Debbie Lenz Clark has been a tax professional in Atlanta for over 20 years focusing on accounting for income taxes, income tax compliance and audit defense. Her experience in large corporate tax departments and Big 4 firms enables her to work well within in a corporate tax environment and to partner with other departments and stakeholders. To help you further evaluate her abilities, here is a listing of Debbie’s experience:
- Tax Accounting: Debbie has been responsible for establishing an in-house tax function for a private-equity-owned company with revenues in excess of $2.5B. She managed all aspects of accounting for income taxes, including preparing monthly accounting entries and tax account reconciliations, determining proper treatment of new items and non-routine transactions, providing provision to return true-up analysis, drafting tax footnote disclosures, interfacing with external auditors, and providing budgets for tax provision and tax payments. She has also coordinated the evaluation and categorization of federal income tax positions for ASC 740-10 (FIN 48) and been responsible for the accounting for IRS audit settlements.
- Tax Compliance: Debbie has managed nearly all aspects of the income tax compliance function, including quarterly estimate and extension calculations, separate company and consolidated corporate returns and partnership returns. She also oversaw compliance with Foreign Bank Account Reporting (FBAR) and Reportable Transactions regimes, including corporate-wide awareness training and regular canvassing.
- Audit Defense: Debbie has an excellent understanding of IRS practice and procedure and has served as the primary point of contact for IRS audits of Fortune 500 companies. Her experience encompasses planning the audit, managing the IRS request (IDR) process, negotiation and resolution of issues through the IRS Appeals level, evaluation of settlement options, interest calculations and managing notices.
Debbie’s prior employers include: CSM Bakery Solutions, LLC, SunTrust Banks Inc., BellSouth Corporation (now AT&T), Arthur Andersen and Deloitte.
Debbie earned her Bachelor of Science in Business with a major in Accounting from Virginia Tech.