Debbie Lenz Clark has been a tax professional in Atlanta for over 25 years focusing on accounting for income taxes, income tax compliance, and audit defense. Her experience in corporate tax departments, both large and small, and Big 4 firms enables her to quickly integrate into a corporate tax environment and to partner with other departments and stakeholders. Debbie can collaborate or work independently to support your team through preparation, review, project coordination, process improvement and staff training. To help you further evaluate her abilities, here is a listing of Debbie’s experience:
- Tax Accounting: Debbie was responsible for establishing an in-house tax function for a private-equity-owned company with revenues in excess of $2.5B. She has managed all aspects of accounting for income taxes including monthly tax accounting entries and tax account reconciliations, determining proper treatment of new items and non-routine transactions, provision to return true-up analysis, deferred proof analyses, payable proof analyses, tax footnote disclosures, interfacing with external auditors, managing notices, and providing budgets for tax provision and tax payments. She has also been responsible for accounting for IRS audit settlements, tracking tax attributes for a global business, and calculating and documenting the tax accounting impacts of a major business disposition. Debbie is an experienced OneSource Tax Provision (OTP) user of both tag and class configurations.
- ASC 740-10 (FIN48): Debbie has extensive experience in accounting for Uncertain Tax Positions (UTPs). She has managed all aspects of ASC 740-10 including: evaluation, categorization and measurement of UTPs; establishing and documenting processes including support for Sarbanes-Oxley (SOX) controls; statute of limitations tracking; accounting for UTPs including balance sheet classification; preparing journal entries and account reconciliations; preparing financial statement disclosures; summarizing ASC 740-10 provision and effective tax rate impacts; tax return disclosures; and computing interest and penalties on UTPs. Debbie is an experienced user of TaxInterest and the TaxInterest FIN48 add-in software.
- 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.
Prior to joining Steele Consulting, Debbie’s previous employers include CSM Bakery Solutions LLC, SunTrust Banks Inc., AT&T, Arthur Andersen and Deloitte.
Debbie earned her Bachelor of Science in Business with a major in Accounting from Virginia Tech.