Real Estate Accounting
Resume:
Professional Experience
A variety of successful experiences in large and mid-market organizations
demonstrates strong finance, accounting, and tax expertise in several
industries. Particular strengths are found in tax compliance, tax research
and writing skills, systems implementations, IRS audit support, and process
documentation and streamlining.
Principal Areas of Practice
I have provided clients and companies with expertise in federal, state, and
international tax compliance, and IRS audit support. I am a seasoned tax
professional with over 25 years experience in public and corporate tax
compliance and planning in Big 4 and Fortune 500 corporations.
My public and industry tax expertise includes regulatory filings for
federal and state purposes for the following entity types:
. Corporations, including consolidations and subconsolidations, and
state combined and consolidated returns,
. International corporate entities
. Partnerships,
. Limited liability companies, including composite filings,
. S-corporations,
. Trusts and estates,
. Non-profit, and
. Individuals, including expatriates.
Additional expertise includes the preparation of financial reporting
disclosures, including FAS 109 computation and disclosure, FIN 48 analysis,
research for and preparation of filings for changes in tax accounting
methods.
Major Projects and Positions Held
A.H. Belo Corporation
. Prepared Quarterly FAS 109 and provision computations and analysis.
. Prepared Deferred Tax Study and discovered over $1 million tax savings
not utilized in consolidated tax return.
. Resolve and clear state notices.
ACS, Inc.
. Prepared and reviewed federal, state and international corporate tax
returns.
. Prepared and reviewed FAS 109 computations and analysis for provision of
federal and state tax purposes.
. FIN 48 analysis
. IRS audit support
. Researched and documented combined and consolidated state net operating
loss utilization law, Section 382 analysis and adjusted net operating
loss carry-forward schedules for state and federal purposes.
. Mergers and Acquisition analysis and support.
. Researched and prepared state audit information document requests.
. Prepared and reviewed state amended returns for to recognize benefits
from IRS RARs and other amended return adjustments.
. Prepared 5471 and 8865 and other international tax support for federal
return.
. Prepared transfer pricing support.
KPMG LLP
. Worked as manager on income tax outsourcing engagements.
. Prepared and reviewed FAS 109 calculations and income tax footnote.
. Worked on FIN 48 projects for domestic and multi-national corporations.
. Prepared and reviewed federal and states' consolidated income tax
returns, extensions and estimated payments for corporations.
. Worked on tax accounting method changes.
. Helped clients with IRS IDRs and responded to various IRS and states'
revenue department inquiries to help mitigate clients' exposure.
. Managed staff on compliance and consulting projects.
. Researched various federal and state issues.
. Received four ENCORE awards for job excellence.
. Major clients included Rexel, Alon, The Parker Group, Hitachi Consulting,
AMX, Cheddars, Heritage Auctions Inc. CompUSA.
Kathleen M. McCarthy, CPA
Areas of Practice
. Tax Planning - Federal & State
. Tax Compliance & Reporting:
. Federal compliance, including Form 1120 (large consolidations and
subconsolidations)
. State/ Multi-state compliance, including combined and consolidated
returns
. International compliance, including Forms 1118, 5471, 5472, 8865, 8858
and Transfer Pricing
. Tax Research - Advanced:
. Revenue Recognition
. Earn out payments
. Incentive Stock Plans
. NOL carry forwards
. Mixed Service costs
. Repairs and Maintenance
. Mergers & Acquisitions - Due Diligence and Integration both Foreign &
Domestic
. IRS Audit Management & Support
. FAS 109 Reporting
. FIN 48 Analysis and Reporting
. Advanced Financial Analysis
. Advanced Account Reconciliations
. Spreadsheet Modeling & Analysis
. Form 3115, Change in Accounting Methods - Research, documentation, and
preparation
. Fixed Assets
. Software Implementations
Industry Lines
. Public Accounting - Big 4
. Utilities - Electric & Gas
. Energy
. IT Consulting
. Manufacturing
. Retail
. Real Estate
. Services
. Oil & Gas
. Government Contractors
. Insurance
. HealthCare
Computer Applications
. CorpTax ETS and CorpTax CS
. ProSystem FX
. Insource/Gosystems/Fast Tax/eForms
. TaxStream
. CCH, RIA, and BNA online tax research (advanced)
. Vertex (Federal / State Income module)
. PeopleSoft
. Hyperion
. SAP
. Quick Books
. FAS 100 Asset Accounting
. Microsoft Excel (Advanced)
. Microsoft Access
Education/Qualifications
. Certified Public Accountant (TX&LA)
. M.B.A. Southern Methodist Univ.
. B.S. Accounting Univ. of N.O.
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Kathleen M. McCarthy CPA
Dallas TX 75243
8614 Vista View Drive
***********@*****.***
Kathleen M. McCarthy, CPA
Areas of Practice
. Tax Planning - Federal & State
. Tax Compliance & Reporting:
. Federal compliance, including Form 1120 (large consolidations and
subconsolidations)
. State/ Multi-state compliance, including combined and consolidated
returns
. International compliance, including Forms 1118, 5471, 5472, 8865, 8858
and Transfer Pricing
. Tax Research - Advanced:
. Revenue Recognition
. Earn out payments
. Incentive Stock Plans
. NOL carry forwards
. Mixed Service costs
. Repairs and Maintenance
. Mergers & Acquisitions - Due Diligence and Integration both Foreign &
Domestic
. IRS Audit Management & Support
. FAS 109 Reporting
. FIN 48 Analysis and Reporting
. Advanced Financial Analysis
. Advanced Account Reconciliations
. Spreadsheet Modeling & Analysis
. Form 3115, Change in Accounting Methods - Research, documentation, and
preparation
. Fixed Assets
. Software Implementations
Industry Lines
. Public Accounting - Big 4
. Utilities - Electric & Gas
. Energy
. IT Consulting
. Manufacturing
. Retail
. Real Estate
. Services
. Oil & Gas
. Government Contractors
. Insurance
. HealthCare
Computer Applications
. CorpTax ETS and CorpTax CS
. ProSystem FX
. Insource/Gosystems/Fast Tax/eForms
. TaxStream
. CCH, RIA, and BNA online tax research (advanced)
. Vertex (Federal / State Income module)
. PeopleSoft
. Hyperion
. SAP
. Quick Books
. FAS 100 Asset Accounting
. Microsoft Excel (Advanced)
. Microsoft Access
Education/Qualifications
. Certified Public Accountant (TX&LA)
. M.B.A. Southern Methodist Univ.
. B.S. Accounting Univ. of N.O.
Experience - continued
Dean Foods
. Prepared and reviewed federal, state corporate and partnership tax
returns.
. Prepared FAS 109 computation for Federal provision, FIN 48 and footnote
disclosure. Also assisted in the implementation of TaxStream software
for FAS 109 reporting purposes.
. Improved standard work paper documentation to reduce review time.
Neiman Marcus
. As Tax Manager, reviewed federal, state corporate and partnership tax
returns.
. Prepared FAS 109 computation for Federal provision, FIN 48 analysis and
footnote disclosure.
Haggar, Inc.
. Reviewed and prepared federal, state corporate and partnership tax
returns.
. Prepared FAS 109 computation for Federal provision, FIN 48 analysis and
footnote disclosure.
. Implemented standard work paper documentation to reduce review and
preparation time.
Unity Hunt, Inc.
. As Tax Director, managed the federal, international and state tax
compliance and planning for over 150 corporate, partnership, LLCs, S-
Corps, individual and trust entities with investments in real estate, oil
& gas, including 3 hedge funds.
. Prepared and reviewed tax provisions in compliance with FAS 109.
. Implemented standard work paper documentation to reduce review and
preparation time.
Allegiance Telecom, Inc.
. As Tax Director, managed the formation of internal tax department and
management of outsourced tax processes with third parties.
. Managed the integration of corporate acquisitions saving over $7 million
in sales taxes.
. Reviewed and reorganized asset purchasing process to establish sales tax
accounting procedures saving over $5 million in sales taxes.
. Managed the data integrity and financial review of competitive local
exchange carrier's tax billing system recouping $500,000 in overpaid city
franchise taxes.
. Developed tax billing guidelines and information for training customer
relations representatives.
Hudson Advisors, LLC
. Managed federal, international and state tax compliance for more than
300 corporate and partnership entities.
. Financial analysis, budgeting and planning for partnership interests.
. Review of acquisitions and new fund investments for three institutional
investment funds with real estate related assets and financial products
under management in excess of $3 billion in the U.S., United Kingdom,
Canada, Mexico, Japan, France, Germany and Korea.
. Implemented standard work paper documentation to reduce review and
preparation time
CSW Energy, Inc. / CSW International Inc.
. Managed tax compliance for U.S. and international entities as well tax
planning for mergers and acquisitions to optimize federal and
international accounting tax benefits and opportunities.
. Coordinate tax budget forecasting, preparation and review of FAS 109
provisions for monthly financial accrual and audited financial
statements.
. Coordinate tax and financial reporting for partnership and joint venture
entities with operations in the U.S., Brazil, Chile, Mexico, United
Kingdom, Netherlands and Turkey.
. Performed financial modeling and tax analysis for domestic and
international companies including the acquisitions of power project
investments.
PricewaterhouseCoopers, LLC
. Supervised the preparation of federal, state and local tax returns for
corporate and partnership clients with interests in oil & gas, real
estate, communications and savings and loans.
. Assisted in system development and maintenance of program for tax
reporting for Master Limited Partnership (MLP) transactions.
. Performed due diligence for corporate and property acquisitions.
. Supervised computer accounting system conversion and training process for
master limited partnership clients.
Graham Resources, Inc.
. Supervised the federal, state and local tax reporting and compliance
responsibilities for oil and gas investment and management activities
consisting of 15 corporate and over 40 partnership and joint venture
entities with assets in excess of $1 billion.
. Performed due diligence for mergers and acquisitions.
Kathleen M. McCarthy, CPA
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