Does anyone know what exactly FSO Tax work entails? I been looking at that job for EY (HCOL) and would love to know more about it. Thanks!

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K1 sweat shop like other big 4’s.

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Do you need to have specialized knowledge? Or do they teach you?

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What area of FSO tax? FSO is just a business unit. It is not a kind of tax. All financial services companies are FSO instead of a geographic business unit. So FSO tax is just tax for financial services companies. An FSO tax role could be international, salt, federal for example. It could be partnership or corporate work.

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DSG could be doing anything listed above. You don’t go into a specific group until you are a senior

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You’ll probably work on mainly banks, private equity, and hedge funds. Either corps or partnerships. In the hedge fund/PE side, adjustments are fairly specialized, such as straddles, wash sales, items related to acquisitions, sales, etc. Allocations are really specialized in the tax world - open ended funds and unrealized gains with sometimes hundreds of investors means a particularly complex allocation calculation.

I had fun with it but I wouldn’t go back to it again. It’s extremely niche relative to the broader tax world. Outside of these niche topics, I realized I learned almost nothing relevant. Pay is pretty good for a big 4 tax role. I regularly got paid more than anyone else of my level, when comparing on the salary compensation threads.

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That’s fair, I edited my comment. No idea what the banking or insurance side did.

Long hours. Partnership tax work (compliance heavy).

Many don’t touch partnerships at all. Not all FSO is WAM

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