Income Tax Analyst Job Description
Income tax analyst
provides support in areas such as US Federal and state income tax compliance, tax accounting, SEC reporting (ASC 740).
Income Tax Analyst Duties & Responsibilities
To write an effective income tax analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included income tax analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Develop and maintain expertise in tax technology
Operations Accounting
Strong technical tax skills in line with level of experience
Self-starter, takes initiative, highly motivated
Ability to work collaboratively with various business groups
0–2 years in public or private tax
Federal and multi state tax compliance experience a plus
FAS 109 / FIN 48 experience a plus
Income tax audit experience a plus
Federal and multi state tax compliance experience required
Income Tax Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Income Tax Analyst
List any licenses or certifications required by the position: CPA
Education for Income Tax Analyst
Typically a job would require a certain level of education.
Employers hiring for the income tax analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Taxation, Business, Business/Administration, Economics, Education, Public Accounting, Law, Auditing
Skills for Income Tax Analyst
Desired skills for income tax analyst include:
Multinational environment
Intermediate to advance MS Excel and Access are skills
Thomson Reuters’ ONESOURCE
General ledger programs
Income tax return preparation software
Online research tools
Internal controls
Accounting principle and ASC 740
Formulas
Pivot tables
Desired experience for income tax analyst includes:
Technical tax research experience required
Prepare federal, state and local corporate and partnership income tax returns, including related schedules, work papers and reports
Identify new general ledger accounts and research the appropriate tax treatment of the accounts
Calculate and record monthly tax accruals for federal, state, local and foreign taxes
Perform account analyses related to tax accounting, tax forecasting, and tax minimization strategies
Gather and coordinate information for defense of state examinations directly assisting with state and franchise tax audits
Income Tax Analyst Examples
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Income Tax Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of income tax analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for income tax analyst
- Responsible for German income tax accounting under US GAAP & German GAAP
- Review tax planning initiatives to determine impacts to worldwide tax provision
- Research tax effects of various international transactions
- Support US and international tax controversy teams on tax audits
- Management of outside tax service providers
- Must ensure that all legal entities meet filing obligations on timely & accurate basis
- Prepare quarterly tax provision and all supporting schedules in a timely and accurate manner
- Update and maintain the fixed asset database, the depreciation schedules and insure the calculations are using the appropriate conventions on a monthly basis
- Prepare quarterly estimated tax payment calculations and filings as necessary in a timely and accurate manner
- Prepare annually extensions of time to file in a timely and accurate manner
Qualifications for income tax analyst
- Experienced with accounting systems
- Prepare income and franchise tax returns and supporting calculations including apportionment, reconciliation of schedule M temporary differences to balance sheet, depreciation calculations, and tax payments using Prosystem Fx software
- Prepare/research tax issues that effect calculation of taxes and potential impact on P&L
- Assist in preparing for income tax audits
- Assist in responding to correspondence from various tax jurisdictions insuring timely response
- Prepare withholding tax returns and FBAR tax return
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Income Tax Analyst Job Description
Job Description Example
Our company is looking for an income tax analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for income tax analyst
- Prepare tax returns and related supporting documents/work papers
- Review tax work papers and returns prepared by others
- Prepare tax provision work papers and summaries for inclusion in global financial statements
- Perform tax research and provide interpretation and application of tax rules
- Prepare and/or review responses to tax authority inquiries
- Develop and maintain current knowledge of changes in tax legislation, rulings, regulations and litigation that may impact the business
- Contributes to overall international/domestic tax planning by preparing scenarios of alternative outcomes and fact patterns
- Contributes tax research for routine tax issues
- Effectively utilizes available technology and internal reporting tools to gather and analyze data to support complex calculations
- Develops entry level members of income tax team through documented detail review and real time feedback
Qualifications for income tax analyst
- Experience with preparation of consolidated income tax returns
- Proficient with tax reporting software (OneSource, Longview experience preferred)
- Responsible for implementing projects related to tax filings and audits
- Third party audit requests are in compliance with government regulations and contract terms
- Creative problem solver, analytical thinker and ability to prioritize tasks
- Experience with tax research databases
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Income Tax Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of income tax analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for income tax analyst
- Prepare and self-review income tax compliance (including federal & state tax returns, estimated tax computations, tax provisions)
- Assist with tax account analysis and reconciliation
- Assist with miscellaneous tax studies and projects
- Assist with state tax notice issues / correspondence
- Assist with the gathering of tax data for compliance and issue resolution
- Assist with maintenance and review tax calendar
- Assist with maintenance of tax fixed asset information
- Perform nexus analysis
- Receives and analyzes notices received from various tax jurisdictions, researches underlying issues and prepares appropriate response
- Assists implementation of new processes to meet changing tax requirements
Qualifications for income tax analyst
- Tax Reserves- prepares quarterly tax reserve schedules
- Monthly/Quarterly Federal/State Tax Credit Reporting - works with external service providers to ensure monthly/quarterly recording of federal and state income tax credits to the general ledger
- Excellent interpersonal, oral and written communication skills, detail-oriented, ability to work on competing priorities, and must thrive in a fast-paced work environment
- Possess ability to develop contacts and relationships throughout the enterprise to achieve desired results
- Self-manage and work with limited direction
- Learn and understand increasingly complex tax issues and concepts
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Income Tax Analyst Job Description
Job Description Example
Our growing company is hiring for an income tax analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for income tax analyst
- Effectively utilizes available technology and internal reporting tools
- Responsible for filing and remittance of multi-state fuel tax
- Maintain proper tax return supporting documents to meet Sarbanes-Oxley requirements
- Resolve tax delinquency notices and issues involving filings with jurisdictions
- Reconcile tax accounts, prepare and record monthly journal entries
- Complete special tax projects such as audit support, return filing automation
- Research state corporate income tax issues and implement and/or change procedures to ensure proper compliance
- Assist on state corporate income tax audits and related assignments as required
- Maintaining a database of taxes paid by month and year
- Guides the successful completion of federal and state income tax projects or programs
Qualifications for income tax analyst
- Prefer prior multi-state corporate taxation experience
- Previous public accounting or large industry experience preferred
- Experience using OneSource Tax Compliance for Corporate and Partnership Returns, OneSource Tax Calendar, and CCH Tax Research system including Intelliforms preferred
- Must be able to work in a fast-paced environment under tight deadlines
- Detail-oriented, ability to work on competing priorities, and must thrive in a fast-paced work environment
- Bachelor’s degree in Accounting or a tax concentration with an accounting program from an accredited college or university
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Income Tax Analyst Job Description
Job Description Example
Our company is looking for an income tax analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for income tax analyst
- Maintains and updates the Company's fixed asset tax depreciation schedules in the Peoplesoft fixed asset system
- Assists with the preparation of quarterly and year-end ASC 740 (FAS 109 Accounting for Income Taxes) financial reporting
- Assists with the Company’s information reporting compliance program
- Preparation of presentations to CFO, Audit & Risk Committee, CRA
- You are in charge for German direct tax compliance and reporting tasks and for German income tax accounting under US GAAP & German GAAP
- You will dive deep into tax effects of various international transactions and develop solutions
- You will drive process improvements and coordinate with the Tax Technology team to facilitate streamlining and automation of recurring calculations
- You will review tax planning initiatives to determine impacts to worldwide tax provision
- With your expertise you will support US and international tax controversy teams on tax audits
- You will manage outside tax service providers
Qualifications for income tax analyst
- Previous income tax experience with a Big 4 Accounting Firm or Fortune 500 Company a plus
- Experience in income tax research, corporate and partnership taxation, forecasting, and accounting for income taxes preferred
- Must be able to interpret a variety of instructions furnished in written, verbal, diagram or schedule form
- Minimum of five years of pertinent tax experience (Big 4 or large corporation experience preferred)
- Intermediate to advanced level experience with Microsoft Excel, Word, and Outlook
- Experience in the telecommunications, wireless internet services, or communications field preferred