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Revenue Agent.

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Presentation on theme: "Revenue Agent."— Presentation transcript:

1 Revenue Agent

2 Basic Requirements GS-512 Revenue Agent position Human Capital Office Policy: The qualification standard requires 30 semester hours of accounting which can be met by having 24 semester hours in accounting and 6 semester hours in related subjects such as business law, economics, statistical/quantitative methods, computerized accounting or financial systems, financial management or finance.

3 In addition to the above requirements, applicants must also meet the selective placement factor which requires that, as part of the 30 semester hours of accounting required by the GS-512 qualification standard, the applicant possess five accounting competencies (1) principles of accounting, (2) intermediate accounting, (3) cost accounting, (4) advanced accounting and (5) auditing. The applicant’s education must support possession of the knowledge, skills and other abilities associated with these specific accounting course competencies.

4 This policy document supplements the qualification standard issued by the Office of Personnel Management (OPM) and should not be interpreted as a complete description of basic qualification requirements for the GS-512 series. REFERENCES: OPM Qualifications Standard for the GS-512, Internal Revenue Agent Series

5 What do they do? Revenue Agents regularly work with taxpayers and/or their representatives, certified public accountants, tax attorneys or enrolled agents in order to determine a substantially correct tax liability. They plan and conduct onsite examinations of tax returns including sole proprietorships, partnerships and corporations. Explain audit adjustments, tax law and the government’s position to taxpayers and or their representatives. Discuss course of action for agreement or disagreement to findings. Can conduct a correspondence exam

6 If agreed Secure agreed report Solicit full payment or discuss payment options Process payments received Document audit findings by preparing a detailed audit trail

7 If unagreed Consider any additional information the taxpayer and/or representative has to support their position Appeal rights explained. If provided, determine if protest is sufficient Prepare dispute to protest If no appeal, Statutory Notice of Deficiency issued

8 Revenue Agents in Various Business Units
Small Business/Self-Employed (SB/SE) Large Business and International (LB&I) Tax Exempt & Government Entities (TE/GE) Taxpayer Advocate Service (TAS)

9 Job Sounds Right for You?
So what does it take? Glad you ASKED

10 Will to Learn and Apply It
Classroom Pay attention Ask questions Take notes Be the best student you can be On the job Learn from On-the- Job-Instructor and manager Apply what you were taught to your assigned inventory (cases)

11 AND MORE Ability to work independently or in a team environment
Research skills Effective Communication Interpersonal skills Analytical skills Determination Well Organized Adapt to Change

12 Career Learning Plan Prepare Career Learning Plan (CLP) Review standard position descriptions and Critical Job Elements Ask for a shadowing assignment Invest in your future Start NOW

13 Talk Talk Talk Talk to revenue agents about job What they do What they like best and least

14 More to Do Take advantage of self-development ELMS College Courses Volunteer for teaching assignments and special projects Get a mentor Participate in AIM-IRS CAMP (mentor or protégé)

15 Good Luck in your Career Endeavors


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