I didn't see anything about an accounting degree. Do they really not require that? Unless you are more focused on the technology side, you would think everyone has to understand all the tax laws.
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The irs code is 72k pages long. No one understands all the tax laws.
Also, an accounting degree mostly teaches book accounting, not tax accounting/tax law.
(08-10-2022, 10:15 PM)KingIngram052787 Wrote: [ -> ]Also, an accounting degree mostly teaches book accounting, not tax accounting/tax law.
Correct! I would expect most new employees will have law / economics / statistics / data science / math backgrounds.
New IRS recruits need the standard experience background ie law, finance, military, Special Ops, PsyOps, espionage, assassination, societal destabilization, regime change...all the usual stuff.
(08-10-2022, 11:40 PM)captivating Wrote: [ -> ] (08-10-2022, 10:15 PM)KingIngram052787 Wrote: [ -> ]Also, an accounting degree mostly teaches book accounting, not tax accounting/tax law.
Correct! I would expect most new employees will have law / economics / statistics / data science / math backgrounds.
On top of that, even a specialization in tax is mostly teaching corporate tax, not individual tax. All of these things are drastically different from one another.
(08-11-2022, 06:35 AM)flsprtsgod Wrote: [ -> ]New IRS recruits need the standard experience background ie law, finance, military, Special Ops, PsyOps, espionage, assassination, societal destabilization, regime change...all the usual stuff, while remaining devoid of any sense of humor or compassion and able to project a general air of complete indifference on a daily basis.
FIFY
(08-11-2022, 07:57 AM)Sneakers Wrote: [ -> ] (08-11-2022, 06:35 AM)flsprtsgod Wrote: [ -> ]New IRS recruits need the standard experience background ie law, finance, military, Special Ops, PsyOps, espionage, assassination, societal destabilization, regime change...all the usual stuff, while remaining devoid of any sense of humor or compassion and able to project a general air of complete indifference on a daily basis.
FIFY
I think that's the stuff they remove or impart during their training.
(08-11-2022, 07:57 AM)Sneakers Wrote: [ -> ] (08-11-2022, 06:35 AM)flsprtsgod Wrote: [ -> ]New IRS recruits need the standard experience background ie law, finance, military, Special Ops, PsyOps, espionage, assassination, societal destabilization, regime change...all the usual stuff, while remaining devoid of any sense of humor or compassion and able to project a general air of complete indifference on a daily basis.
FIFY
If there's ever been a truer oxymoron, it's 'funny accountant'. Exception being Bob Newhart.
Ever since we became business owners I literally have no idea what the tax code says anymore. I used to feel like I understood it back when it was just two salaries, some commissions and interest and dividends, and two kids. Now there are disbursements and employees and depreciation and... I'm lost. I just sign and hope the accountant did a good job.
But I've learned that no one really wants the code to be simpler. People say they want that, but when it's time to fight, the guys who like their loopholes really fight for their loopholes, and the people who said they wanted things simpler just don't show up because they'd rather work on other issues. (Or not work at all)
(08-11-2022, 10:11 AM)mikesez Wrote: [ -> ]Ever since we became business owners I literally have no idea what the tax code says anymore. I used to feel like I understood it back when it was just two salaries, some commissions and interest and dividends, and two kids. Now there are disbursements and employees and depreciation and... I'm lost. I just sign and hope the accountant did a good job.
But I've learned that no one really wants the code to be simpler. People say they want that, but when it's time to fight, the guys who like their loopholes really fight for their loopholes, and the people who said they wanted things simpler just don't show up because they'd rather work on other issues. (Or not work at all)
Accountants don't want it simpler, either. The more complex, the more business they get. They have PACs to protect their profession just like all other lobbyists.
(08-10-2022, 10:15 PM)KingIngram052787 Wrote: [ -> ]Also, an accounting degree mostly teaches book accounting, not tax accounting/tax law.
(08-10-2022, 11:40 PM)captivating Wrote: [ -> ] (08-10-2022, 10:15 PM)KingIngram052787 Wrote: [ -> ]Also, an accounting degree mostly teaches book accounting, not tax accounting/tax law.
Correct! I would expect most new employees will have law / economics / statistics / data science / math backgrounds.
(08-11-2022, 07:52 AM)KingIngram052787 Wrote: [ -> ] (08-10-2022, 11:40 PM)captivating Wrote: [ -> ]Correct! I would expect most new employees will have law / economics / statistics / data science / math backgrounds.
On top of that, even a specialization in tax is mostly teaching corporate tax, not individual tax. All of these things are drastically different from one another.
Someone with an accounting degree would be able to understand the simple things they need to do. Most of the audits are all AI based now. They just need to ask some questions and get documents.
Personal taxes are easy and you don't need specialized degree. Corporate taxes definitely need specialized degrees or experience. Same for people with large amounts of money.
These job listings don't have any knowledge of audits, finances, etc. At a minimum you would think they needed some degree related to accounting.
This is nothing but a large police force for the government.
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(08-11-2022, 11:23 AM)KingIngram052787 Wrote: [ -> ] (08-11-2022, 10:11 AM)mikesez Wrote: [ -> ]Ever since we became business owners I literally have no idea what the tax code says anymore. I used to feel like I understood it back when it was just two salaries, some commissions and interest and dividends, and two kids. Now there are disbursements and employees and depreciation and... I'm lost. I just sign and hope the accountant did a good job.
But I've learned that no one really wants the code to be simpler. People say they want that, but when it's time to fight, the guys who like their loopholes really fight for their loopholes, and the people who said they wanted things simpler just don't show up because they'd rather work on other issues. (Or not work at all)
Accountants don't want it simpler, either. The more complex, the more business they get. They have PACs to protect their profession just like all other lobbyists.
Most of the personal tax accountants that aren't dealing with small businesses are just using the software that you can buy yourself and answer the questions yourself. They really have no control over anything and frankly aren't worth the money you pay them.
The owners of those companies definitely don't want to simplify it.
Corporate taxes will never be simple so those jobs are always safe.
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(08-11-2022, 10:01 PM)p_rushing Wrote: [ -> ] (08-11-2022, 11:23 AM)KingIngram052787 Wrote: [ -> ]Accountants don't want it simpler, either. The more complex, the more business they get. They have PACs to protect their profession just like all other lobbyists.
Most of the personal tax accountants that aren't dealing with small businesses are just using the software that you can buy yourself and answer the questions yourself. They really have no control over anything and frankly aren't worth the money you pay them.
The owners of those companies definitely don't want to simplify it.
Corporate taxes will never be simple so those jobs are always safe.
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Most of them have some small business clients. They're dealing with it because typically an individual (other than someone who just has a W2 and nothing else) has some form of LLC or S-Corp that is flowing through to their personal return, so they just have the accountant deal with it all. A lot of these really small accounting firms also provide outsourced payroll/HR functions to these businesses so it makes sense to just have them do all of the filings.
You're right, it is a lot more complicated for larger corporations and is a huge headache for the smaller guys, but trust me it keeps the money flowing. Think about the PPP loans and all of the documentation you needed to provide to qualify and get forgiveness. You think any of these small business owners that have a few employees have any of those records, of course not, they call their accountant to deal with it.
Of course the PACs are all driven by some of the larger guys. The AICPA and FICPA and i'm sure other states' societies all push for you to donate to those campaigns to "protect the accounting profession."