Essay for College Application

My work experiences:

Compliance

· Calculates corporate separate proformas and consolidated federal tax returns including related forms, elections and statements.

· Prepared single, consolidated and combined state returns.

· Calculates federal and state depreciation, gain/loss on sale/disposal of assets and state apportionment factors.

· Assists in foreign corporations’ tax pool calculations and prepares Form 5471s.

· Resolves state notices.

· Prepared and reviewed partnership tax returns and allocations on the K-1s.

· Calculated federal and state tax liabilities, estimates and extensions payments.

Leadership

· Delegated tasks, reviewed workpapers, explained tax technical concepts and provided feedbacks to staffs.

· Trained new hires on various tax engines and research tools.

Merger & Acquisitions

· Worked on various due diligence assignments such as calculating tax basis from a stock and asset acquisitions.

Provision

· Audited corporate income tax, current and deferred tax provisions, for public multi-national companies within the pharmaceutical and utility industries in accordance with ASC 740.

· Reviewed financial statements to ensure agreement with audited workpapers.

Special Projects

· Tangible Property Regulation - researched tax regulations in the hospital industry for possible acceleration of expenses (incidental vs non-incidental materials and supplies) to increase deductions and decrease taxes. Also, identified comparable court cases.

· Deductions/Credits - calculated complex tax return items including domestic manufacturing deduction (Section 199), uniform capitalization (UNICAP), and research and development credit (R&D).

· State Employer Tax - assisted in a NYC Employer Tax Withholding audit defense by analyzing top executives’ W-2s, travel agendas and business expenses to decrease the amount of taxes and penalties imposed upon.