While there are many exciting and rewarding careers in the tax and finance world, none could be more fulfilling than that of a Tax Compliance Officer. Tax compliance officers pour over financial records and ensure tax compliance for assigned clients like a detective trying to solve the case of the tax code. Not only do you get to experience the satisfaction of assisting tax payers with all their concerns about their filings, but you also are able to take the role of a trusted and respected government employee who serves as a liaison between the Internal Revenue Service and the general public.
What is a Tax Compliance Officer?
While the Internal Revenue Service has plenty of information on the job and boasts an excellent work-life balance, what these professionals do is offer a public service to the tax payers they work with. No one ever wants to hear the dreaded “audit” word, but let’s be honest, it happens. The work of the tax compliance officer centers around these situations. These officers are assigned a client who can be an individual tax payer or even one of a wide range of businesses and organizations. They review all the appropriate financial data and make an assessment on the validity of the client’s tax claims. If there are irregularities or non-compliance with the tax code, the tax compliance officer councils and offers advice to assist the individual or business get back in to compliance. The goal here is the help the client get back on their feet and current with their taxes in the easiest way possible.
The Tools of the Trade
Tax Compliance Officers are highly skilled and well-trained government employees. While it is not necessary to have a degree in finance, a bachelor’s degree is preferred, especially those in the business, accounting or similar fields. However, the degree isn’t the end of the road for those seeking a career as a tax compliance officer. Even with previous work experience in professional accounting or tax analysis, most compliance offices take part in rigorous on the job training. When the training programs have been completed and the individual settles in to the role, these professionals are still expected to continue education and training in order to to meet the challenges of an ever changing tax code.
Related Resource: Become a Tax Specialist
Outlook and Interpretation
While the job prospects of the Tax Compliance officer seem strained in the coming years, taxes are a reality that will be with our advanced society as long as we continue to be one. The tax code is an ever changing whirlwind of loopholes, side bars and creative accounting. The tax compliance officer serves as the Internal Revenue Service’s detectives. Ensuring compliance when it’s there and uncovering non-compliance when there is trouble, these professionals can change a person’s life when giving sound tax advice as a public service. We all want to ensure a fully functioning and funded society and the tax compliance officer is the professional who makes that machine run smoothly.