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Internal Revenue Officers are employed by the Internal Revenue Service (IRS) to collect taxes from individuals and businesses in accordance with current U. S. tax laws. Revenue officers protect the financial interests of the U. S. Federal Government. They are tasked with collecting delinquent taxes, collecting overdue tax returns, and investigating the financial backgrounds of taxpayers. Revenue officers can also institute wage garnishments, initiate judicial actions, and file extensions on the statute of limitations for collecting taxes. The IRS assigns revenue officers a group of cases, which the revenue officer is responsible for resolving.
The minimum educational requirement to be an Internal Revenue officer is a bachelor’s degree. Most revenue officers hold a degree in finance, economics, or accounting. However, there are exceptions to the educational requirement. In some cases, if an applicant can demonstrate a sufficient degree of relevant work experience in addition to some amount of college course work, they may be accepted for employment. Applicants must submit to a background investigation and may also be required to take federal civil service exams. After securing employment, revenue officers receive on-the-job training from the IRS and attend training seminars, which inform revenue officers of changes in tax regulations. Individuals interested in this field of work can apply at IRS recruitment offices.
Federal revenue officers work in branch offices of the IRS. However, travel is often necessary. Although most work-related travel for a revenue officer will be in the local area of the branch office, some cases may require overnight travel. Revenue officers may visit businesses to investigate tax records, or travel to court houses, taxpayer’s homes, or other locations to conduct interviews.
Entry-level revenue officers are usually assigned to the Small Business/Self-Employed Division of the IRS. As revenue officers gain experience, they tend to specialize in an area of tax regulation, such as retail sales, insurance, or real estate.
As of May 2008, the median annual salary for revenue officers was $58,100. The starting salary for a revenue officer is approximately $30,000; however, the actual starting salary of a revenue officer will vary due to cost-of-living adjustments and geographic area. The top ten percent of revenue officers make over $89,000.
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What year was the Internal Revenue Service created?
Started in 1862 as the bureau of internal revenue, name changed to internal revenue service in 1953.
When was Internal Revenue Service created?
Internal Revenue Service was created in 1953.
There is the Internal Revenue and the Internal Revenue Service. What is the difference?
The Internal Revenue is a government agency that is subject to Title 26 United States Code. The Internal revenue Service is a private debt collection agency subject to Title 15 of the United States Code and is a private collection agency contracted by the Internal Revenue.
Is revenue inspector gazetted officer?
about revenue inspector
Is revenue inspector a gazetted officer?
about revenue inspector
What year the Bureau of Internal Revenue was named the Internal Revenue Service?
Department of treasury 1853
When was Internal Revenue Service Building created?
Internal Revenue Service Building was created in 1936.
What is the work of bureu of internal revenue?
The Bureau of Internal Revenue, also known as the Internal Revenue Service (IRS), is responsible for collecting federal taxes in the United States of America.
What does IR stand for?
Internal Revenue Service
How do you abbreviate IRS?
IRS is an abbreviation for Internal Revenue Service.
Do you capitalize Internal Revenue Service?
Yes, "Internal Revenue Service" should be capitalized as it is a proper noun.
Is the internal revenue service connected to a cabinet department?
Yes. Internal Revenue Service is under the Department of Treasury.
