Investopedia

Revenue Agent

Dictionary Says

Definition of 'Revenue Agent'

An accountant who works for the U.S. Internal Revenue Service (IRS). A revenue agent's job is to examine and audit the financial records of individuals, businesses and corporations to make sure that tax liabilities have been met. These individuals can be employed by the Internal Revenue Service or by local or state government entities. Typically, revenue agents hold a bachelor's degree or, in some cases, an associate's degree in accounting.
Investopedia Says

Investopedia explains 'Revenue Agent'

Some revenue agents work exclusively on the records of suspected criminals, including drug dealers and money launderers. Those agents who specialize in this field may be required to provide testimony in a court of law. Senior revenue agents generally examine the most complicated tax returns involving individuals or businesses. Revenue agents can specialize in a variety of divisions. These specialists can have many areas of expertise and a variety of titles, such as financial products and transactions examiners (FPTE); international examiners (IE); employment tax specialists (ETS); and computer audit specialists (CAS).

Articles Of Interest

  1. Studying For The CFP Exam

    Learn the tips and tricks of the trade before heading into this test.
  2. Surviving The IRS Audit

    Keeping thorough records and knowing the penalties make this experience easier than you'd expect.
  3. Getting A Job As The Tax Man

    If you'd like the IRS to pay you some money for a change, consider a career working in taxes.
  4. How To Appeal Your IRS Audit

    The auditor's review isn't always the last word. Many taxpayers who are audited can successfully appeal their audits and save thousands of dollars.
  5. A Day In The Life Of A Day Trader

    Day trading has many advantages and, while we often hear about these perks, it's important to realize that day trading is hard work.
  6. Financial Designations That Employers Require

    We break down the designations that are important to have if you want to work in the financial sector.
  7. Designations For The Buy Side

    For those interested in picking securities and financial planning, these certifications could be just what your buy-side financial career needs.
  8. Making It Big On Wall Street

    Read about some of the most glamorous Wall Street jobs and what it takes to land one.
  9. Depreciation: Straight-Line Vs. Double-Declining Methods

    Appreciate the different methods used to describe how book value is "used up".
  10. Quants: The Rocket Scientists Of Wall Street

    Blend math, finance and computer skills to command a high - and well deserved - salary.
comments powered by Disqus
Marketplace
Hot Definitions
  1. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.
  2. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.
  3. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
  4. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
  5. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
  6. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
Trading Center