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International Tax Accountant

3 months ago


Houston, United States NOV Inc. Full time

The International Tax Accountant assists in preparation of Form 1118, Foreign Tax Credit - Corporations, and supporting schedules and allocations. Perform associated calculations, including CFC stock basis, overall tax basis of assets, and interest expense apportionment. Properly source trial balances for Form 1118 reporting. Prepares Forms 5471, 5472, 8865, and 8858 and required disclosure statements. Research and document return related tax issues as necessary.

**Responsibilities**
- Assist in preparation of Form 1118, Foreign Tax Credit - Corporations, and supporting schedules and allocations. Perform associated calculations, including CFC stock basis, overall tax basis of assets, and interest expense apportionment. Properly source trial balances for Form 1118 reporting.
- Prepare Forms 5471, 5472, 8865, and 8858 and required disclosure statements. Research and document return related tax issues as necessary.
- Analyze financial statement information for the quarterly tax provision and prepare schedule of permanent differences related to foreign inclusions, including Section 78 gross-ups, Global Intangible Low-Taxed Income (GILTI) inclusions, and Subpart F inclusions, especially Foreign Base Company Income (FBCI) calculations. Analyze entity ledgers for Section 901 foreign tax credits and calculate overall foreign tax credit. Analyze dividends for proper reporting and inclusion in the quarterly tax provision.
- Assist with projects related to restructuring and acquisition implementation, including preparation and filing of Forms SS-4, Forms 8832, Forms 8023, Forms 8883, Forms 8594, FIRPTA filings, and other miscellaneous filings.
- Research and document tax consequences of entity formations in various tax jurisdictions and provide guidance to local country personnel when requested.
- Assist with Information Document Requests (IDRs) issued by the IRS exam team for tax years under audit, if applicable.
- Conduct special projects as necessary and liaise with other departments, including business segment and regional tax personnel, corporate and business segment accounting, legal, and treasury.
- Provide guidance to third party service provider loan staff, if applicable.

**Skills & Experience Required**
- Certified Public Accountant preferred
- 1-2 years work experience in International Tax; Big 4 international tax experience preferred
- Bachelor’s degree with emphasis in Accounting and advanced degree in Accounting, Taxation, or Law
- Knowledge of CorpTax compliance software preferred