Tax Examiner is an exciting career option. Every government collects taxes from various resources. In order to execute the taxation responsibilities, government employs tax examiners. The responsibility of a tax examiner is to examine tax returns, identify taxes payable, conduct audits, collect overdue tax dollars, etc.
Nature of the Work
Tax examiners execute same work whether they are hired by the State, Federal or local government. They examine filed tax returns for appropriateness and decide whether law permits tax deductions and credits. Various states evaluate individual income taxes based upon the taxpayer's informed federal attuned gross income.
Subsequently, state tax examiners determine whether the adjustments influence the state tax liability of a taxpayer. The taxation work includes the need to decide the accurate claims for refunds. Tax examiners generally cope with the simplest tax returns. Many tax examiners execute clerical duties at the entry level. These duties include assessing tax returns and registering them into a computer system for processing. A tax examiner has to contact the taxpayer if there is any problem regarding tax.
Tax examiner's job also involves ensuring the tax credits and deductions claimed by legitimate taxpayers. A tax examiner has to contact taxpayers through telephone or mail to address divergences and request supporting documentation. Tax examiner may inform taxpayers of any underpayment or overpayment and issues like request for further payment or refund.
If a taxpayer is indebted addition taxes, tax examiner regulates the total amount by evaluating fees, penalties and interest informing the taxpayer of the entire liability. Even though most tax examiners deal with straight forward returns, some may work in complex tax areas like business net operating losses.
The responsibilities of tax examiners are to conduct audits, tax returns, collect overdue taxes, and identify taxes payable. Tax examiners attempt and attain the revenues owed to the government by businessmen and citizens. A tax examiner assesses filed tax returns for accuracy. They also conform whether tax deduction and credits are lawful.
A tax examiner hired by the Federal government offers any corrections they make to tax returns to the states. The state tax examiner has to decide whether the modification affects the state tax liability of the taxpayer. A revenue agent works with U.S. Internal Revenue Service (IRS) and similar local and state government agencies. A revenue agent specializes in accounting related to tax. They audit returns for correctness and work with excise tax returns of businesses, complex sales, income, and large organization.
Collectors are also termed as tax examiners. A collector works with taxpayers to conform how to settle the liability. The responsibilities of a tax examiner are given below.
Responsibilities
Job Characteristics
A tax examiner may get stressed, as it is likely to come due to workload. A tax examiner has to be honest as he/she deals with confidential personal and financial information. A tax examiner ought to have good analytical skills and should be good at numbers. Tax examiners must possess time management skills. Generally, a tax examiner works 40 hours a week. Nonetheless, overtime might be required during the tax season.
Employment Outlook
The employment growth is projected to grow at 2 percent from 2006 to 2016. The flexibility in the government policies has maximized job opportunities to the expert professionals. The emergence of new organizations also created the great demand for tax examiners. Candidates possessing the knowledge of tax laws and experience in related field have the best opportunities across the globe.
Educational Qualification
Generally, tax examiners have a bachelor's degree. Some of the tax examiners have completed a degree in accounting or allied subjects. Nonetheless, relevant experience with post secondary education is enough for the job.
Candidates must have completed a bachelor's degree or have similar experience for Federal government jobs. For local and state government jobs, candidates ought to have a relevant degree along with specialized experience.
However, the educational requirements and specific training vary by professional specialty. Some of the organizations offer formal training to employees. Candidates who have completed high school diploma and have ample experience in related sphere can get a job in the field of tax. Candidates willing to become tax examiners must take special courses in tax, laws, accounting, finance, auditing, and other subjects related to accounting.
Finally, a career as tax examiner is challenging at the same time exciting and highly remunerated job option.