Farah Khumbatta
Tax Manager at PRICEWATERHOUSE COOPERS, S.C.- Claim this Profile
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Bio
Credentials
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Certified Public Accountant
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Experience
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Consultores360 y Asociados, S.C.
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India
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Financial Services
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200 - 300 Employee
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Tax Manager
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Sep 2021 - Present
• Managing and supervising federal tax compliance and tax quarterly provision projects on multiple clients • Responsible for reviewing and analysing quarterly financial statement forecasts and benchmarks for U.S. and all countries under Latin America and Europe • Leading and conducting calls with global senior tax leadership for Latin America and Europe to provide quarterly forecasted results on sales, inter-company management income/expense, operating expenses and book… Show more • Managing and supervising federal tax compliance and tax quarterly provision projects on multiple clients • Responsible for reviewing and analysing quarterly financial statement forecasts and benchmarks for U.S. and all countries under Latin America and Europe • Leading and conducting calls with global senior tax leadership for Latin America and Europe to provide quarterly forecasted results on sales, inter-company management income/expense, operating expenses and book income. • Involved in tax planning strategies based on forecasted financials • Responsible for approving and signing-off on local tax returns and quarterly tax provisions including GAAP to STAT adjustments prepared and reviewed by managers in Latin America and Europe • Responsible for validating cash payments over $1M • Conducting daily calls with Mumbai, Latin America and Europe to manage the progress on various projects so that the deliverables are made timely Show less • Managing and supervising federal tax compliance and tax quarterly provision projects on multiple clients • Responsible for reviewing and analysing quarterly financial statement forecasts and benchmarks for U.S. and all countries under Latin America and Europe • Leading and conducting calls with global senior tax leadership for Latin America and Europe to provide quarterly forecasted results on sales, inter-company management income/expense, operating expenses and book… Show more • Managing and supervising federal tax compliance and tax quarterly provision projects on multiple clients • Responsible for reviewing and analysing quarterly financial statement forecasts and benchmarks for U.S. and all countries under Latin America and Europe • Leading and conducting calls with global senior tax leadership for Latin America and Europe to provide quarterly forecasted results on sales, inter-company management income/expense, operating expenses and book income. • Involved in tax planning strategies based on forecasted financials • Responsible for approving and signing-off on local tax returns and quarterly tax provisions including GAAP to STAT adjustments prepared and reviewed by managers in Latin America and Europe • Responsible for validating cash payments over $1M • Conducting daily calls with Mumbai, Latin America and Europe to manage the progress on various projects so that the deliverables are made timely Show less
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Weatherford
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Ireland
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Oil and Gas
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700 & Above Employee
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Tax Compliance Senior Manager - Federal and State
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Nov 2015 - Sep 2021
• Responsible for supervising, leading and managing the federal and state compliance team to develop and promote team work, efficiency and growth • Reviewed and managed the timely filings of all federal & state tax returns • Reviewed and managed the quarterly U.S tax provision at quarter close and cash tax payments for both federal and state • Communicated and interacted with the senior Tax leadership weekly to provide updates on the Team’s progress and results • Responsible for… Show more • Responsible for supervising, leading and managing the federal and state compliance team to develop and promote team work, efficiency and growth • Reviewed and managed the timely filings of all federal & state tax returns • Reviewed and managed the quarterly U.S tax provision at quarter close and cash tax payments for both federal and state • Communicated and interacted with the senior Tax leadership weekly to provide updates on the Team’s progress and results • Responsible for assisting the federal and state audit team in providing the required supporting documentation during federal and state audits • Streamlined & automated workpapers and processes to increase efficiency, and to be in compliance with the company’s internal controls • Interviewed and hired federal and state professionals in accordance with tax compliance needs, and mentored/developed their tax technical skillset so they could meet their annual objectives in accordance with the company’s policies and procedures • Responsible for implementing policies and procedures in the tax department as proposed by the finance/tax senior leadership • Selected and engaged consultants during busy times to meet critical deadlines • Responsible for research (BNA/Checkpoint) on current tax laws for both federal and state Show less • Responsible for supervising, leading and managing the federal and state compliance team to develop and promote team work, efficiency and growth • Reviewed and managed the timely filings of all federal & state tax returns • Reviewed and managed the quarterly U.S tax provision at quarter close and cash tax payments for both federal and state • Communicated and interacted with the senior Tax leadership weekly to provide updates on the Team’s progress and results • Responsible for… Show more • Responsible for supervising, leading and managing the federal and state compliance team to develop and promote team work, efficiency and growth • Reviewed and managed the timely filings of all federal & state tax returns • Reviewed and managed the quarterly U.S tax provision at quarter close and cash tax payments for both federal and state • Communicated and interacted with the senior Tax leadership weekly to provide updates on the Team’s progress and results • Responsible for assisting the federal and state audit team in providing the required supporting documentation during federal and state audits • Streamlined & automated workpapers and processes to increase efficiency, and to be in compliance with the company’s internal controls • Interviewed and hired federal and state professionals in accordance with tax compliance needs, and mentored/developed their tax technical skillset so they could meet their annual objectives in accordance with the company’s policies and procedures • Responsible for implementing policies and procedures in the tax department as proposed by the finance/tax senior leadership • Selected and engaged consultants during busy times to meet critical deadlines • Responsible for research (BNA/Checkpoint) on current tax laws for both federal and state Show less
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CGG
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France
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Technology, Information and Internet
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700 & Above Employee
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Federal Tax Manager
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Aug 2007 - Oct 2015
• Assisted in overall planning and responsible for preparing the federal consolidated tax return • Responsible for preparing Section 460 computations on certain Marine surveys to accelerate tax deductions • Prepared tax depreciation and amortization in Excel for MACRs and 167(h), and book-tax reconciliations to identify correct net book value and net tax value for fixed assets • Analysed and prepared return to provision, and identified and explained variances • Provided timely and… Show more • Assisted in overall planning and responsible for preparing the federal consolidated tax return • Responsible for preparing Section 460 computations on certain Marine surveys to accelerate tax deductions • Prepared tax depreciation and amortization in Excel for MACRs and 167(h), and book-tax reconciliations to identify correct net book value and net tax value for fixed assets • Analysed and prepared return to provision, and identified and explained variances • Provided timely and accurate analysis of financial data in preparation of US Federal Income tax provision • Responsible for preparing deferred tax basis, and reconciling cumulative temporary differences to identify correct tax basis; both current and deferred • Prepared estimated federal tax payments • Responsible for research and development tax credit in accordance with Section 41 which included interviewing the engineers, collecting and analysing data and computing R&D tax credit • Responsible for researching IRS Regulations and issues that may affect particular tax attributes of legal entities • Worked with the IRS agents concerning current year and prior year tax audit requests, answered information demand requests, and analysed notice of proposed adjustments • Worked on special tax projects involving tax research and analysis • Worked with outside consultants on various internal projects, and served as a liaison between them and CGG Show less • Assisted in overall planning and responsible for preparing the federal consolidated tax return • Responsible for preparing Section 460 computations on certain Marine surveys to accelerate tax deductions • Prepared tax depreciation and amortization in Excel for MACRs and 167(h), and book-tax reconciliations to identify correct net book value and net tax value for fixed assets • Analysed and prepared return to provision, and identified and explained variances • Provided timely and… Show more • Assisted in overall planning and responsible for preparing the federal consolidated tax return • Responsible for preparing Section 460 computations on certain Marine surveys to accelerate tax deductions • Prepared tax depreciation and amortization in Excel for MACRs and 167(h), and book-tax reconciliations to identify correct net book value and net tax value for fixed assets • Analysed and prepared return to provision, and identified and explained variances • Provided timely and accurate analysis of financial data in preparation of US Federal Income tax provision • Responsible for preparing deferred tax basis, and reconciling cumulative temporary differences to identify correct tax basis; both current and deferred • Prepared estimated federal tax payments • Responsible for research and development tax credit in accordance with Section 41 which included interviewing the engineers, collecting and analysing data and computing R&D tax credit • Responsible for researching IRS Regulations and issues that may affect particular tax attributes of legal entities • Worked with the IRS agents concerning current year and prior year tax audit requests, answered information demand requests, and analysed notice of proposed adjustments • Worked on special tax projects involving tax research and analysis • Worked with outside consultants on various internal projects, and served as a liaison between them and CGG Show less
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PwC
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Professional Services
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700 & Above Employee
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Senior Tax Analyst
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Aug 1998 - Aug 2007
• Lead senior on several Tax Basis Balance Sheet projects for large publicly traded companies • Lead senior on several FIN48 implementation consulting projects for large publicly traded companies • Conducted income tax provision audits and U.S. consolidated income tax return reviews for Houston based large multi-nationals • Responsible for federal and state compliance outsourcing engagements including related tax technical matters • Lead senior on Section 199 manufacturing credit… Show more • Lead senior on several Tax Basis Balance Sheet projects for large publicly traded companies • Lead senior on several FIN48 implementation consulting projects for large publicly traded companies • Conducted income tax provision audits and U.S. consolidated income tax return reviews for Houston based large multi-nationals • Responsible for federal and state compliance outsourcing engagements including related tax technical matters • Lead senior on Section 199 manufacturing credit studies • Responsible for conducting section 174 / 41 research and development credit studies for large multi-nationals • Assisted in Sarbanes-Oxley 404 readiness engagements developing key controls to prevent and detect significant deficiencies or material weaknesses • Assisted on SFAS 109 Accounting for Income Taxes projects impacting the reporting and disclosure of income taxes for non-audit SEC clients • Assisted oil and gas clients with technical issues including delay rentals, interest capitalization 263(A), direct material, labour and overhead 263(A), IDC 263(C) and exploratory G&G costs. • Prepared and reviewed consolidated, combined and separate state tax returns • Provided work direction to tax staff on various aspects of federal income tax compliance and consulting projects • As lead senior, developed strong project management and people skills in a teaming environment. • Responsible for building large Access databases for federal tax compliance and consulting projects on large multi-nationals • Responsible for internal tax technical memorandums on various matters Show less • Lead senior on several Tax Basis Balance Sheet projects for large publicly traded companies • Lead senior on several FIN48 implementation consulting projects for large publicly traded companies • Conducted income tax provision audits and U.S. consolidated income tax return reviews for Houston based large multi-nationals • Responsible for federal and state compliance outsourcing engagements including related tax technical matters • Lead senior on Section 199 manufacturing credit… Show more • Lead senior on several Tax Basis Balance Sheet projects for large publicly traded companies • Lead senior on several FIN48 implementation consulting projects for large publicly traded companies • Conducted income tax provision audits and U.S. consolidated income tax return reviews for Houston based large multi-nationals • Responsible for federal and state compliance outsourcing engagements including related tax technical matters • Lead senior on Section 199 manufacturing credit studies • Responsible for conducting section 174 / 41 research and development credit studies for large multi-nationals • Assisted in Sarbanes-Oxley 404 readiness engagements developing key controls to prevent and detect significant deficiencies or material weaknesses • Assisted on SFAS 109 Accounting for Income Taxes projects impacting the reporting and disclosure of income taxes for non-audit SEC clients • Assisted oil and gas clients with technical issues including delay rentals, interest capitalization 263(A), direct material, labour and overhead 263(A), IDC 263(C) and exploratory G&G costs. • Prepared and reviewed consolidated, combined and separate state tax returns • Provided work direction to tax staff on various aspects of federal income tax compliance and consulting projects • As lead senior, developed strong project management and people skills in a teaming environment. • Responsible for building large Access databases for federal tax compliance and consulting projects on large multi-nationals • Responsible for internal tax technical memorandums on various matters Show less
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Education
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1994 -
University of Houston - Main Campus
Bachelor's degree, Accounting and Finance
Community
