Senior International Tax Manager @ Reader's Digest
Master of Science (MS), Taxation @
Fordham University - Graduate School of Business Administration
Accomplished Tax and Accounting Professional with progressive experience in the management of U.S. International, Federal, State and Local tax compliance, global / U.S. provisions, research & planning, audit mitigation (IRS and State), SOX, mentoring of staff and managing the global effective tax rate. Proven record of process improvements in these vital areas resulting in tax and department
Accomplished Tax and Accounting Professional with progressive experience in the management of U.S. International, Federal, State and Local tax compliance, global / U.S. provisions, research & planning, audit mitigation (IRS and State), SOX, mentoring of staff and managing the global effective tax rate. Proven record of process improvements in these vital areas resulting in tax and department cost savings.
MST and MBA from Fordham University Graduate School of Business; Winner of Fordham GBA Moot Tax Court Competition, STAR Award Winner for excellence in tax compliance at Wyndham Worldwide.
Tax Compliance - International, Federal, State and Local
Global / Domestic Provision (ASC 740)
Training / Mentoring of U.S. and Foreign personnel
Tax Research & Planning
APB 23 Analysis
Audits (IRS and State)
Research and Experimentation Tax Credit
Global Tax Consultant @ Provide Technical Tax Consulting Services to Fortune 500 company including:
Comprehensive Earnings and Profits study, resulting in substantial benefit to E&P Pool.
Improving tax compliance procedures and efficiencies and providing recommendations to senior
Detailed review of approximately 150 income tax filings (5471's, 8858's, 8865's) and amending
filed returns. From September 2014 to May 2015 (9 months) Greater New York City AreaSenior Tax Manager @ Reporting to CFO, served as the 'in-house' tax department, responsible for all aspects of Partnership and Corporate Tax, working in tandem with Mediaocean LLC's accounting firm. Reviewed all U.S. domestic and international tax filings (Forms 1065, 1120, 5471) and all associated tax compliance (income and non-income), provisions and research.
Extensive experience with the Research and Experimentation Tax Credit (Form 6765). Trained business unit VP's in compilation of qualifying R&D to obtain maximum credit allowed by law, resulting in substantial tax savings to company.
Built transfer pricing model for multi-country allocation of income based upon development costs and worlldwide usage of Mediaocean's data systems.
Managed IRS and state audits; implemented process improvements in managing the daily operation of the company's tax function. From April 2013 to July 2014 (1 year 4 months) Greater New York City AreaSenior International Tax Manager @ Conducted training seminars and provided guidance to foreign controllers across the globe for US regulatory reporting (GAAP, ASC 740, SOX). Attained greater proficiencies in foreign provision as measured by Big 4 Auditors.
Reviewed foreign subsidiary tax provisions to ensure compliance with ASC 740 (FAS 109).
Prepared Tax Footnote for Annual 10K SEC Filing. From 2011 to 2012 (1 year) Manager of International Taxes @ Managed international tax compliance function for approximately 200 legal entities – CFC’s, DRE’s, partnerships and U.S. Corporations. Supervised and mentored staff in the preparation of international and domestic tax filings, quarterly tax provisions and ongoing projects. Provided tax training and developed research skills.
Recognized as STAR Award winner for excellence in managing tax compliance and improving efficiencies, resulting in substantial reduction of consulting fees.
Conducted compliance and provision training seminars with foreign controllers on six continents. Instructed foreign personnel in completing international tax provision and compliance packages in accordance with ASC 740 (FAS 109) and U.S. GAAP reporting requirements.
Performed thorough review of Forms 5471, 8865, 8858, 1120, 1120F, 5713 to ensure timely and accurate tax filings with IRS.
Reviewed and prepared quarterly forecasted global tax provision for international operations and managed the global effective tax rate.
Researched tax issues and advised foreign affiliates of potential U.S. tax consequences of proposed transactions (mergers, liquidations, etc.).
Reviewed and prepared responses to IRS Audits..
Coordinated comprehensive documentation of international tax policies and procedures for Sarbanes-Oxley requirements.
Prepared Foreign Tax Credit, Subpart F, E&P and Foreign Source Income computations and forecasts.
Prepared annual return to provision true-ups for pre-tax income, book to tax, adjustments, discrete items, subpart F, and Section 78 Gross-up.
Prepared ASC 740-30-25-17 (APB 23) analysis and documentation in accordance with company policy of permanent re-investment of off-shore earnings.
Prepared transfer pricing exposure analysis for potential audit issues.
Prepared separately stated US GAAP financials of prior years for spin-off of Wyndham Worldwide Corporation from Cendant, as required by SEC regulations. From July 2005 to 2011 (6 years) Senior International Tax Accountant @ Designed and implemented systems for utilizing international tax information for tax provisions, Form 5471 and 1118 preparation, E&P, subpart F and other international tax functions.
Prepared and reviewed Forms 5471and 1118.
Documented compliance procedures consistent with the requirements of Section 404 of the Sarbanes-Oxley act.
Reviewed and prepared tax provisions and analyzed deferred taxes for foreign subsidiaries.
Instructed foreign personnel in U.S. GAAP FAS 109 reporting requirements.
Coordinated Canadian tax compliance for CRA and Provincial income tax filings.
Researched international tax issues and assisted with IRS and Canadian tax audits.
Support role for acquisitions, dispositions and restructurings including §338 elections, preparation of IRS Forms 926, 8023, 8832, 8865, 1120 and disclosure items. From 1999 to July 2005 (6 years) Associate Tax Manager @ Initiated and co-chaired accelerated filing project which resulted in hundreds of returns filed by the due dates and hundreds of hours saved.
Reviewed tax provisions to ensure compliance with FAS 109.
Prepared book to tax basis reconciliations and provision to return adjustments.
Prepared wide variety of federal and state corporate and partnership tax returns.
Analyzed adjustments for interim statutory financial reporting.
Researched federal and multistate tax issues with emphasis on LLC’s. From March 1998 to November 1999 (1 year 9 months) Tax Accountant @ Prepared federal, state and local income tax returns.
Reviewed estimates, extensions and non-income tax returns.
Evaluated and updated corporate tax liability and provision.
Researched federal and multistate corporate tax issues.
Resolved problems with taxing authorities.
Advised subsidiary agencies regarding potential tax consequences of transactions.
Instructed tax department personnel in tax software package. From April 1995 to March 1998 (3 years) Greater New York City AreaTax Compliance Specialist @ Prepared and reviewed federal and state corporate and partnership tax returns and extensions.
Researched federal, state and local tax issues and drafted technical memoranda.
Assisted with audits from various taxing authorities. From 1994 to 1995 (1 year) Greater New York City AreaRevenue Agent @ Responsible for conducting audits of a wide range of diverse large corporate and business returns.
Managed a large caseload of ongoing audits from inception through final resolution.
Negotiated settlements with taxpayers and their representatives.
Prepared recommendations for case resolution and documented cases for appellate litigation.
Examined and reviewed corporate and individual tax returns to determine compliance with IRS laws and regulations.
Proposed adjustments to tax returns following comprehensive field and office examinations.
Researched complex tax issues utilizing case law, IRS publications and other sources. From 1991 to 1994 (3 years) Greater New York City Area
Master of Business Administration (MBA), Accounting @ Fordham University - Graduate School of Business Administration From 2015 to 2019 Master of Science (MS), Taxation @ Fordham University - Graduate School of Business AdministrationBachelor of Arts (BA), Rhetoric & Communication @ State University of New York at Albany Kenneth Steinberg, MST, MBA is skilled in: International Tax, Tax Research, Preparation, Project Planning, FIN 48, UK Corporation Tax, Analysis, IRS, Provision, Corporate Tax, Tax Accounting, Tax, Tax Law, Income Tax, Accounting
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