Analyst II/Sr. Analyst, Income Tax

CarMax•Richmond, VA

3d•Hybrid

About The Position

The Income Tax Analyst II/Sr. Analyst will play a critical role in the Company’s income tax compliance process, ensuring that the Company complies with federal, state, and local laws. This position will assist with the preparation of the federal tax return and will be responsible for preparing complex state and local income/franchise tax returns. In addition, this position will lead tax fixed asset projects and the tax depreciation calculation. This position will be pivotal in process improvement initiatives to enhance the income tax compliance process. The Analyst II/Sr. Analyst will report to the Income Tax Compliance Manager and will work closely with the Income Tax Provision team and other corporate teams to drive results.

Requirements

Bachelor’s Degree in Accounting or Finance
Four or more years of income tax experience at a public accounting firm or in a corporate tax department
Advanced federal and state income tax technical skills, specifically in the areas of compliance and audits
Tax depreciation experience
Strong accounting skills
Self-motivated with strong planning and execution skills
Ability to conduct root cause analysis, determine possible solutions, and present to management
Ability to express opinions and innovative ideas and willingness to challenge others and the status quo appropriately
Computer skills: Microsoft Office (Excel, Word, and PowerPoint) required
Applicants must be currently authorized to work in the United States on a full-time basis.

Nice To Haves

MS in Accounting or Taxation preferred (MS in Accounting or Taxation is required if Bachelor’s Degree is in a major other than Accounting or Finance)
CPA preferred
R&D tax credit experience preferred
Oracle and OneSource Tax experience preferred

Responsibilities

Assist with the preparation of the federal tax return and prepare complex state and local income/franchise tax returns
Lead the tax depreciation calculation and work closely with external consultants on fixed asset projects, including cost segregation studies
Analyze Company leases to determine the proper tax treatment
Work closely with external consultants to analyze annual research and development (“R&D”) expenses and activities for tax credit purposes
Lead federal and state audits and resolve notices
Monitor federal, state, and local tax legislation changes
Research and document complex tax issues, as well as present recommendations to management