Tax Intern Job Description

Tax Intern Job Description

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Tax intern provides advice on the tax implications of certain transactions and scenarios based on relevant tax rules and regulations.

Tax Intern Duties & Responsibilities

To write an effective tax intern job description, begin by listing detailed duties, responsibilities and expectations. We have included tax intern job description templates that you can modify and use.

Sample responsibilities for this position include:

Continuously strives to improve and simplify the information requested by the Tax Department
Interpret and apply accounting and tax concepts, department procedures, to a variety of tax related projects
Research and draft responses to information requests from the IRS, State and Local jurisdictions
Perform analysis of taxable income from investments, variance analysis, year over year trends
Prepare various federal and state tax returns including partnerships, corporations, S corporations, individuals, and organizations exempt from income tax
Understand the differences between book income and taxable income
Engage in various tax research projects, and provide documentation and support
Maintain fixed/intangible asset records necessary for calculating depreciation and amortization
Identify potential concerns while working on returns to assist clients in avoiding surprises
Make necessary changes to a project after review

Tax Intern Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Tax Intern

List any licenses or certifications required by the position: WHT, CPA, US

Education for Tax Intern

Typically a job would require a certain level of education.

Employers hiring for the tax intern 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, Graduate, Economics, Business, Business/Administration, Law, Education, Information Systems

Skills for Tax Intern

Desired skills for tax intern include:

GAAP
Taxation compliance
Codes and regulations
Procedures and standards
Codes and regulations and GAAS rules
Courts
Regulatory bodies
Foreign tax credits
Basic technical tax requirements
Excel

Desired experience for tax intern includes:

Currently enrolled in a Master's in Taxation program or finishing up a Bachelor's in Accounting with plans to enroll in a Master's in Taxation program, required
Make efficient use of computer resources, including tax preparation software
Organize and prioritize projects to ensure timely service to our clients
Draft correspondence to clients and taxing authorities
Communicate effectively with co-workers and third party resources
Prepare tax projections which are used to make tax planning recommendations to clients

Tax Intern Examples

1

Tax Intern Job Description

Job Description Example
Our innovative and growing company is hiring for a tax intern. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax intern
  • Research multistate state and local taxes
  • Ability to report findings concisely
  • Work with various members of corporate tax department on tax research projects
  • Help with imaging from all areas of IRA/Tax Reporting
  • Assembling and mailing welcome packets on a timely basis
  • Daily use of copy machines, fax machines and the scanner
  • Gathers, reviews, analyzes and assists with the reporting of financial information for the company's foreign owned companies with a view towards identifying tax reduction opportunities
  • Performs U.S. tax compliance duties related to international operations
  • Assists the Corporate Tax Department with the preparation of tax returns (including 5471, 8865, 8858, 1065 and 1120F) and foreign tax credit documentation
  • Participates in special projects and re-engineering teams related to tax reduction opportunities
Qualifications for tax intern
  • Preferred Academic Majors Accounting and/or Taxation
  • Must be able to sit for the CPA exam upon graduation and on track to obtaining 150 semester credits
  • Completed sophomore year of college with a major in accounting
  • Completed Financial Accounting and Intermediate Accounting I
  • Tax courses is preferred, but not required
  • 3.0 GPA in accounting major
2

Tax Intern Job Description

Job Description Example
Our growing company is hiring for a tax intern. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for tax intern
  • Additional requirements based on area of specialization
  • Experience in corporate taxation from public accounting and/or industry a plus
  • Preparing certain tax return forms within tax return compliance software
  • Gathering and analyzing certain data from international locations in order to accurately complete certain tax return forms
  • Preparing certain tax return supporting calculations
  • Calculating certain book-to-tax adjustments
  • Responding to tax authority notices via phone or by submitting written responses
  • Gathering and summarizing state apportionment data
  • Assist with the reporting of international activity from a US income and withholding tax perspective
  • Assist with the preparing the international portions of the US consolidated federal return including, but not limited to, Forms 5471 & 8858 involving Subpart F income, Earnings & Profits and Foreign Tax Credit issues
Qualifications for tax intern
  • Typically zero to one-year related experience
  • Prepare federal and multi-state income tax returns for individuals, partnerships, corporations, and trusts
  • Prepare correspondence to taxing authorities
  • Work with other members of a team on a variety of engagements
  • Identify accounting and income tax issues and propose strategies to resolve them
  • Develop strong relationships with firm and client personnel
3

Tax Intern Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of tax intern. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for tax intern
  • How the tax department positively impacts the company's financial statements
  • How the use of technology can streamline the tax processes
  • Assist in the completion of U.S. Corporation income tax returns, schedules and supporting calculations
  • Assist in the completion of multiple state corporate income tax returns, schedules and supporting calculations
  • Assist in the completion of multiple state premium tax returns and estimates
  • Conduct basic tax research
  • Serves as support for International Tax Manager, and various other members of the Tax Department
  • Prepare U.S. federal compliance forms for domestic and foreign companies
  • Perform research related to specific tax matters
  • Assist with basis studies
Qualifications for tax intern
  • Coursework in tax and accounting preferred
  • Currently enrolled in four year post-secondary program (completed second year courses) or graduate program
  • Open to students pursuing undergraduate, graduate or law school degrees
  • Must have completed two years of college before beginning internship
  • Should have experience or coursework relevant to accounting and/or finance
  • Required overall GPA 3.0 * Salary-TBD
4

Tax Intern Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of tax intern. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for tax intern
  • Assist in tax file management and organization
  • Prepare and update files for 2016 tax returns
  • Assist in preparation of 2016 corporate income tax returns
  • Keep abreast of changes in local legislation that could have an impact on our activities on a weekly basis
  • Assisting with the monthly state and local tax compliance process
  • Completing and filing sales tax returns timely and accurately
  • Researching Ecommerce orders for taxability
  • Assisting with testing of system enhancements
  • Leading or participating in various special projects
  • Completing resale certificates as requested by E/P vendors
Qualifications for tax intern
  • Compiles and analyzes financial information for use in income tax return filings and transfer pricing projects
  • Execute audit procedures (reviews transactions and source documents analyzes internal controls) and document results of testing
  • Obtain working knowledge of audit software, data interrogation tools, and documentation standards
  • Currently pursuing a Bachelor’s or Master’s degree in Accounting or Finance from an accredited university
  • Has a solid basic understanding of finance and accounting terms and concepts
  • Bachelor or master degree in law or economics
5

Tax Intern Job Description

Job Description Example
Our company is searching for experienced candidates for the position of tax intern. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for tax intern
  • Quarterly ASC 740 provision process
  • Develop a practical understanding of international tax aspects for US and foreign tax returns, tax internal controls while assisting with SOX 404 compliance, and transfer pricing/intercompany documentation
  • M&A or planning projects as needed
  • Collating tax returns to various taxing jurisdictions
  • Maintaining records for client deliverables
  • Assisting with various schedules and compiling supporting documents for complex federal and state tax returns
  • Interacting with other teams and/or departments
  • Assist with monthly/quarterly REIT testing
  • Prepares Sales/Use, personal property and miscellaneous tax returns annual reports and license filings to be timely and accurately filed with a high level of efficiency
  • Researches and resolves tax notices and audit requests by gathering, interpreting and analyzing data for various taxes
Qualifications for tax intern
  • Proven success working and adapting in a fast-paced environment with shifting priorities
  • Confidence and presence collaborating with others
  • Self-starter, team player, information seeker, takes ownership
  • Currently pursuing a Bachelor’s degree with a major in Business, Accounting or Tax
  • Current accounting student
  • 2+ year’s recent college course work with an emphasis on accounting or finance

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