated federal income tax return and tax provision and will have the ability to drive change through the use of process automation and digital tools.

Responsibilities:

  • Prepare federal tax calculations and adjustments (non-fixed asset) for the entire income tax lifecycle, including forecasts, tax provision, tax return, return to provision, cumulative deferred proof and audit support.

  • Analyze and prepare federal tax calculations and adjustments to consider their financial statement impact under ASC 740 when applicable, such as the deferred tax balance included on the financial statements.

  • Prepare federal book to tax adjustments to consider the proper classification and presentation on the federal tax return.

  • Assist in the preparation and review of Verizon’s consolidated federal tax return including preparing tax adjustments, preparing and reviewing tax forms, gathering the data necessary to complete the return, and other various tasks necessary to complete the tax return.

  • Identify and gather necessary information and documentation to substantiate and support the tax return and tax provision processes while demonstrating the ability to understand the book and tax treatment of transactions.

  • Prepare workpaper documentation and calculations in support of significant tax items or book-to-tax adjustments, as needed.

  • Prepare supporting workpapers and ensure proper documentation is obtained and maintained to adequately support the information included on the tax returns upon audit.

  • Support other groups within Income Tax by performing various tasks when requested and available, such as aiding in the preparation of state tax adjustments or other state tax projects.

  • Support special project assignments, such as acquisitions, dispositions, tax audits, etc., as necessary. Perform tax research and analysis and prepare memorandums in support of findings.

  • Streamlining and optimizing tax processes through the use of various digital finance tools, including Alteryx, Qlik and other technologies.

  • Provide support to tax managers and develop and maintain a relationship with other tax department professionals. Show the ability to present tax matters/findings to senior leaders throughout the Tax Department.

  • Be a team player and someone who possesses the capability to lead through their actions and experiences and also work closely with other members of the Tax Organization.

Where you'll be working...

In this hybrid role, you'll have a defined work location that includes work from home and assigned office days set by your manager

What we’re looking for…

You’ll need to have:

  • Bachelor's degree in Accounting or related field or four or more years of work experience.

  • Four or more years of relevant work experience in the income taxes field.

  • Strong working knowledge of federal income taxes.

  • Experience with OneSource Income Tax and OneSource Tax Provision.

  • Experience with Microsoft Office, including Excel and PowerPoint.

  • Strong verbal and written communication skills.

  • Excellent organizational and prioritization skills, with demonstrated attention to detail and ability to meet deadlines

Even better if you have one or more of the following:

  • A CPA, Masters of Tax or Masters of Accounting.

  • Experience with OneSource Apportionment.

  • Working knowledge of ASC 740.

  • Solid data management and automation skills required; experience with Alteryx or Qlik is a significant plus.

  • Strong interpersonal skills with proven ability to work with individuals in a team environment.

  • An ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders’ needs are met.

Where you’ll be working

In this hybrid role, you'll have a defined work location that includes work from home and a minimum eight assigned office days per month that will be set by your manager.

Scheduled Weekly Hours

40

Equal Employment Opportunity

We’re proud to be an equal opportunity employer - and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. At Verizon, we know that diversity makes us stronger. We are committed to a collaborative, inclusive environment that encourages authenticity and fosters a sense of belonging. We strive for everyone to feel valued, connected, and empowered to reach their potential and contribute their best. Check out our diversity and inclusion page to learn more.

Job Tags

Full time, Work experience placement, Work from home, Home office,

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