Tax Consultant

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

The Consultant - Income Taxes position will report to the Associate Director - Tax. This role will be primarily responsible for completing Verizon's tax fixed asset calculations but will also have an opportunity to work in other Federal tax areas. This position will have the ability to drive change through implementing process efficiencies and using data to identify and implement tax planning opportunities.

Responsibilities:

• Assist in managing the overall income tax accounting and compliance functions of our Tax Fixed Assets for a company with over $320B of fixed assets and an estimated $17B of capital spend per year.

• Complete the tax fixed asset calculations for the income tax provision under ASC 740 and be responsible for Verizon's $49B deferred tax liability related to fixed assets and intangibles.

• Calculate fixed asset related tax adjustments such as bonus depreciation, NAMA (network asset maintenance allowance), Section 263A capitalization, and materials and supplies.

• Prepare and calculate other federal tax adjustments necessary to complete Verizon's income tax provision and tax returns.

• Have the opportunity to work on a wide range of tax issues by completing other various federal and state tax calculations and related forms of the income tax returns.

• Complete calculations related to cash tax forecasts and be an integral part of the team that identifies and executes on strategies to minimize cash taxes.

• Drive efficiencies by ensuring tax processes are utilizing data in the best possible manner while ensuring their technical accuracy.

• Assist in research and analysis of a wide range of tax positions to substantiate and support federal and state tax returns.

• Assist in Identifying and implementing tax planning opportunities related to fixed assets and intangibles working collaboratively with other department personnel and external advisors. Prepare memorandums in support of findings.

• Assist in evaluating the implications of special project assignments, such as acquisitions, dispositions and restructurings.

• Work with the Accounting group to streamline data received to reduce the amount of manual effort needed to perform tax calculations.

• Ensure proper documentation is maintained to adequately support the information included on the federal and state tax returns upon audit. Liaise with internal stakeholders to respond to audit inquiries.

• Work closely with stakeholders to determine the impacts of proposed and newly enacted federal and state tax legislation.

• Maintain technical expertise by keeping current with the tax code, regulations, and case law.

• Work on a team of tax professionals and develop positive relationships with internal and external stakeholders.

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 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:

• Experience with OneSource Income Tax and OneSource Tax Provision

• Experience with PowerTax fixed asset software a plus.

• Experience with fixed asset tax calculations and compliance a plus

• Experience with data analysis tools such as Alteryx, SQL and Qlik

• Demonstrated ability to identify and implement process improvements and automation utilizing the latest technologies

• CPA certification or advanced degree in Accounting or Tax

• Familiarity with Sarbanes Oxley (SOX) Controls

If Verizon and this role sound like a fit for you, we encourage you to apply even if you don't meet every "even better" qualification listed above.

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.