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Career and Education Opportunities for Income Tax Advisors in Carrollton, Texas

There are many career and education opportunities for income tax advisors in the Carrollton, Texas area. There are currently 10,100 working income tax advisors in Texas; this should shrink 2% to about 9,860 working income tax advisors in the state 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. 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 earn about $13 hourly or $27,340 yearly on average in Texas and about $14 per hour or $29,420 per year on average nationally. Earnings for income tax advisors are not quite as good as earnings in the general category of Accounting and Auditing in Texas and not quite as good as general Accounting and Auditing category earnings nationally. People working as income tax advisors can fill a number of jobs, such as: tax specialist, tax manager, and income tax expert.

There are seven schools within twenty-five miles of Carrollton where you can study to be an income tax advisor, among ninety-five schools of higher education total in the Carrollton area. Income tax advisors usually hold a high school diploma or GED, so you can expect to spend only a short time studying to be 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 Carrollton 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

The University of Texas at Arlington - Arlington, TX

The University of Texas at Arlington, 701 S. Nedderman Dr., Arlington, TX 76013. The University of Texas at Arlington is a large university located in Arlington, Texas. It is a public school with primarily 4-year or above programs. It has 25,070 students and an admission rate of 56%. The University of Texas at Arlington has a master's degree and a post-master's certificate program in Taxation which graduated eight and one students respectively in 2008.

Tarrant County College District - Fort Worth, TX

Tarrant County College District, 1500 Houston St, Fort Worth, TX 76102-6599. Tarrant County College District is a large college located in Fort Worth, Texas. It is a public school with primarily 2-year programs and has 39,596 students. Tarrant County College District has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated seventy-eight and twenty-five students respectively in 2008.

ITT Technical Institute-Richardson - Richardson, TX

ITT Technical Institute-Richardson, 2101 Waterview Pky, Richardson, TX 75080. ITT Technical Institute-Richardson is a small school located in Richardson, Texas. It is a private for-profit school with primarily 2-year programs. It has 705 students and an admission rate of 46%. ITT Technical Institute-Richardson has an associate's degree program in Accounting Technology/Technician and Bookkeeping.

CCI Training Center - Arlington, TX

CCI Training Center, 770 E. Road To Six Flags # 140, Arlington, TX 76011. CCI Training Center is a small school located in Arlington, Texas. It is a private for-profit school with primarily less-than 2-year programs and has 66 students. CCI Training Center has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated 158 students in 2008.

University of North Texas - Denton, TX

University of North Texas, Chestnut Ave., Denton, TX 76203-1277. University of North Texas is a large university located in Denton, Texas. It is a public school with primarily 4-year or above programs. It has 34,795 students and an admission rate of 64%. University of North Texas has a master's degree program in Taxation which graduated eighteen students in 2008.

Brookhaven College - Farmers Branch, TX

Brookhaven College, 3939 Valley View Ln, Farmers Branch, TX 75244-4997. Brookhaven College is a large college located in Farmers Branch, Texas. It is a public school with primarily 2-year programs and has 11,173 students. Brookhaven College has a one to two year program in Accounting Technology/Technician and Bookkeeping.

Cedar Valley College - Lancaster, TX

Cedar Valley College, 3030 N Dallas Ave, Lancaster, TX 75134-3799. Cedar Valley College is a medium sized college located in Lancaster, Texas. It is a public school with primarily 2-year programs and has 5,223 students. Cedar Valley College has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated one student 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: Carrollton, Texas

Carrollton, Texas
Carrollton, Texas photo by Drumguy8800

Carrollton is situated in Dallas County, Texas. It has a population of over 125,595, which has grown by 14.6% over the last ten years. The cost of living index in Carrollton, 90, is well below the national average. New single-family homes in Carrollton are valued at $265,200 on average, which is far greater than the state average. In 2008, one hundred sixty-seven new homes were constructed in Carrollton, down from one hundred ninety-nine the previous year.

The three most popular industries for women in Carrollton are educational services, finance and insurance, and health care. For men, it is professional, scientific, and technical services, construction, and accommodation and food services. The average commute to work is about 27 minutes. More than 37.0% of Carrollton residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.6%, is higher than the state average.

The unemployment rate in Carrollton is 7.7%, which is less than Texas's average of 8.1%.

The percentage of Carrollton residents that are affiliated with a religious congregation, 55.1%, is more than the national average but less than the state average. Primera Iglesia Bautista Hispana Church, Redeemer Covenant Church and Christian Life Assembly of God Church are all churches located in Carrollton. The most common religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Carrollton is home to the Elm Fork Filtration Plant and the A W Perry Homestead Museum as well as Thomas Park and Hebron High School Baseball Field.