Revenue agent

Revenue agent,

Definition of Revenue agent:

  1. Revenue agents may perform a variety of tasks including reviewing filed tax returns for accuracy and conducting in-person audits outside of the office. For a basic audit, revenue agents may contact a taxpayer by mail or phone to discuss a return or request supporting documents.

  2. A revenue agent is an accountant employed by the Internal Revenue Service (IRS) or local or state governments to examine and audit tax returns and records. A revenue agent's job is to make sure that tax liabilities of individuals, small businesses and corporations and other tax-paying entities have been met. Typically, revenue agents hold a bachelor's degree or, in some cases, an associate's degree in accounting.

  3. Individuals who specialize in tax-related accounting for the IRS (Internal Revenue Service). They are typically used to perform random audits.

Meaning of Revenue agent & Revenue agent Definition