Tax Associate, State and Local Tax

About the Role

KPMG is seeking a Tax Associate to join their State & Local Tax (SALT) practice, focusing on Mergers and Acquisitions (M&A). This role is for a Summer/Fall 2027 internship.

Key Responsibilities

• Work within 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 SALT matters within M&A.
• Identify SALT opportunities related to acquisition or disposition structuring.
• Identify and 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, including income tax, indirect taxes (sales/use tax, gross receipts tax, franchise tax, employment tax), and unclaimed property.
• Utilize Excel skills to model state and local tax exposures, effective tax rates, and costs for structuring stock and asset acquisitions/dispositions.
• Draft due diligence reports addressing state and local tax findings.
• Read and draft comments on transaction-related documents (e.g., purchase agreements, acquisition structure decks, 100 Day Plans) based on due diligence information.
• Model state and local tax attribute limitations (e.g., IRC section 382) following a transaction.
• Identify and incorporate state or local tax nuances into complex tax models prepared by federal tax colleagues with technical accuracy.
• Build capabilities in key technologies for client service delivery, such as artificial intelligence (AI), Alteryx, and Power BI.

Requirements & Tech Stack

• Microsoft Office Applications: Excel, PowerPoint, Word, and Outlook.
• Key Technologies: Artificial Intelligence (AI), Alteryx, Power BI.

Qualifications

• Currently pursuing or have obtained within the past 12 months:
• Bachelor's and/or Master's 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.
• Pursuing state-specific education requirements to be a licensed Certified Public Accountant (CPA) in the principal place of business.
• Preferred GPA of 3.0 or above.
• Coursework or minor in information systems, software engineering, computer science, or data and analytics preferred.
• Knowledge of a broad range of corporate, partnership, and international tax law, with an interest in mergers, acquisitions, and other transactional work.
• Strong technical skills, 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 environment.
• Demonstrated quality service mindset, strong technical aptitude, and ability to learn and navigate technologies.
• Excellent communication, time management, and leadership skills.
• 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.
• Ability to travel and/or work on-site at client premises as needed.
• Authorized to work in the U.S. without the need for employment-based visa sponsorship.