Revenue Agent

AAA

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 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).

RELATED TERMS
  1. Corporate Agent

    A type of trust company that acts on behalf of corporations and ...
  2. Back Taxes

    Taxes that have been unpaid in the year that they were due. Taxpayers ...
  3. Revenue Officer

    An individual who collects revenues such as taxes and duties ...
  4. Revenue Ruling

    A decree issued by the IRS that essentially has the force of ...
  5. Audit

    1. An unbiased examination and evaluation of the financial statements ...
  6. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
Related Articles
  1. Getting A Job As The Tax Man
    Insurance

    Getting A Job As The Tax Man

  2. How To Appeal Your IRS Audit
    Taxes

    How To Appeal Your IRS Audit

  3. Studying For The CFP Exam
    Professionals

    Studying For The CFP Exam

  4. Surviving The IRS Audit
    Taxes

    Surviving The IRS Audit

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center