Thoughs on Industry M&A Tax or IRS Revenue Agent (LB&I) exit from Big 4 Tax Manager?

I haven't worked specifically in M&A tax but my background is ITS so I've worked on a number of M&A transactions. Opportunity to be an M&A Manager for a fintech company, 100% remote. Seems like there would be some busy times but no more tax compliance. The IRS is appealing due to the benefits and strict 40 hour work week but I would be taking a 20k pay cut, although the cost of benefits is likely less.

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IRS is also going to cap your earning potential in the future. You’ll be on the GS scale.

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The WLB is amazing at the IRS and most jobs can’t compete with it. SD1 is correct that you would be capped by the GS scale, so if money is very high on your priorities then M&A would be the better route.

I guess that really only matters if your going to make a permanent career out of it. Just like any other job, you don’t have to stay there forever and externals will hire you back. Also many positions are open within the IRS so once you get your foot in the door, you can apply to other internal positions very easily and even go management or executive route where there is higher pay and not on the Gs scale.

One thing I would recommend is assuming you like ITS, don’t go for a generic RA position. Try to find a cross border - revenue agent position because your skills should overlap and further your experience. If your try a generic RA position, they typically give the international work to a CBA (it’s more procedures than logical thinking that determine this unfortunately).

Also don’t apply for a GS13 go for a 14 (15s are very rare in LB&I) and also negotiate your step if you do get a tentative offer (this is very important). Don’t take the step 1 or whatever they try to give you.

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Yah 30% is tough, I left before they trued up the salaries so it’s was like 3.5% paycut for me but felt like a no-brainer cuz I was paid for 40 hours a week.

In your case it’s a trade off of personal time vs money…what are you valuing more at this point in your life? Also don’t forget that you can always leave. Doing some time away from PA helps get your sanity back/ provides you with different perspective and if it’s not right for you then you make another move that works for you.

Whether IRS experience is highly viewed or not, don’t forget you still have 10 years of experience in PA which has a high value and it doesn’t diminish the moment you leave and working at the IRS doing TP work is still valuable experience despite what some people may say.

Do you actually have offers? As someone who is involved in hiring M&A/planning people, it’s a pretty strange company that’s hiring for a M&A position and looking people that well don’t have any M&A experience.

I think you missed the part where I mentioned I have worked on a number of M&A transactions even though I'm in international tax. Typically in our office if clients don't want to pay the M&A price, it gets booted to our team because we will do the work for less.

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Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



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