Master tax advisor vs income tax expert

The differences between master tax advisors and income tax experts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a master tax advisor has an average salary of $44,931, which is higher than the $39,306 average annual salary of an income tax expert.

The top three skills for a master tax advisor include individual tax returns, income tax returns and IRS. The most important skills for an income tax expert are financial statements, tax software, and tax returns.

Master tax advisor vs income tax expert overview

	Master Tax Advisor	Income Tax Expert
Yearly salary	$44,931	$39,306
Hourly rate	$21.60	$18.90
Growth rate	-	-
Number of jobs	73,416	34,945
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 58%
Average age	47	47
Years of experience	-	-

Master tax advisor vs income tax expert salary

Master tax advisors and income tax experts have different pay scales, as shown below.

	Master Tax Advisor	Income Tax Expert
Average salary	$44,931	$39,306
Salary range	Between $22,000 And $88,000	Between $20,000 And $74,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between master tax advisor and income tax expert education

There are a few differences between a master tax advisor and an income tax expert in terms of educational background:

	Master Tax Advisor	Income Tax Expert
Most common degree	Bachelor's Degree, 59%	Bachelor's Degree, 58%
Most common major	Accounting	Accounting
Most common college	University of Southern California	University of Southern California

Master tax advisor vs income tax expert demographics

Here are the differences between master tax advisors' and income tax experts' demographics:

	Master Tax Advisor	Income Tax Expert
Average age	47	47
Gender ratio	Male, 53.1% Female, 46.9%	Male, 42.4% Female, 57.6%
Race ratio	Black or African American, 8.8% Unknown, 4.2% Hispanic or Latino, 14.0% Asian, 11.7% White, 60.7% American Indian and Alaska Native, 0.6%	Black or African American, 11.1% Unknown, 4.0% Hispanic or Latino, 18.5% Asian, 9.6% White, 56.3% American Indian and Alaska Native, 0.6%
LGBT Percentage	8%	8%

Differences between master tax advisor and income tax expert duties and responsibilities

Master tax advisor example responsibilities.

Process tax returns, assist clients with tax situations, instruct tax courses, and assist clients during IRS audits.
Prepare and present audits to the IRS, in the appropriate manner, for clients when require.
Research miscellaneous tax areas and regulations to prepare PowerPoint presentations for managers used in internal and external training.
Complete several hundr hours of training in many areas of taxation.
Prepare individual tax returns using ProSeries base upon documents and client provide information.

Income tax expert example responsibilities.

Manage the training and use of new FactSet products and enhancements with various client bases including portfolio management and performance teams.
Review domestic payroll reporting metrics, ensure home/host payments are updated and reconcile for timely submission and payment.
Start job by assisting TurboTax user's on how to enter information into the TurboTax program.

Master tax advisor vs income tax expert skills

Common master tax advisor skills

Individual Tax Returns, 38%
Income Tax Returns, 17%
IRS, 10%
Business Tax Returns, 4%
Tax Season, 4%
Audit Assistance, 3%

Common income tax expert skills

Financial Statements, 10%
Tax Software, 10%
Tax Returns, 10%
Tax Season, 10%
Turbo, 9%
Income Tax Returns, 9%

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Master Tax Advisor
Master Tax Advisor vs Income Tax Expert

Updated January 8, 2025

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