Job Purpose:

Prepares the Company's federal and state income tax compliance and preparing/ assisting with the Company's quarterly and annual ASC 740 financial reporting, information reporting compliance and other miscellaneous tax projects.  Also assists in providing tax support to multi-departmental disciplines and the Sales Force.

Duties & Responsibilities:

1.  Prepares the Company's consolidated federal income tax return.  This includes soliciting information from various parties, preparing various supporting book to tax adjustment workpapers, preparing tax adjustment and consolidation elimination entries, incorporating this information into the tax compliance software and electronically transmitting the completed return to the IRS.

2.  Prepares the Company's state income returns, extensions and estimated payments in a manner that both mitigates penalties related to late or incorrect filing and that minimizes state tax liabilities.  This responsibility also includes researching, analyzing and recommending tax Jobs to take on various issues.

3.  Maintains a thorough knowledge of current federal and state income tax laws and regulations, keeping abreast of ongoing and proposed legislation and updating federal and state compliance files to reflect changes in tax law.  This responsibility requires staying current on all federal and state electronic filing procedures and requirements.

4.  Maintains and updates the Company's fixed asset tax depreciation schedules in the Peoplesoft fixed asset system.  These schedules encompass all reporting necessary for both federal and state compliance.  This responsibility will require regular interaction with the Company’s fixed asset and/or Peoplesoft Coordinators.

5. Assists with the preparation of quarterly and year-end ASC 740 (Accounting for Income Taxes) financial reporting.  This may include any or all of the following:  soliciting information from various parties, calculating the appropriate income tax expense and liability amounts, preparing rate reconciliation calculations and preparing any required FIN 48 disclosures.

6.  Assists with the Company’s information reporting compliance program.  This may include any or all of the following: processing and researching IRS 972CG penalty notices and B Notices, updating and circulating the Company’s consultant backup withholding list and assisting with administering the Company’s year-end information reporting process.

7.  Prepares the Company’s annual car driver letters, which are used by career car drivers to report their IRC Section 280F auto lease inclusion amounts on their individual tax returns.

8. Updates the Company’s Tax Essentials publication, the guide used by the independent beauty consultants in reporting their Mary Kay businesses on their individual tax returns.

9.  Researches and responds to both federal and state income tax notices.

10. Assists with federal and state income tax audits, including researching general ledger account detail and preparing various schedules and analyses.

11. Researches and analyzing detailed federal and state income tax issues to determine the financial impact on the Company.

13. Answers independent contractor federal income tax compliance questions.