How Do I Become A Tax Examiner?

What Does a Tax Examiner Do?

A tax examiner is responsible for reviewing tax returns and supporting documents to ensure compliance with tax laws and regulations. They may also conduct audits and investigations to verify the accuracy of reported information. Tax examiners work for government agencies, such as the Internal Revenue Service (IRS), and play a crucial role in enforcing tax laws and collecting revenue for the government.

Educational Requirements

To become a tax examiner, you typically need a bachelor’s degree in accounting, finance, or a related field. Some employers may accept candidates with relevant work experience in lieu of a degree. It is beneficial to take coursework in taxation, auditing, and financial accounting to gain a solid foundation in tax principles and regulations.

Obtaining Relevant Experience

While pursuing your degree, it is advisable to seek internships or part-time positions in tax departments of accounting firms or government agencies. This will provide you with practical experience in tax preparation, compliance, and auditing. Additionally, consider attending workshops or seminars related to tax law updates and changes to stay current with industry practices.

Developing Key Skills

As a tax examiner, you will need to possess various skills to succeed in your role. Attention to detail is crucial, as you will be reviewing complex financial documents and identifying errors or discrepancies. Strong analytical and problem-solving skills are also essential for conducting audits and investigations. Additionally, excellent communication skills are necessary to effectively communicate with taxpayers, explain audit findings, and resolve any issues that may arise.

Getting Certified

While certification is not always mandatory, obtaining professional certifications can enhance your job prospects and demonstrate your expertise in tax examination. The IRS offers the Enrolled Agent (EA) certification, which requires passing a comprehensive examination covering individual and business tax matters. Other certifications, such as the Certified Public Accountant (CPA) or Certified Internal Auditor (CIA), may also be beneficial depending on your career goals.

Seeking Employment

Once you have obtained the necessary education, experience, and certifications, it’s time to start applying for tax examiner positions. Government agencies, such as the IRS, state tax departments, and local municipalities, often hire tax examiners. You can also explore opportunities in accounting firms, consulting firms, or private companies with large tax departments. Networking and attending job fairs can also be helpful in finding job openings and getting your foot in the door.

Continuing Education and Professional Development

To stay current with evolving tax laws and regulations, it is crucial to engage in continuous learning and professional development. Attend conferences, seminars, and webinars related to tax examination and keep up with industry publications to stay informed about the latest developments. Consider pursuing advanced degrees or additional certifications to expand your knowledge and enhance your career prospects.

Career Advancement

As you gain experience and expertise in tax examination, there are opportunities for career advancement. You may progress to supervisory or managerial roles, where you oversee a team of tax examiners and coordinate audits and investigations. Some tax examiners choose to specialize in specific areas, such as international taxation or forensic accounting, which can open up further career opportunities.

Salary and Job Outlook

The salary of a tax examiner can vary depending on factors such as experience, location, and employer. According to the Bureau of Labor Statistics, the median annual wage for tax examiners, collectors, and revenue agents was $54,890 in May 2020. The job outlook for tax examiners is expected to remain stable, with a projected employment growth rate of 1% from 2020 to 2030.

Conclusion

Becoming a tax examiner requires a combination of education, experience, and skills. By obtaining a relevant degree, gaining practical experience, and pursuing professional certifications, you can position yourself for a successful career in tax examination. Continuous learning and staying updated with tax laws will help you stay competitive in the field. So, if you have a keen eye for detail and a passion for numbers, consider a career as a tax examiner and contribute to the efficient functioning of the tax system.