Corporate Tax Accountant

Formosa Plastics•Livingston, NJ

2d•Onsite

About The Position

The Tax Accountant II supports the Company’s Federal, State, and international tax compliance and reporting obligations for assigned entities. The position applies tax laws and regulations, exercises judgment in evaluating tax treatment and filing positions, and analyzes the impact of business activities on tax liabilities and planning opportunities. This role is accountable for accurate and timely tax filings, payments, provisions, and information reporting; provides management with clear tax analysis and recommendations; and coordinates responses and supporting documentation for IRS and State audits. Through these responsibilities, the position helps maintain regulatory compliance, support reliable financial reporting, and manage the Company’s tax risk and overall tax obligations.

Requirements

B.S. in Accounting or Corporate Taxation
Proficiency of using Microsoft Office Word and Excel
Good communication skills both in oral and writing
Ability to conduct research and perform tax analysis
Data tracking and audit trail
Must have regular, reliable attendance as well as the ability to work outside the regular schedule as required.
Continued development as required such as: Legal and Ethical Training (LERN) and other internal and external tax related training.

Nice To Haves

5-7 years of experience in accounting or taxation.
Knowledge of using Corptax is plus
CPA preferred.

Responsibilities

Own the accurate and timely preparation and filing of Federal corporate and partnership income tax returns and State income and franchise tax returns for assigned entities across multiple jurisdictions. Exercise independent judgment in applying tax law, resolving technical and e-filing issues, and determining appropriate filing positions to achieve full and timely compliance.
Evaluate the tax consequences of Company business activities and transactions by reviewing financial records and consulting with Accounting and managers. Determine appropriate tax treatment, apportionment, and allocation positions, and ensure reliable plant data supports defensible Federal and State filings.
Lead assigned Federal and State tax audit and notice responses by determining the information and support required, coordinating documentation across Accounting and plant sites, and explaining Company activities and transactions to taxing authorities. Exercise judgment in resolving discrepancies and supporting positions that minimize adjustments, penalties, and business disruption.
Ensure accurate and timely annual income tax provisions, true-ups, and financial statement disclosures in accordance with FAS 109 and FIN 48. Independently assess supporting documentation, tax adjustments, uncertain tax positions, and audit-related liabilities or benefits so that reported tax balances are complete, supportable, and compliant.
Identify and evaluate tax-planning opportunities by monitoring Federal and State legislative and regulatory developments and researching potential savings initiatives. Develop scenario-based analyses and recommendations for senior management, using independent judgment to quantify tax effects, risks, and implementation considerations that support informed business decisions.
Own assigned international and cross-border tax calculations, including Global Intangible Low-Taxed Income (GILTI), Foreign-Derived Intangible Income (FDII), and Section 163(j). Determine the applicable methodology and data requirements, evaluate technical positions, and maintain supportable calculations that promote accurate compliance and financial reporting.