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Internal revenue agent vs tax analyst

The differences between internal revenue agents and tax analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both an internal revenue agent and a tax analyst. Additionally, an internal revenue agent has an average salary of $71,853, which is higher than the $61,745 average annual salary of a tax analyst.

The top three skills for an internal revenue agent include partnerships, CPA and IRS. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.

Internal revenue agent vs tax analyst overview

Internal Revenue AgentTax Analyst
Yearly salary$71,853$61,745
Hourly rate$34.54$29.69
Growth rate-7%-7%
Number of jobs35,75056,223
Job satisfaction--
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 70%
Average age4848
Years of experience22

What does an internal revenue agent do?

An internal revenue agent is primarily in charge of auditing and examining businesses' and individuals' financial records to ensure compliance with tax laws and payments. Their responsibilities typically revolve around reaching out to clients through calls and correspondence, arranging appointments, traveling to different locations, gathering and reviewing documentation, and even processing tax payments. Furthermore, as an internal revenue agent, it is essential to discuss and help taxpayers understand the tax laws, assist in complex procedures, and provide counseling as needed, all while adhering to the government laws and regulations.

What does a tax analyst do?

A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.

Internal revenue agent vs tax analyst salary

Internal revenue agents and tax analysts have different pay scales, as shown below.

Internal Revenue AgentTax Analyst
Average salary$71,853$61,745
Salary rangeBetween $32,000 And $161,000Between $43,000 And $87,000
Highest paying CityLaguna Niguel, CASan Francisco, CA
Highest paying stateNew JerseyMaine
Best paying companyInternal Revenue ServiceMeta
Best paying industryGovernmentTechnology

Differences between internal revenue agent and tax analyst education

There are a few differences between an internal revenue agent and a tax analyst in terms of educational background:

Internal Revenue AgentTax Analyst
Most common degreeBachelor's Degree, 76%Bachelor's Degree, 70%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Internal revenue agent vs tax analyst demographics

Here are the differences between internal revenue agents' and tax analysts' demographics:

Internal Revenue AgentTax Analyst
Average age4848
Gender ratioMale, 59.3% Female, 40.7%Male, 42.9% Female, 57.1%
Race ratioBlack or African American, 13.0% Unknown, 3.3% Hispanic or Latino, 17.0% Asian, 10.3% White, 56.1% American Indian and Alaska Native, 0.2%Black or African American, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3%
LGBT Percentage8%8%

Differences between internal revenue agent and tax analyst duties and responsibilities

Internal revenue agent example responsibilities.

  • Manage teams of cooperating agents from areas such as international taxation, employment tax, and economists when conducting tax audits.
  • Utilize computer technology to access legal bulletins, IRS notices, and tax-relate court decisions.
  • Conduct workshops on occasion in specific areas of the tax law and regarding IRS procedures.
  • Negotiate with CPA's and attorneys to settle and close audits and assess deficiencies and refunds.
  • Review and approve relief application forms.
  • Generate partnerships with existing and new businesses.
  • Show more

Tax analyst example responsibilities.

  • Utilize QuickBooks to manage client data and prepare necessary financial statements.
  • Own the preparation of the consolidated/worldwide provision calculations and AJE, including account reconciliations.
  • Prepare ASC 740 tax accounting calculations.
  • Input apportionment factors into OneSource tax system.
  • Correspond with taxpayers, accountants, and CPAs.
  • Assist in federal and state return preparation using OneSource software.
  • Show more

Internal revenue agent vs tax analyst skills

Common internal revenue agent skills
  • Partnerships, 23%
  • CPA, 18%
  • IRS, 15%
  • Financial Transactions, 13%
  • Income Tax Returns, 9%
  • Tax Issues, 5%
Common tax analyst skills
  • Tax Audits, 6%
  • Reconciliations, 4%
  • Tax Compliance, 4%
  • Tax Payments, 4%
  • Tax Software, 4%
  • Income Tax Returns, 4%

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