Tax Manager, Transaction Advisory Services

Job Description

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 :

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 :

CPA certification, Attorney (admitted to practice in a U.S. jurisdiction), or Internal Revenue Service Enrolled Agent ("EA") (or the equivalent of one of these designations), required

Software :

• Proficient in the use of Microsoft Office Suite, preferred
• Experience with tax research databases, including Checkpoint, Bloomberg, and CCH Intelliconnect, preferred
Language :
• N / A
• N / A

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

About Us

Join us at BDO, where you will find more than a career, you'll find a place where your work is impactful, and you are valued for your individuality.

We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.

At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities.

BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.

S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.

BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm's success through beneficial ownership and a unique opportunity to enhance their financial well-being.

The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm's success, with no employee contributions.

We are committed to delivering exceptional experiences to middle market leaders by sharing insight-driven perspectives, helping companies take business as usual to better than usual.

With industry knowledge and experience, a breadth and depth of resources, and unwavering commitment to quality, we pride ourselves on :

• Welcoming diverse perspectives and understanding the experience of our professionals and clients
• Empowering team members to explore their full potential
• Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
• Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
• Focus on resilience and sustainability to positively impact our people, clients, and communities
• BDO Total Rewards that encompass so much more than traditional "benefits." Click here to find out more!
• Benefits may be subject to eligibility requirements.

Equal Opportunity Employer, including disability / vets

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