Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Income Tax Advisors in Los Angeles, California

Income tax advisor career and educational opportunities abound in Los Angeles, California. There are currently 8,200 jobs for income tax advisors in California and this is projected to shrink 2% to 8,000 jobs by 2016. This is not quite as good as the national trend for income tax advisors, which sees this job pool growing by about 2.9% over the next eight years. Income tax advisors generally prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.

Income tax advisors earn about $23 per hour or $48,630 yearly on average in California and about $14 hourly or $29,420 annually on average nationally. Compared with people working in the overall category of Accounting and Auditing, people working as income tax advisors in California earn less. They earn less than people working in the overall category of Accounting and Auditing nationally. People working as income tax advisors can fill a number of jobs, such as: tax consultant, corporate tax preparer, and tax manager.

The Los Angeles area is home to 274 schools of higher education, including fifteen within twenty-five miles of Los Angeles where you can get a degree as an income tax advisor. The most common level of education for income tax advisors is a high school diploma or GED. You can expect to spend only a short time training to become an income tax advisor if you already have a high school diploma.

CAREER DESCRIPTION: Income Tax Advisor

Income Tax Advisor video from the State of New Jersey Dept. of Labor and Workforce Development

In general, income tax advisors prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.

Income tax advisors ready or help in preparing simple to complex tax returns for individuals or small businesses. They also use all appropriate adjustments and credits to keep clients' taxes to a minimum. Equally important, income tax advisors have to inspect financial records such as income statements and documentation of expenditures to establish forms needed to ready tax returns. They are often called upon to consult tax law handbooks or bulletins to establish processes for preparation of atypical returns. They are expected to compute taxes owed or overpaid, using computers and complete entries on forms, following tax form instructions and tax tables. Finally, income tax advisors furnish taxpayers with sufficient data and advice to insure correct tax form completion.

Every day, income tax advisors are expected to be able to see details at a very fine level of focus. They need to read and understand documents and reports. It is also important that they deal with basic arithmetic problems.

It is important for income tax advisors to check data input or verify totals on forms prepared by others to uncover errors in arithmetic or procedures. Somewhat less frequently, income tax advisors are also expected to calculate form preparation fees in line with return complexity and processing time required.

They also have to be able to interview clients to obtain additional data on taxable income and deductible expenses and allowances And finally, they sometimes have to inspect financial records such as income statements and documentation of expenditures to establish forms needed to ready tax returns.

Like many other jobs, income tax advisors must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Los Angeles include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
  • Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
  • Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
  • Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
  • Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
  • Personal Financial Planner. Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. Duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
  • Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Income Tax Advisor Training

Stanbridge College - Irvine, CA

Stanbridge College, 2041 Business Ctr Dr Ste 107, Irvine, CA 92612. Stanbridge College is a small college located in Irvine, California. It is a private for-profit school with primarily 2-year programs. It has 180 students and an admission rate of 74%. Stanbridge College has a less than one year program in Accounting Technology/Technician and Bookkeeping.

California State University-Fullerton - Fullerton, CA

California State University-Fullerton, 800 N State College Blvd, Fullerton, CA 92831-3599. California State University-Fullerton is a large university located in Fullerton, California. It is a public school with primarily 4-year or above programs. It has 36,990 students and an admission rate of 60%. California State University-Fullerton has a master's degree program in Taxation which graduated twenty students in 2008.

DeVry University-California - Pomona, CA

DeVry University-California, 901 Corporate Ctr Dr, Pomona, CA 91768-2642. DeVry University-California is a medium sized university located in Pomona, California. It is a private for-profit school with primarily 4-year or above programs. It has 6,183 students and an admission rate of 88%. DeVry University-California has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two students in 2008.

American Pacific College - Van Nuys, CA

American Pacific College, 14435 Sherman Way, Suite 208, Van Nuys, CA 91405. American Pacific College is a small college located in Van Nuys, California. It is a private for-profit school with primarily less-than 2-year programs and has 20 students. American Pacific College has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.

Los Angeles Pierce College - Woodland Hills, CA

Los Angeles Pierce College, 6201 Winnetka Ave, Woodland Hills, CA 91371-0002. Los Angeles Pierce College is a large college located in Woodland Hills, California. It is a public school with primarily 2-year programs and has 21,832 students. Los Angeles Pierce College has a less than one year program in Taxation.

Los Angeles ORT Technical Institute - Los Angeles, CA

Los Angeles ORT Technical Institute, 6435 Wilshire Blvd, Los Angeles, CA 90048. Los Angeles ORT Technical Institute is a small school located in Los Angeles, California. It is a private not-for-profit school with primarily 2-year programs and has 176 students. Los Angeles ORT Technical Institute has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated twenty-four students in 2008.

Baldwin Park Adult & Community Education - Baldwin Park, CA

Baldwin Park Adult & Community Education, 4640 Maine Ave, Baldwin Park, CA 91706-4221. Baldwin Park Adult & Community Education is a small school located in Baldwin Park, California. It is a public school with primarily less-than 2-year programs and has 1,400 students. Baldwin Park Adult & Community Education has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated twenty-one students in 2008.

InfoTech Career College - Bellflower, CA

InfoTech Career College, 16900 Lakewood Blvd Ste 209, Bellflower, CA 90706. InfoTech Career College is a small college located in Bellflower, California. It is a private for-profit school with primarily less-than 2-year programs. It has 50 students and an admission rate of 80%. InfoTech Career College has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated five students in 2008.

Argosy University-Los Angeles - Santa Monica, CA

Argosy University-Los Angeles, 2950 31st Street, Santa Monica, CA 90405. Argosy University-Los Angeles is a small university located in Santa Monica, California. It is a private for-profit school with primarily 4-year or above programs. It has 307 students and an admission rate of 86%. Argosy University-Los Angeles has an associate's degree program in Accounting Technology/Technician and Bookkeeping.

Los Angeles Southwest College - Los Angeles, CA

Los Angeles Southwest College, 1600 W Imperial Hwy., Los Angeles, CA 90047-4899. Los Angeles Southwest College is a medium sized college located in Los Angeles, California. It is a public school with primarily 2-year programs and has 7,411 students. Los Angeles Southwest College has a less than one year program in Taxation.

Golden West College - Huntington Beach, CA

Golden West College, 15744 Golden West, Huntington Beach, CA 92647-2710. Golden West College is a large college located in Huntington Beach, California. It is a public school with primarily 2-year programs and has 14,000 students. Golden West College has a two to four year program in Taxation.

Los Angeles ORT Technical Institute-Sherman Oaks - Sherman Oaks, CA

Los Angeles ORT Technical Institute-Sherman Oaks, 15130 Ventura Blvd, Ste 250, Sherman Oaks, CA 91403. Los Angeles ORT Technical Institute-Sherman Oaks is a small school located in Sherman Oaks, California. It is a private not-for-profit school with primarily 2-year programs and has 54 students. Los Angeles ORT Technical Institute-Sherman Oaks has a less than one year program in Accounting Technology/Technician and Bookkeeping.

University of Southern California - Los Angeles, CA

University of Southern California, University Park, Los Angeles, CA 90089. University of Southern California is a large university located in Los Angeles, California. It is a private not-for-profit school with primarily 4-year or above programs. It has 33,747 students and an admission rate of 22%. University of Southern California has a master's degree program in Taxation which graduated sixty students in 2008.

Glendale Community College - Glendale, CA

Glendale Community College, 1500 N Verdugo Rd, Glendale, CA 91208-2894. Glendale Community College is a large college located in Glendale, California. It is a public school with primarily 2-year programs and has 15,993 students. Glendale Community College has a two to four year program in Taxation.

Adelante Career Institute - Van Nuys, CA

Adelante Career Institute, 14547 Titus, Suite 100, Van Nuys, CA 91402. Adelante Career Institute is a small school located in Van Nuys, California. It is a private for-profit school with primarily less-than 2-year programs. It has 95 students and an admission rate of 89%. Adelante Career Institute has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated nine students in 2008.

CERTIFICATIONS

Accredited Tax Advisor: This credential is for practitioners who handle sophisticated tax planning issues, including ownership of closely held businesses, qualified retirement plans and complex estates.

For more information, see the Accreditation Council for Accountancy and Taxation website.

LOCATION INFORMATION: Los Angeles, California

Los Angeles, California
Los Angeles, California photo by Diliff

Los Angeles is located in Los Angeles County, California. It has a population of over 3,833,995, which has grown by 3.8% in the past ten years. The cost of living index in Los Angeles, 166, is far greater than the national average. New single-family homes in Los Angeles are valued at $361,500 on average, which is far greater than the state average. In 2008, seven hundred twelve new homes were built in Los Angeles, down from 1,551 the previous year.

The three big industries for women in Los Angeles are health care, educational services, and professional, scientific, and technical services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average travel time to work is about 30 minutes. More than 25.5% of Los Angeles residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.1%, is lower than the state average.

The unemployment rate in Los Angeles is 13.9%, which is greater than California's average of 12.3%.

The percentage of Los Angeles residents that are affiliated with a religious congregation, 58.1%, is more than both the national and state average. All Peoples Christian Church, All Saints Episcopal Church and All Saints Roman Catholic Church are some of the churches located in Los Angeles. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the LDS (Mormon) Church.

Los Angeles is home to the Balboa Municipal Golf Course and the Angels Flight Railway as well as Hazard Park and State Street Recreation Center. Shopping centers in the area include Encino Junior Shopping Center, Encino Oaks Shopping Center and Encino Town Center Shopping Center. Visitors to Los Angeles can choose from Best Western Mid-Wilshire Plaza, Best Western Westwood Pacific and Alma Lodge for temporary stays in the area.