Tax Examiners And Collectors Career
Tax Examiners and Collectors Career
A tax examiners and collectors career involves reviewing tax returns, conducting tax audits, identifying due or overdue taxes, collecting overdue taxes to ensure that the government gets
unpaid tax money from individuals and businesses.
What Work Does It Involve?
Whether at the federal, state or local government level, tasks in a tax examiners and collectors career remain similar and these professionals may:
- Review filed tax returns for accuracy;
- Determine whether the tax credits and deductions made are permissible or not;
- Conduct field audits and investigations of income tax returns and verify stated information;
- Collect due taxes from individuals and businesses;
- Contact tax payers to discuss discrepancies and collect supporting documents when missing;
- Examine the accounting process and records to determine whether appropriate methods were used according to statutory regulations;
- Determine how to settle debt by using methods like offers of compromise, wage garnishing, seizure or sale of property; and
- Conduct a research of court information to determine the status of liens, mortgages, financial statements or assets located through third parties in order to verify claims of inability to pay taxes.
Education and Training Requirements
A tax examiners and collectors career requires at least a bachelor’s degree after high school or a general education degree and relevant work experience in order to work for the federal government.
If employed by the IRS, tax examiners should have a bachelor’s degree in Business, Finance, Accounting or Criminal Justice. Prior experience may or may not be a requirement but usually on-job training is given.
To work for the state or local government in entry-level positions, tax examiners are expected to have either a high school diploma and specific experience or an associate degree with some college-level business courses and relevant experience. For advance-level jobs, individuals should have a bachelor’s degree.
Collectors should have college education and experience in management, tax collection, and customer service or tax compliance.
According to the Bureau of Labor Statistics, the average pay for a tax examiner and collector in May 2010 was $49,360 per annum and $23.73 per hour. The job growth expectancy between 2010 and 2020 is 7%.