Tax Associate, State and Local Tax

About the Role

KPMG is seeking a Tax Associate to join their State & Local Tax practice within the Financial Reporting View (FRV) team. This role focuses on Mergers and Acquisitions (M&A) and is for a Summer/Fall 2027 internship in Raleigh.

Key Responsibilities

• Work as part of a multi-disciplinary team to deliver transaction-related tax due diligence and acquisition structuring services to buyers and sellers.
• Advise private equity and commercial clients on transaction-related State and Local Tax (SALT) matters relevant to M&A.
• Identify SALT opportunities related to acquisition or disposition structuring steps.
• Identify and deliver/support post-transaction integration requirements.
• Work to secure new client relationships with newly acquired business entities of private equity clients.
• Identify and calculate pre-transaction SALT exposures related to:
• Income tax
• Indirect taxes (sales/use tax, gross receipts tax, franchise tax, employment tax)
• Unclaimed property
• Utilize enhanced Excel skills to model state and local tax exposures, state and local tax effective tax rates, and state and local tax costs for structuring stock and asset acquisitions and/or dispositions.
• Draft due diligence reports addressing SALT findings during due diligence.
• Read and draft comments on transaction-related documents (e.g., purchase agreements, acquisition structure deck, 100 Day Plan) based on information obtained during tax due diligence and other transaction-related services.
• Model state and local tax attribute limitations (e.g., IRC section 382) following a transaction.
• Model state and local tax differences between federal and state application of OB3.
• Read complex tax models prepared by federal tax colleagues to identify and incorporate any state or local tax nuances with technical accuracy.
• Build capabilities in key technologies for client service delivery such as artificial intelligence (AI), Alteryx, and Power BI.

Qualifications

• Must be pursuing and have obtained by the start date or have completed within the past 12 months:
• Bachelors and/or Masters degree in:
• Accounting
• Finance
• Taxation
• Mathematics
• Economics
• Information Technology
• Data and Analytics
• Engineering (Financial, Industrial or Systems)
• Or an equivalent program from an accredited college or university.
• Preferred Degrees/Areas of Study: Accounting and Taxation.
• Must be pursuing the state-specific education requirements to be a licensed Certified Public Accountant (CPA) in the principal place of business for this position, with completion of required academic credits prior to the start date.
• Preferred GPA: 3.0 or above.
• Preferred Coursework/Minor: Information systems, software engineering, computer science, or data and analytics.
• Knowledge of a broad range of corporate, partnership, and international tax law, with an interest in mergers, acquisitions, and other transactional work.
• Strong technical, business acumen, critical thinking, and agility skills.
• Demonstrated ability to excel and drive strategic outcomes, with a professional demeanor and collaborative leadership approach in a dynamic, evolving environment.
• Demonstrated quality service mindset.
• Strong technical aptitude.
• Ability to learn and navigate technologies such as artificial intelligence (AI), Alteryx, and Power BI.
• Proficient in MS Office Applications including Excel, PowerPoint, Word, and Outlook.
• Ability to apply emerging technologies to enhance tax processes and insights.
• Excellent communication, time management, and leadership skills.
• Feedback oriented and resourceful in delivering high-quality work.
• Must reside within a reasonably commutable distance to the office and be able to travel to reasonably commutable work locations using own means of transportation (personal vehicle or public transportation).
• Ability to travel and/or work on-site at client premises as needed, at times with relatively short notice.
• Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Note: KPMG LLP will not sponsor U.S. work visa status for this opportunity.