Indiana University Takes Top Honors at 18th Annual Deloitte FanTAXtic National Case Study Competition

Nine student teams participate in tax business simulation competition held at Deloitte University

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Jan 22, 2019, 12:00 ET

WESTLAKE, Texas, Jan. 22, 2019 /PRNewswire/ -- A team of students from Indiana University claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case. This year's case incorporated tax reform planning, challenging students to determine if a fictional company should continue as an S Corp or convert to a C Corp. The national finals were held Jan. 18-20 at Deloitte University, Deloitte's landmark campus for learning and leadership development.

"I applaud all of the students that participated in this competition for their hard work and innovative thinking to solve this year's business case challenge," said Steve Kimble, chairman and CEO, Deloitte Tax LLP. "These students are truly getting a real-world experience that introduces them to the possibilities of a career in tax, and they have the opportunity to showcase their technical proficiency and bold ideas to deliver outstanding solutions."

Competition results

First place team: Indiana University
Second place team: University of Illinois – Chicago
Third place team: Syracuse University
The other teams that participated were: Fordham University, University of Nebraska, North Carolina State University, University of Northern Iowa, Texas A&M University, and the University of Utah.

"The Deloitte FanTAXtic case competition is such a valuable experience for our students," said Indiana University Professor Sandra Owen. "The use of real business case challenges allows our students to further develop their analytical, research and communication skills. They are also inspired by the Deloitte professionals with whom they interact throughout the program. We appreciate the opportunity to participate in this case competition and Deloitte's commitment and sponsorship of this program."

"The Deloitte Foundation is proud to have hosted the 18^th annual FanTAXtic competition. The program offers students a preview of the tax work experience while helping prepare the future generation of talent," said Vickie Carr, partner, Deloitte Tax LLP and Deloitte Foundation board member. "It is always exciting to see students working together and using their knowledge and diverse skills to deliver solutions to the business case."

Each of the nine teams participating in the national competition won the Deloitte FanTAXtic contest in their respective U.S. regions. Before the final competition, nearly 60 teams representing over 40 colleges and universities participated in regional qualifier events at Deloitte offices throughout the U.S., Nov. 9-10, 2018.

Sponsored by Deloitte Tax LLP and supported by the Deloitte Foundation, FanTAXtic has engaged nearly 6,000 students since inception in 2002 and is designed to educate and prepare the next generation of tax talent for a career in business and tax. To learn more about Deloitte FanTAXtic, please email [email protected].

About Deloitte Foundation
The Deloitte Foundation, founded in 1928, is a not-for-profit organization that supports education in the U.S. through a variety of initiatives that help develop the talent of the future and their influencers and promote excellence in teaching, research and curriculum innovation. The Foundation sponsors an array of national programs relevant to a variety of professional services, benefiting middle/high school students, undergraduates, graduate students and educators. Learn more about the Deloitte Foundation.

About Deloitte Tax LLP
Deloitte Tax LLP helps clients lead the transformation of the tax function into a strategic partner that supports growth and sustained profitability within an organization. With deep experience across a broad range of services and industries, Deloitte Tax LLP has more than 10,000 trusted advisors who combine their knowledge of tax technical resources and technology to uncover insights and smarter solutions for clients in today's complex global and regulatory environment. For more information visit http://www.deloitte.com/us/tax. Join us on twitter @DeloitteTax.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

SOURCE Deloitte