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.
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WHAT DOES AN INTERNAL REVENUE AGENT DO? An Internal Revenue Agent (IRA) conducts examinations of entities of varying complexity, including corporations, partnerships, foreign entities, individuals, and fiduciaries. In this position, you will use your professional knowledge and skill in accounting and auditing techniques and practices to examine various tax returns, determine the correct tax liability, identify situations with potential for understated taxes, and to recognize potential fraud. Many situations may require a specialized knowledge of a particular industry and/or may involve varied or complex systems of accounting. In addition to internal stakeholders, you will interact with taxpayers and their representatives, all from varied socioeconomic and cultural backgrounds, provide examination findings, interpretations of tax laws and regulations, and other necessary information to ensure future compliance.
This position is an IRA in the Withholding, Exchange, and International Individual Compliance (WEIIC) Foreign Payment Practice and Automatic Exchange of Information (FPP & AEOI) Program Office. In particular, an IRA in the FPP & AEOI Program Office administers and coordinates withholding agreements between the IRS and NRA individuals and foreign corporations, including qualified intermediaries and other foreign financial institutions.
As an Internal Revenue Agent you will:
- Conduct independent examinations and related investigations of income tax returns that cover a diversified spectrum of taxpayers, to include corporations, partnerships, foreign entities, individuals, and fiduciaries. Examinations may also contain special audit features or anticipated accounting, tax law, or investigative issues.
- Conduct examinations to ensure proper reporting of income and expenses of individual and business taxpayers using financial and other investigative skills.
- Conduct package audits to determine that other required returns such as information, excise, or specialty returns are filed and conduct concurrent examinations or make referrals of these and other returns when warranted.
- Identify issues to be pursued based on large, unusual or questionable items which produce significant tax or compliance effect and utilizes the appropriate tax law and facts needed to resolve them. Recognizes indicators of fraudulent activity and develops appropriate referrals.
- Utilize standard accounting methods and techniques during the course of examinations in order to develop information regarding the income and financial operations of taxpayers.
- Examine accounting systems and records including computerized accounting and financial information systems which reflect a variety of complex financial operations. Gathers and researches data from a variety of sources, and/or specialized accounting practices unique to a particular trade or industry.
- Confer with taxpayer or their representatives to explain the accounting and other issues involved and the applicability of pertinent tax laws and regulations and explains proposed adjustments.
Participate in the development and implementation of administrative programs to implement QI, WP, WT, and/or FFI agreements and to effectuate voluntary compliance with, and effective enforcement of, US tax laws.
Maintain a continuing appraisal of the operations of the QI, WP, WT, and/or FFI agreements, related forms, and instructions for the purpose of identifying areas for amendment.
- Advise field personnel of procedures and guidelines relating to the implementation of provisions of international information reporting and withholding requirements, particularly the QI, WP, WT, and/or FFI agreements.
- Assist in preparation of studies, memoranda, reports and presentation related to international information reporting and withholding, in particular, withholding agreements for qualified intermediaries (QIs, including qualified derivatives dealers (QDDs)), withholding foreign partnerships (WPs), withholding foreign trusts (WTs), and foreign financial institutions (FFIs), as well as for FATCA intergovernmental agreements (IGAs).
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 - 1 to 5 nights per month
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/601567200. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.