Post job

Tax compliance officer vs tax analyst

The differences between tax compliance officers 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 a tax compliance officer and a tax analyst. Additionally, a tax analyst has an average salary of $61,745, which is higher than the $48,584 average annual salary of a tax compliance officer.

The top three skills for a tax compliance officer include IRS, tax compliance and income tax returns. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.

Tax compliance officer vs tax analyst overview

Tax Compliance OfficerTax Analyst
Yearly salary$48,584$61,745
Hourly rate$23.36$29.69
Growth rate-7%-7%
Number of jobs95,30456,223
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 70%
Average age4848
Years of experience22

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.

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.

Tax compliance officer vs tax analyst salary

Tax compliance officers and tax analysts have different pay scales, as shown below.

Tax Compliance OfficerTax Analyst
Average salary$48,584$61,745
Salary rangeBetween $33,000 And $71,000Between $43,000 And $87,000
Highest paying CityLos Angeles, CASan Francisco, CA
Highest paying stateWashingtonMaine
Best paying companyMorgan StanleyMeta
Best paying industryGovernmentTechnology

Differences between tax compliance officer and tax analyst education

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

Tax Compliance OfficerTax Analyst
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 70%
Most common majorAccountingAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Tax compliance officer vs tax analyst demographics

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

Tax Compliance OfficerTax Analyst
Average age4848
Gender ratioMale, 48.3% Female, 51.7%Male, 42.9% Female, 57.1%
Race ratioBlack 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%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 tax compliance officer and tax analyst duties and responsibilities

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.
  • 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

Tax compliance officer vs tax analyst skills

Common tax compliance officer skills
  • IRS, 39%
  • Tax Compliance, 35%
  • Income Tax Returns, 5%
  • Taxation, 4%
  • Indirect Tax, 2%
  • Tax Issues, 2%
Common tax analyst skills
  • Tax Audits, 6%
  • Reconciliations, 4%
  • Tax Compliance, 4%
  • Tax Payments, 4%
  • Tax Software, 4%
  • Income Tax Returns, 4%

Browse business and financial jobs