WHAT DOES A FINANCIAL ANALYST DO? As a FINANCIAL ANALYST (Business Appraiser) in the IRS you will perform unique, sometimes controversial and precedent setting appraisals of businesses and business interests where the appraisal can have significant tax impact, tax compliance, affect large segments of the taxpayer(s) population, and have the potential to suggest needed legislative change.
WHAT IS THE LARGE BUSINESS and INTERNATIONAL (LB&I) DIVISION: The Large Business and International (LB&I) business unit provides service and enforcement activities to support tax compliance of businesses and related entities with assets of $10 million or more, as well as small U.S. businesses engaged in international, U.S. citizens abroad, and foreign persons and businesses with a U.S. tax requirement. As our name suggests, international tax administration is an important part of what we do in LB&I. As part of the LB&I team, you may be assigned to work in one of the following Practice Area segments: Treaty and Transfer Pricing, Pass Through Entities, Enterprise Activities, Cross Border Activities, Withholding & International Individual Compliance, Eastern Compliance, Northeastern Compliance, Central Compliance or Western Compliance. Regardless of where you serve, you will be supported by a variety of individuals (revenue agents, economists, engineers, computer audit specialists, practice network employees, and counsel) as you tackle the most complex foreign and domestic tax issues.
There are (3) positions located in LB&I, Central Compliance Practice Area/Eastern Compliance Practice.
(1) vacancy in either: 1999 Broadway, Denver, Co (CO1811), 450 Golden Gate Ave, San Francisco, CA (CA1054), or South Market Street, San Jose, CA (CA6116).
(1) vacancy in either: 400 West Bay Street, Jacksonville, FL (FL0067), 230 S. Dearborn Street, Chicago, IL (IL0236), 3971 S. Research Park Drive, Suite B, Ann Arbor, MI (MI2218), 38275 West Twelve Mile Road, Farmington Hills, MI (MI2097), 22600 Hall Rd, Ste 102, Clinton Township, MI (MI1942), 3251 N Evergreen Dr. Ne, Grand Rapids, MI (MI2210), or 200 W Professional Park Ct, Lot 11, Bowling Green, KY.(KY3060).
1 vacancy in either: 150 Court Street, New Haven, CT (CT0061), or 201 Varick Street, New York, NY (NY0128).
Learn more about this agency
As a Business Appraiser you will:
Perform reviews of appraisals of large and complex closely-held corporate stock, partnership, fiduciary, and individual proprietorship business interests.
Perform work for all IRS Operating Divisions, for Appeals and for Counsel.
Determine the fair market value of publicly-traded and closely held corporate stocks, securities, and business interests.
Be responsible for reviewing unique, highly complex valuation issues relating to the fair market value of tangible and intangible assets; covenants not to compete; officer compensation, built-in gain discounts; marketability discounts; and minority interest discounts.
Review facts, and if existing facts are insufficient, request additional information and conduct independent investigations to gather relevant information, and analyze and interpret findings.
Function as a technical authority on issues requiring the application of new theories and standards to appraisal problems not susceptible to treatment by accepted and established procedures, or where no accepted or established appraisal procedures exist.
Engage taxpayers and their valuation experts in resolving strong disagreements concerning highly controversial valuation issues.
Function as a technical authority for valuation issues on income and estate and gift tax examinations, examinations of tax-exempt entities collection activities, and litigation.
WHERE CAN I FIND OUT MORE ABOUT OTHER IRS CAREERS? If you want to find out more about IRS careers, visit us on the web at www.jobs.irs.gov
25% or less - Travel 1-5 days, not more than 25%
Who May ApplyThis job is open to-Current IRS Internal/Agency Employees
Questions? This job is open to 1 group.
HelpRequirements Conditions of Employment
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Must be a U.S. Citizen or National
IRS Employees on Career or Career Conditional Appointments
You must meet the following requirements by the closing date of this announcement.
GS-13 LEVEL: You must have 1 year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service. Specialized experience for this position includes: Experience with financial analysis project assignments that use business valuation principles, concepts, and advanced techniques to appraise business interests with complex characteristics and to analyze complicated valuation problems. Perform unique and moderately complex appraisals of businesses and business interests as well as making determinations of the value of tangible and intangible assets acquired or sold in corporate acquisitions, mergers, reorganizations, liquidations, etc. or transferred off-shore in an inter-company transaction. Make complex normalizations to financial statements such as reasonable officer compensation, working capital, inventory, liabilities, etc. Analyze and determine control premiums, lack of control, capital gains tax discount, and lack of marketability discounts in connection with unique and complex appraisals of businesses and business interests.
The experience may have been gained in the public sector, private sector or VolunteerService. One year of experience refers to full-time work; part- time work is considered on a prorated basis.
To ensure full credit for your work experience, please indicate dates of employment by month/year, and indicate number of hours worked per week, on your resume.
In addition to the above requirements, you must meet the following, if applicable:
You must have been at the GS-12 level for 52 weeks (time-in-grade requirement).
Department Of The Treasury