Federal Tax Services Internship at RSM in Salt Lake City: Your Path to a Successful Career

Are you an accounting student looking for a dynamic and rewarding internship experience? RSM in Salt Lake City is offering a Federal Tax Services Internship for the Summer of 2027 that could be the perfect launchpad for your career. This internship provides hands-on experience in a variety of tax specialties, offering invaluable exposure to the world of federal taxation. Here’s a comprehensive look at what this internship entails, why Salt Lake City is a great place to work, and how RSM supports its employees' growth and well-being.

Role Overview: Federal Tax Services Intern

As a Federal Tax Services Intern at RSM, you will be an integral part of a team that focuses on a wide range of tax specialty areas. These areas include accounting for income taxes, accounting methods and periods, corporate taxation, federal credits and incentives, individual taxation, mergers and acquisitions, pass-through entity taxation, private client services, and not-for-profit organizations. This broad exposure allows you to explore different facets of tax services and identify your areas of interest.

Your responsibilities will include completing tax planning and research, preparing federal and state & local tax returns, and understanding tax regulations and accounting pronouncements. This hands-on experience will provide you with a solid foundation in tax principles and practices, setting you up for success in your future career.

A Day in the Life of a Federal Tax Services Intern

A typical day for a Federal Tax Services Intern at RSM might involve:

• Participating in Team Meetings: Collaborating with team members to discuss project updates, share insights, and brainstorm solutions.
• Conducting Tax Research: Using online databases and resources to research tax laws, regulations, and court cases relevant to client projects.
• Preparing Tax Returns: Assisting in the preparation of federal and state tax returns for various clients, ensuring accuracy and compliance with regulations.
• Performing Tax Planning: Helping to develop tax strategies for clients to minimize their tax liabilities and maximize their financial well-being.
• Analyzing Financial Data: Reviewing financial statements and other documents to identify potential tax issues and opportunities.
• Communicating with Clients: Interacting with clients to gather information, answer questions, and provide updates on the status of their tax matters.
• Attending Training Sessions: Participating in training sessions to enhance your knowledge of tax laws, regulations, and industry best practices.

Why Salt Lake City?

Salt Lake City offers a unique blend of professional opportunities and a high quality of life. Here are a few reasons why Salt Lake City is an excellent location for this internship:

• Growing Economy: Salt Lake City has a thriving economy with a diverse range of industries, including technology, healthcare, finance, and professional services. This provides ample opportunities for career growth and development.
• Affordable Cost of Living: Compared to other major metropolitan areas, Salt Lake City offers a relatively affordable cost of living, making it a great place to live and work, especially for students and young professionals.
• Outdoor Recreation: With its stunning natural landscapes, including the nearby Wasatch Mountains, Salt Lake City is a haven for outdoor enthusiasts. You can enjoy activities such as skiing, snowboarding, hiking, and mountain biking just a short drive from the city.
• Cultural Attractions: Salt Lake City boasts a vibrant cultural scene, with museums, theaters, music venues, and art galleries offering a wide range of entertainment options.
• Friendly Community: Salt Lake City is known for its friendly and welcoming community, making it easy to meet new people and build lasting relationships.

Career Path at RSM

An internship with RSM is more than just a temporary job; it's a potential pathway to a successful career. Many RSM interns receive full-time job offers after graduation. Here’s a typical career progression within the Federal Tax Services line:

• Intern: As an intern, you'll gain hands-on experience and develop a solid foundation in tax principles and practices.
• Associate: After graduation, you may be hired as an Associate, where you'll continue to develop your technical skills and work on increasingly complex projects.
• Senior Associate: With experience and strong performance, you can advance to the role of Senior Associate, where you'll take on more responsibility for managing projects and mentoring junior staff.
• Manager: As a Manager, you'll lead teams of tax professionals and manage client relationships, playing a key role in delivering high-quality tax services.
• Senior Manager: Senior Managers are responsible for overseeing multiple projects and teams, as well as developing new business opportunities.
• Partner/Principal: At the highest level, Partners and Principals are leaders within the firm, responsible for setting strategic direction, managing client relationships, and driving growth.

Salary and Benefits

RSM offers a competitive compensation and benefits package to attract and retain top talent. While the exact salary for this internship is not specified, a reasonable estimate for a summer intern in Salt Lake City, Utah ranges from $45,000 to $60,000 annually, prorated for the duration of the internship.

In addition to competitive pay, RSM offers a comprehensive benefits package that includes:

• Health Insurance: Medical, dental, and vision coverage to keep you and your family healthy.
• Paid Time Off: Generous vacation, sick leave, and holidays to help you balance work and life.
• Retirement Plan: A 401(k) plan with company match to help you save for your future.
• Employee Assistance Program: Confidential counseling and support services to help you manage personal and professional challenges.
• Professional Development: Opportunities for training, certifications, and continuing education to enhance your skills and advance your career.
• Flexible Work Arrangements: Options for flexible work schedules and remote work to help you balance your personal and professional obligations.

RSM Culture: A People-First Approach

RSM's culture is built on a foundation of respect, integrity, and collaboration. The firm is committed to creating a supportive and inclusive environment where all employees can thrive. RSM values diversity and believes that a diverse workforce is essential to its success. The firm also places a strong emphasis on work-life balance, recognizing that employees are most productive when they have time to recharge and pursue their personal interests.

RSM is committed to providing equal opportunities for all applicants and employees. The firm does not discriminate on the basis of race, color, creed, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other characteristic protected by law. RSM also provides reasonable accommodations for applicants and employees with disabilities.

How to Apply

Applying for the Federal Tax Services Internship at RSM is easy. Simply visit the RSM careers website and search for internships in Salt Lake City. Follow the instructions to submit your application, including your resume, cover letter, and transcripts. Be sure to highlight your academic achievements, relevant skills, and any previous internship or work experience. Also, clearly articulate your passion for tax and why you want to intern with RSM.

Frequently Asked Questions (FAQ)

1. What are the eligibility requirements for the internship?
   To be eligible for the internship, you must have completed at least 90 credit hours towards a B.A. or B.S. degree in accounting or a related field. A minimum 3.0 GPA is preferred.
2. What skills are most important for success in this role?
   Strong analytical, problem-solving, and communication skills are essential. Proficiency in Microsoft Excel is also highly valued.
3. What opportunities are there for professional development at RSM?
   RSM offers a wide range of professional development opportunities, including training programs, certifications, and continuing education courses.
4. What is the work environment like at RSM?
   RSM fosters a collaborative, supportive, and inclusive work environment where employees are encouraged to learn, grow, and contribute their best work.
5. Does RSM offer full-time job opportunities after the internship?
   Yes, many RSM interns receive full-time job offers after graduation.
6. What is the dress code at RSM?
   The dress code at RSM is business casual.
7. Are there opportunities for community involvement at RSM?
   Yes, RSM is committed to giving back to the community and offers employees numerous opportunities to volunteer and support local organizations.
8. What is RSM's approach to diversity and inclusion?
   RSM values diversity and is committed to creating an inclusive environment where all employees feel welcome, respected, and valued.
9. How does RSM support work-life balance?
   RSM offers flexible work arrangements, generous paid time off, and other benefits to help employees balance their personal and professional obligations.
10. What sets RSM apart from other accounting firms?
    RSM's commitment to its people, its strong culture, and its focus on providing exceptional client service set it apart from other accounting firms.