You will be responsible for reviewing tax returns to ensure accuracy and completeness. Your main duties include identifying errors and resolving them. You will also be responsible for communicating with taxpayers to verify the accuracy of their tax returns. A tax examiner's salary will vary depending upon their education, work experience, and geographical location. Continue reading to learn more about the job, and how you can prepare to be a tax examiner.
As a tax examiner, you'll review tax returns and request that the state or federal revenue service prepare and file them for taxpayers. You can expect to work 40 hours a week. Tax examiners are skilled at following procedures and working with data. They also enjoy dealing with details. This job is not for the faint of heart, though, as it is a demanding but rewarding career. The job description is below to learn more about this job and how you can become one.
The Bureau of Labor Statistics predicts a 4% decrease in tax examiner job openings by 2022. However, actual job cuts will be less. These layoffs will not be as severe, however. Tax examiners are likely to have the best job opportunities when they review tax returns from local and state governments. Apply today if you are interested in being a tax examiner!
A tax examiner's main responsibility is to assess taxpayers income and expenses to determine if deductions can be made or not. He or she will investigate taxpayer disputes and determine any errors or omissions. Additionally, the examiner will check past tax returns to ensure accuracy and then report corrections to both the federal and state governments. It requires analytical skills, attention to detail, and an understanding of mathematics. If you have these characteristics, you should be able to make a good tax examiner.
You need a bachelor's or equivalent experience to become a Tax Examiner. Besides, you should take the Uniform Certified Public Accountant Exam to become a tax examiner. Many tax examiners work under an experienced tax examiner to gain experience. As time goes by, they get more responsibility and independence. As you gain experience, you might be promoted to a managerial or supervisory role. In some cases, tax inspectors may become instructors for new employees. This job can lead to similar occupations.
A B.S. CSU Global offers a Bachelor's Degree in Accounting. This will give you the foundational skills needed to become a Tax Examiner. You'll learn how to analyze financial documents and maintain complex records. You'll also learn best practices for maintaining complex financial records. You'll need to be precise in your work as a tax examiner. To be successful in your career, you must be detail-oriented.
FAQ
How can I tell if my company has a need for an accountant?
Many companies hire accountants when they reach certain size levels. For example, a company needs one when it has $10 million in annual sales or more.
However, there are some companies that hire accountants regardless if they have a small business. These include small firms, sole proprietorships, partnerships, and corporations.
It doesn't really matter how big a company is. It doesn't matter how big a company is.
If it does, the company will need an accountant. Otherwise, it doesn't.
Are accountants paid?
Yes, accountants usually get paid hourly rates.
Complicated financial statements can be a charge for some accountants.
Sometimes accountants will be hired to complete specific tasks. A public relations agency might hire an accountant to prepare reports showing the client's progress.
What is an auditor?
Auditors look for inconsistencies within the financial statements with actual events.
He confirms the accuracy and completeness of the information provided by the company.
He also confirms the accuracy of the financial statements.
Statistics
- BooksTime makes sure your numbers are 100% accurate (bookstime.com)
- The U.S. Bureau of Labor Statistics (BLS) projects an additional 96,000 positions for accountants and auditors between 2020 and 2030, representing job growth of 7%. (onlinemasters.ohio.edu)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
External Links
How To
How to be an Accountant
Accounting is the science and art of recording financial transactions and analyzing them. It can also involve the preparation statements and reports for various purposes.
A Certified Public Accountant is someone who has passed and been licensed by the state board.
An Accredited Finance Analyst (AFA), an individual who meets certain requirements established by the American Association of Individual Investors. The AAII requires that individuals have at least five years of investment experience before becoming an AFA. A series of exams is required to assess their knowledge of securities analysis and accounting principles.
A Chartered Professional Accountant (CPA), also known as a chartered accounting, is a professional accountant with a degree from a recognized university. CPAs need to meet the specific educational standards set forth by the Institute of Chartered Accountants of England & Wales.
A Certified Management Accountant or CMA is a professionally certified accountant who specializes only in management accounting. CMAs must pass the ICAEW exams and continue their education throughout their careers.
A Certified General Accountant, (CGA), is a member of American Institute of Certified Public Accountants. CGAs have to pass several tests. One test is known as the Uniform Certification Examination.
A Certified Information Systems Auditor (CIA) is a certification offered by the International Society of Cost Estimators (ISCES). Candidates for the CIA certification must complete three levels, which include coursework, practical training and a final assessment.
Accredited Corporate Compliance officer (ACCO) is a distinction granted by the ACCO Foundation, and the International Organization of Securities Commissions. ACOs must hold a baccalaureate or higher degree in business administration, finance, or public policy. Additionally, they must pass two written and one verbal exams.
The National Association of State Boards of Accountancy gives the credential of Certified Fraud Examiner (CFE). Candidates must pass 3 exams and score a minimum of 70 percent.
The International Federation of Accountants (IFAC) has accredited a Certified Internal Auditor (CIA). Candidates must pass four exams that cover topics such auditing, compliance and risk assessment.
American Academy of Forensic Sciences, (AAFS), gives the designation of Associate in Forensic accounting (AFE). AFEs should have a bachelor's degree from an accredited college, university or other educational institution in any area of study.
What does an auditor do exactly? Auditors are professionals who perform audits of financial reporting systems and their internal controls. Audits can be performed on either a random basis or based on complaints received by regulators about the organization's financial statements.