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Revenue specialist vs tax compliance officer

The differences between revenue specialists and tax compliance officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a revenue specialist and a tax compliance officer. Additionally, a tax compliance officer has an average salary of $48,584, which is higher than the $44,779 average annual salary of a revenue specialist.

The top three skills for a revenue specialist include patients, revenue cycle and CPT. The most important skills for a tax compliance officer are IRS, tax compliance, and income tax returns.

Revenue specialist vs tax compliance officer overview

Revenue SpecialistTax Compliance Officer
Yearly salary$44,779$48,584
Hourly rate$21.53$23.36
Growth rate-7%-7%
Number of jobs28,76395,304
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 71%
Average age4848
Years of experience22

What does a revenue specialist do?

A revenue specialist is in charge of overseeing and processing payments for their company, ensuring accuracy and timeliness. Their responsibilities revolve around reviewing invoices and insurance claims, monitoring tax deductions and expenses, liaising with external parties, collecting payments, producing progress and revenue reports, and maintaining records of all transactions. Furthermore, as a revenue specialist, it is essential to devise strategies for managing revenues, all while upholding the company's policies and regulations, including its vision and mission.

What does a tax compliance officer do?

A Tax Compliance Officer works for the IRS. This office primarily focuses on whether businesses and individual are making their necessary tax payments. Looking after the business reported revenue and paid taxes are the functions of the Tax Compliance Officer.

Revenue specialist vs tax compliance officer salary

Revenue specialists and tax compliance officers have different pay scales, as shown below.

Revenue SpecialistTax Compliance Officer
Average salary$44,779$48,584
Salary rangeBetween $28,000 And $71,000Between $33,000 And $71,000
Highest paying CityCamden, NJLos Angeles, CA
Highest paying stateNew JerseyWashington
Best paying companyMcKinsey & Company IncMorgan Stanley
Best paying industryManufacturingGovernment

Differences between revenue specialist and tax compliance officer education

There are a few differences between a revenue specialist and a tax compliance officer in terms of educational background:

Revenue SpecialistTax Compliance Officer
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 71%
Most common majorBusinessAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Revenue specialist vs tax compliance officer demographics

Here are the differences between revenue specialists' and tax compliance officers' demographics:

Revenue SpecialistTax Compliance Officer
Average age4848
Gender ratioMale, 24.3% Female, 75.7%Male, 48.3% Female, 51.7%
Race ratioBlack or African American, 12.9% Unknown, 3.2% Hispanic or Latino, 16.2% Asian, 9.9% White, 57.5% American Indian and Alaska Native, 0.2%Black or African American, 12.9% Unknown, 3.4% Hispanic or Latino, 18.3% Asian, 10.5% White, 54.8% American Indian and Alaska Native, 0.2%
LGBT Percentage8%8%

Differences between revenue specialist and tax compliance officer duties and responsibilities

Revenue specialist example responsibilities.

  • Process account receivables, charge entry, claims, and reimbursement in adherence to Medicare and all HMO guidelines.
  • Establish a strong understanding of ICD-9 diagnosis and medical inventory codes.
  • Work claim edits to ensure clean claim billing to Medicare/Medicare HMO's.
  • Review the complex medical records and accurately codes primary/secondary diagnoses and procedures using ICD-10-CM and CPT coding conventions.
  • Initiate appeals and ensure required documentation are submitted in the appeals process.
  • Complete appeals when authorization are not obtain and or unusual procedure are performed.
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Tax compliance officer example responsibilities.

  • Reconcile tax liabilities withhold by the business partners against deposits and the IRS transcripts monthly.
  • Collect and deposit tax liabilities withhold by various business partners throughout the firm to the IRS.
  • Assist the organizations in computing accurate taxation amounts.
  • Account administration of ultra high net worth clients encompassing all aspects from initial implementation through termination, emphasizing taxation.
  • Update taxpayers addresses, assign temporary ITIN numbers to taxpayers without a social security number, establish fiduciary accounts for taxpayers
  • Used databases, spreadsheet software such as IDRS to enter, revise, manipulate, store and retrieve data.
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Revenue specialist vs tax compliance officer skills

Common revenue specialist skills
  • Patients, 17%
  • Revenue Cycle, 13%
  • CPT, 6%
  • Data Entry, 5%
  • Medical Terminology, 5%
  • Medicaid, 5%
Common tax compliance officer skills
  • IRS, 39%
  • Tax Compliance, 35%
  • Income Tax Returns, 5%
  • Taxation, 4%
  • Indirect Tax, 2%
  • Tax Issues, 2%

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