Tax specialists work with individuals, small businesses, and large companies on tax-related issues. They are responsible for researching and understanding the implications of relevant tax laws, as well as meeting clients to gather information and explain their options. These specialist also meet with Internal Revenue Service (IRS) and customs officials on behalf of the client, and they complete different tax forms and audit their clients' tax records. One of the tax specialist's primary duties is tax planning, advising clients on how to reduce the amount they must pay; they also work on tax compliance, preparing and submitting tax return forms.
Additionally, tax specialists review tax credits and analyze their benefits, and they must file tax forms by designated deadlines. They also maintain tax records. In organizations, the tax specialist usually works with the corporate tax management staff and may interact with the chief financial officer (CFO) of the company. These professionals typically work in an office setting during regular business hours, although overtime may be required as deadlines approach.
A bachelor's degree in business, accounting, economics, or a related field is typically required for this position. Status as a certified public accountant (CPA) is typically expected as well. Tax specialists must be able to work independently under deadlines, have strong written and oral communication skills, and be able to use basic computer software required for this position. They must have an in-depth knowledge of federal, state, and local tax laws.