Internships & Careers
Certified Public Accountant
Certified Public Accountants (CPAs) provide tax compliance and planning services to their firms’ clients. Generally, the larger firms service the larger companies. Areas of tax practice include individual income tax, corporate taxation, partnership and S-corporation taxation, estate and gift taxation, international taxation, state and local taxation, and trust taxation.
Tax attorneys help taxpayers to rectify issues they have with the IRS or state revenue department. This may include auditing, navigating fines incurred, or lien removal. A tax attorney may specialize in a variety of areas, such as income tax, tax law, corporate tax, or estate and trust taxation, and estate planning. Many attorneys earn an MST degree and may also be CPAs.
A tax accountant in industry works for one company, which can be in any industry and any size. They may work in the corporate tax department, which deals with the general income tax issues of the firm, in sales and use tax, in state and local tax if the firm is multi-state, and in international tax if the company has international operations. Tax planning is a core function of most companies. In addition to earning an MST, tax accountants in industry may also be CPAs or CMAs.
Internal Revenue Service
Careers opportunities with the IRS (Internal Revenue Service) are expansive. You can specialize in many different areas, such as income tax, excise tax, international tax, estate and gift tax, large business, and small business. Experience at the IRS is often leveraged to start a career with public accounting firms or with private companies.
You can also work for the U.S. Treasury Department, which oversees the IRS, interpreting tax laws through the issuance of regulations, performing economic analysis and commenting on tax policy.
The MST degree is often a requirement for these careers.
State and Local Government
You can work in the tax departments of state, city, county, and town government, specializing in areas such as income tax, property tax, excise tax, sales and use tax, meals tax, and many others.
Financial advisors help their clients make prudent investment decisions and are often involved with tax planning. They help clients meet their personal financial goals, including savings, debt, retirement, education funding, and investments. Many financial advisors hold the CFP (Certified Financial Planner) or the PFS (Personal Financial Specialist) designation in addition to the MST.
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