Summary
The U.S. Department of the Treasury has a distinguished history dating back to the founding of our nation. As the steward of U.S. economic and financial systems, Treasury is a major and influential leader in today’s global economy. We have over 100,000 employees across the country and around the world. Come Join the Department of the Treasury and Invest in Tomorrow.
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Responsibilities
WHAT DOES AN ECONOMIST DO? Economists perform microeconomic research and analysis of complex transactions, economic structures, and valuations. They review and analyze economic, statistical, and tax data to determine the existence of a potential economic issue; develop an effective work plan, conduct research in source materials, explain and defend research findings. They provide technical guidance and serve as qualified witnesses for the Government in cases reaching litigation.
As An Economist, You Will
Perform assignments based on research and analyses involved in examinations, including complex issues covering a range of industries and specializations.
Conduct microeconomic research and analyses that require the study of economic structure, business practices, interest rates, competitive conditions, trade barriers and product life cycles.
Review and analyze economic, statistical, and tax data to determine the existence of a potential economic issue; recommend formal or limited assistance or withdrawal; develop an effective work plan, conduct research in source materials that include databases, journals and government publications.
Explain and defend research findings to the taxpayer, taxpayer’s representatives, exam team, Appeals, Counsel, and other IRS personnel, and serve as a witness in cases reaching litigation.
Provide expert technical advice and direction to service employees relative to the largest and most complex economic issues.
Provide technical support on complex cases which have economic issues and entail in-depth analyses of economic structures, interest rates, business practices, product life cycles, etc.
Prepare written findings, reports and other technical guidance.
Perform multiple assignments or projects of a highly technical nature requiring advanced economic knowledge, and make precedent-setting and industry – or nationwide determinations
WHAT IS THE LARGE BUSINESS AND INTERNATIONAL
(LB&I) DIVISION OF THE INTERNAL REVENUE SERVICE? The Large Business and International (LB&I) business unit provides service and enforcement activities to support tax compliance of businesses and related entities with assets of $10 million or more, as well as small U.S. businesses engaged in international activities, U.S. citizens abroad, and foreign persons and businesses with a U.S. tax requirement. As our name suggests, international tax administration is an important part of what we do in LB&I. As part of the LB&I team, you may be assigned to work in International, or with one of six industry segments: Communications Technology and Media, Financial Services, Global High Wealth, Heavy Manufacturing and Pharmaceuticals, Natural Resources and Construction, or Retailers, Food, Transportation and Healthcare. Regardless of where you serve, you will be supported by a variety of professionals (accountants, economists, engineers, computer audit specialists and subject matter experts) as you tackle the most complex foreign and domestic tax issues.
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