Our Tax Specialist job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Tax Specialist role
A Tax Specialist is a professional who specializes in tax laws and regulations, and helps individuals and businesses plan and manage their taxes. They prepare and file tax returns, and may also advise clients on how to maximize their deductions, credits, and other benefits. Tax Specialists must be knowledgeable about the latest tax laws and regulations, and have excellent organizational and communication skills.
Role Purpose
The purpose of a Tax Specialist is to provide expert advice and assistance to individuals and businesses in preparing and filing taxes. This includes understanding the complex rules and regulations of the Internal Revenue Service (IRS) and other applicable tax codes, as well as researching and understanding new tax laws and regulations. Tax Specialists must also be able to advise clients on the most advantageous ways to file their tax returns and to provide accurate and timely calculations of tax liabilities. Additionally, Tax Specialists may be called upon to represent clients in audits with the IRS.
Tax Specialist Summary
Tax Specialist Job Summary
A Tax Specialist is responsible for managing the tax compliance and reporting requirements of organizations. They must have knowledge of federal, state and local tax laws, regulations and filing requirements. Tax Specialists are responsible for preparing, filing, and maintaining tax returns, preparing and filing estimated payments, responding to IRS and other government notices, and providing advice on tax strategies and strategies for minimizing tax liabilities. They must also be knowledgeable about accounting, finance and business law. A successful Tax Specialist must have strong research, analytical and communication skills, as well as strong attention to detail.
Tax Specialist Duties
- Assist with tax compliance and filing
- Research and identify potential tax credits and deductions
- Prepare and review tax returns
- Maintain current knowledge of tax regulations and changes
- Provide tax planning advice
- Advise clients on the most tax-efficient way to structure their finances
Tax Specialist Skills
- Tax knowledge
- Accounting principles
- Tax preparation
- Tax analysis
- Tax laws
Tax Specialist Requirements
- Bachelor's degree in accounting, finance, or a related field
- CPA or CTA certification
- Strong knowledge of taxation laws & regulations
- Excellent analytical and problem-solving skills
- Proficiency in MS Office & accounting software
Personal Traits
- Excellent analytical and problem solving skills
- Ability to work accurately and attention to detail
- Excellent organizational skills
- Strong written and verbal communication skills