Revenue Agent

Revenue Agents ensure that the government receives its legal tax payments. They regularly work with taxpayers, their legal representatives, certified public accountants, and tax attorneys. Revenue Agents also analyze financial records and communicate with individuals and businesses.  
The primary responsibilities of a revenue agent are:

  • Prepare returns for large companies and corporations
  • Audit returns for accuracy
  • Examine small business returns
  • Perform accounting work for multinational businesses
  • Analyze data and identify trends
  • Identify tax offenders
  • Perform field audits or office audits of financial records

Sample Companies:

 

  • The IRS's Revenue Agent Divisions are:
  • Small Business and Self-Employed Division (SB/SE)
  • Tax-Exempt and Government Entities Division (TE/GE)
  • Large and Mid-Size Business Division

Salary:

The typical Internal Revenue Agent at the IRS makes $78,932 per year with opportunities for bonus pay. Salaries for this position can range from $30,555 to $147,468.

How to get there:

A business-oriented bachelor’s degree such as finance, accounting, or economics is required.
For some specialized positions, experience in accounting or tax analysis may be required. Entry-level agents often work under the supervision of senior staff members.
Agents have the opportunity to be up for a promotion each year without competition.
Earning a CPA license will help increase your salary, gain job security, distinguish yourself, and diversify your career opportunities.

Important Qualities:

  • Active listening
  • Reading comprehension
  • Critical thinking
  • Good communication
  • Active learning
  • Mathematics
  • Social perceptiveness
  • Complex problem solving
  • Hard working
  • Knowledge of tax laws

Advancement:

At the IRS, they select their managers from their current professionals. The opportunity for promotion depends on an individual’s knowledge, skills, ingenuity, and initiative. Based on job-performance, revenue agents could qualify for a yearly promotion without competition. They also followly a yearly salary schedule. Other special opportunities include taxpayer assitance, public speaking assignments, task force opportunities, and coaching new trainess.

Relevant Classes:

  • Composition I and Advanced Composition/Writing
  • CMN 101- Public Speaking
  • CMN 211- Business Communication
  • ECON 411- Public Sector Economics
  • ECON 426- Monetary Economics and Policy
  • ECON 460- Financial Economics
  • FIN 221- Corporate Finance
  • *Actuarial Courses (MATH & FIN)

Relevant Clubs & Organizations:

  • Tax Club
  • Tax Law Society
  • Finance Club
  • Econ Club
  • Econ Ambassadors

Sources:

http://www.americasjobexchange.com/revenue-agent-job-description

https://www.jobs.irs.gov/resources/job-descriptions/internal-revenue-agent-gs-0512

https://www.glassdoor.com/Salary/IRS-Internal-Revenue-Agent-Salaries-E41427_D_KO4,26.htm#:~:text=The%20typical%20IRS%20Internal%20Revenue,can%20range%20from%20%2430%2C555%20%2D%20%24147%2C468

 

 

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