Position: Tax Senior (Income Tax)
Department: Corporate Tax
Reports to: Sr. Manager, Tax
Direct Reports: No
FLSA Status: Exempt
Location: 3880 N. Mission Road Los Angeles, CA 90031
FOREVER 21, is an American fast fashion retailer headquartered in Los Angeles, California. Originally known as Fashion 21, the first store was founded in Los Angeles on April 16, 1984.
Forever 21 is known for its trendy offerings and low pricing. The company offers fashion for women, men, and children, fashion accessories, shoes, beauty products, and home goods.
Forever 21 continues to be a fashion industry leader with a mission to make the latest trends accessible to all. F21 persists on staying ahead of innovation and providing styles and fit that our customers love. While reinventing for now and beyond, we’re seeking passionate and creative new family members to join us on this adventure! F21 continues to operate E-commerce and 450 locations across the U.S. along with maintaining a strong brand DNA with consumers and within the fashion industry.
In February 2020, Forever 21 came under new ownership made up of Simon Property Group, Brookfield Property Partners, and Authentic Brands Group. Under this new ownership F21 has the financial strength and long term view that will prepare us for the future, while continuing to set the same high standards as it always has. Join our team and learn the inner sanctum of the global fashion industry, while we build the new Forever 21!
Job Purpose:
The Tax Senior is responsible for all aspects of income tax compliance and planning. Reporting to the Sr. Manager, Tax, the Tax Senior will also work on other various tax related projects as described below.
Deliverables:
- Manage all aspects of Federal and State tax compliance. Oversee the preparation of Federal (1065), State and City Partnership tax returns
- Manage the company’s tax calendar to ensure all returns, extensions, and estimated payments are timely filed
- Prepare all Sch M workpapers and Federal proforma returns using OneSource Income Tax software
- Represent the company before various taxing authorities, providing all requested documents and data pertaining to Forever 21’s tax returns
- Respond to tax notices from Federal and State tax agencies as needed
- Prepare monthly income tax journal entries for the accounting department
- Consult with business units on tax issues as they arise, especially concerning new business development projects
- Utilize technical tax expertise to assist the Sr. Manager in strategic tax planning and corporate restructuring projects
- Research tax laws as needed using Bloomberg BNA
- Assist the Sr. Manager in Credits & Incentive projects including WOTC, Employment Retention Credit and Local Sales Tax Incentives
- Assist the Sr. Manager in various projects including Unclaimed Property and Gift Card entity setup
Knowledge, Skills, and Qualifications:
- Must have a Bachelors in Accounting, Business, Finance or Taxation
- CPA certification preferred but not required
- Must have 3-5 years of relevant tax experience, experience in public accounting preferred
- Experience in OneSource Income Tax software preferred
- Experience in Sage Fixed Assets software a plus
- Must have working level knowledge of Microsoft Office products (Excel, Word, Outlook)
- Must have strong written, interpersonal and verbal communication skills