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WHAT DOES A TAX EXEMPT BOND REVENUE AGENT DO? As a Tax Exempt Bond Revenue Agent you will plan, coordinate and independently conduct examinations of tax exempt bond issuances (Form 8038 series for compliance with the Internal Revenue Code requirements. Examinations contain unique, complex or special audit features such as governmental or financial accounting, tax law, investigative or compliance problems where there is little or no previous guidance.
WHAT IS THE TAX EXEMTP AND GOVERNMENT ENTITIES (TEGE) DIVISION? Tax Exempt & Government Entities Division serves Employee Plans which examines the returns of qualified pension benefit plans compliance. Exempt Organizations ensures not-for-profit organizations meet tax-exempt status requirements. And, Government Entities ensures organizations meet their tax withholding and employment tax payment requirements.
As a Tax Exempt Bond Agent (TEB) you will:
Identify and correct noncompliance found during tax exempt bond examinations.
Determine whether interest paid to municipal bondholders is properly excludible from gross income.
Examine governmental entities and other borrowers who utilize bond proceeds.
Determine the proper use of bond proceeds as well as implementation of financial concepts regarding their investment.
Participate in arbitrage related enforcement initiatives.
Calculate and verify rebate overpayment claims.
Identify problems, best practices and emerging tax compliance issues.
Develop balanced measures and methodology for monitoring the performance of the Tax Exempt Bond Program.
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 - 6 to 10 nights travel per month.
Job family (Series)
0512 Internal Revenue Agent
Conditions of Employment
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Must be a U.S. Citizen or National.
You must meet the following requirements by the closing date of this announcement:
BASIC REQUIREMENTS FOR ALL GRADES
A Bachelor's or higher degree in accounting from an accredited college or university that included at least 30 semester hours (45 quarter hours) in accounting or 24 semester hours in accounting and an additional 6 semester hours in related subjects such as business law, economics, statistical/quantitative methods, computerized accounting or financial systems, financial management or finance. OR
A combination of experience and education at an accredited college or university equivalent to a four year degree that included courses equivalent to a major in accounting, i.e. at least 30 semester hours in accounting or 24 semester hours in accounting and 6 semester hours in related subjects as described above. OR
A Certificate as a Certified Public Accountant (CPA) obtained through written examination in a State, territory or the District of Columbia. OR
Are currently serving as an Internal Revenue Agent GS-0512 and have been in this position for at least one year or was previously an Internal Revenue Agent GS-0512 and held the position for at least one year.
AND You must possess the following professional accounting knowledge's:
Principles of Accounting, Intermediate Accounting, Cost Accounting, Advanced Accounting, and Auditing. For more information on the required accounting knowledge's please refer to Internal Revenue Agent Basic Requirements.
This knowledge is typically acquired by completion of an accounting degree from a four-year college or university. If not from an academic environment, the knowledge can also be obtained from certain work experience.
In addition to the above, you must meet the requirements described below:
GS-13 LEVEL: You must have at least one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 in the Federal service. Specialized experience for this position includes progressively responsible and diversified professional accounting or auditing work that requires experience and skill in:
Applying professional accounting principles, theory, and practices to analyze and interpret accounting books, records, or systems specifically to determine their effect on Federal tax liabilities and their adequacy for recording transactions affecting tax liabilities.
Interpreting and applying Federal tax law for governmental, municipal and private entities.
Municipal financial transactions and financial management principles and practices.
Corporate financial transactions and financial management principles and practices.
Interacting effectively with a broad range of individuals and in negotiating with specialist in accounting, legal, tax, and other similar business related professions.
The experience may have been gained in the public sector, private sector or Volunteer Service. One year of experience refers to full-time work; part-timework 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.
Department Of The Treasury