TAX EXEMPT BOND AGENT Amended
Internal Revenue Service - United States

This job posting is no longer available on Internal Revenue Service. Find similar jobs: Internal Revenue Service jobs

DUTIES
As a tax exempt bond agent in our TEB Field Operations unit, you will:
  • Identifying and correct noncompliance found during tax exempt bond examinations.

  • TEB agents are exposed to a diverse, visible, and intriguing area of tax law. They determine whether interest paid to municipal bondholders is properly excludible from gross income.

  • Use your accounting, analytical and other skills to 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.

  • Use your expertise to 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.

  • QUALIFICATIONS

    QUALIFICATIONS/ELIGIBILITY REQUIREMENTS: You must meet the following eligibility and basic qualification requirements by the closing date of this announcement.

    BASIC REQUIREMENTS
    GRADE-13 LEVEL: To be minimally qualified, you must meet A, B, C,D, or E, plus F and G below.
    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. The required 30 semester hours (45 quarter hours) in accounting may include up to 6 semester hours (9 quarter hours) in related subjects such as business law, economics, statistical/quantitative methods, computerized accounting or financial systems, financial management or finance. The remaining 24 semester hours (36 quarter hours) must be in accounting. OR
    B. Bachelor's or higher degree in any field of study from an accredited college or university that included at least 30 semester hours (45 quarter hours) in accounting, as defined in paragraph A above. The course work must have been such that it would serve as a prerequisite for more advanced study in the field of accounting. This means 1) the courses should be acceptable toward an accounting degree by a four year college or university and 2) the course work, as a whole, i.e., the required 30 semester hours (45 quarter hours), must include upper division level courses normally taken during the junior and senior years at a four year college or university. OR
    C. At least 4 full years of progressive academic study (120 semester hours) at an accredited college or university that included at least 30 semester hours (45 quarter hours) in accounting, as defined in paragraph A above. The course work must have been such that it would serve as a prerequisite for more advanced study in the field of accounting. This means 1) the courses should be acceptable toward an accounting degree by a four year college or university and 2) the course work, as a whole, i.e., the required 30 semester hours (45 quarter hours), must include upper division level courses normally taken during the junior and senior years at a four year college or university. OR
    D. Certificate as a Certified Public Accountant (CPA) obtained through written examination in a State, territory or the District of Columbia. OR
    E. A combination of experience and education at an accredited college or university equivalent to 4 years. Must have included at least 30 semester hours (45 quarter hours) in accounting, as defined in paragraph A above. The course work must have been such that it would serve as a prerequisite for more advanced study in the field of accounting. This means 1) the courses should be acceptable toward an accounting degree by a four year college or university and 2) the course work, as a whole, i.e., the required 30 semester hours (45 quarter hours), must include upper division level courses normally taken during the junior and senior years at a four year college or university.
    To be qualifying, experience must have been of sufficient complexity to demonstrate the minimum accounting knowledge required to perform Internal Revenue Agent duties. Notes: 1. In applying the BASIC REQUIREMENTS above: a. One full year of undergraduate academic study is defined as 30 semester hours (45 quarter hours) and is equivalent to 1 year of full- time experience; b. Additional credit will not be given for duplicate coursework (courses will be counted only once); and c. Part-time experience will be prorated. Quality Of Experience: The requirement for professional accounting knowledge can be met by possession of 30 semester hours (45 quarter hours) of accounting education as defined in BASIC REQUIREMENTS paragraph A. While experience may be in any of a variety of types of professional, administrative, technical, investigative or other responsible work, it must demonstrate all of the following: 1. Ability to recognize, identify, analyze and evaluate data; 2. Ability to plan, organize and prioritize work; and 3. Ability to communicate effectively, orally and in writing. General clerical experience is not qualifying. AND
    F. At least 1 year of specialized experience. Specialized experience is defined as progressively responsible and diversified accounting or auditing work that required: Knowledge of 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; Skill in interpreting and applying Federal tax law for individuals, business and/or exempt organizations, partnerships, and corporations; Knowledge of business and trade practices to develop tax issues based on analysis and evaluation of overall business operations and financial condition; Knowledge of corporate financial transactions and financial management principles and practices AND Skill in interacting effectively with a broad range of individuals and in negotiating with specialist in accounting, legal, tax, and other similar business related professions. To qualify at the GS-13 level, your specialized experience must be equivalent to the GS-12 level in the federal service. AND
    G. You must have the following professional accounting knowledges: Knowledge of Principles of Accounting, Knowledge of Intermediate Accounting, Knowledge of Cost Accounting, Knowledge of Advanced Accounting and Knowledge of Auditing. These knowledges are typically acquired by completion of an accounting degree from a four-year college or university or through work experience. For example, an internship at an accounting firm may have exposed you to accounting theories and principles, provided that internship was doing professional accounting work. Clerical or bookkeeping experience would generally not provide you with the depth of knowledge.

    In Addition to the Basic Requirements listed above your specialized experience must include the following: Specialized knowledge of complex tax laws, regulations, rulings, court decisions, and policies relating to tax exempt bond and other municipal financing issues.

    Internal Revenue Service - 22 months ago - save job - copy to clipboard
    About this company
    1,147 reviews
    WASHINGTON - The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for...