Federal Tax Advisor, International Paper

Rachel is a Federal Tax Advisor with International Paper, one of the largest paper manufacturing firms in the country. Her main role is split into two parts: prepare the company’s quarterly earnings reports and working on the provision for income taxes.

Transcript

>> My name is Rachel Epps, and I'm a Federal Tax Advisor at International Paper. I help with the Federal Taxes. We basically do everything compliance related to file the Federal Tax Return for International Paper, and we also help, since IP is a public company, we help with the earnings release each quarter. So all the tax lines that are on the earnings report, we have a direct impact on preparing the information that goes into those lines. When you're not working on the return, you're working on the earnings, and the provision for income taxes. So there's always something going one for sure. It just depends on the time of the year whether you're working on return or provision, but if you're working on return, you have a specific section of the tax return. You're analyzing whether it be meals and entertainment expense or rental expense. Whatever the line may be, you're analyzing the information, making sure it's being reported correctly when it's booked on the books by accounting, and making sure it gets put on the correct line on the tax return. It's provision. It's a little bit more estimate, because you don't have the full year picture, and so you're kind of working with limited information, but it's basically very similar to what you would do for the tax return, as well.

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