The young man knows the rules, but the old man knows the exceptions.

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Legal Definitions - Revenue agent

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Definition of Revenue agent

A revenue agent is an employee of the Internal Revenue Service (IRS) who is responsible for conducting tax audits of individuals and businesses. Their primary role is to determine the tax liability of entities selected for an audit and to answer inquiries from individuals regarding their tax liability.

For example, if a business is selected for an audit, a revenue agent will review their financial records and tax returns to ensure that they have accurately reported their income and deductions. If the agent finds discrepancies or errors, they may adjust the business's tax liability accordingly.

It is important to note that revenue agents are different from revenue officers. While revenue agents focus on conducting audits and determining tax liability, revenue officers are responsible for collecting taxes from individuals who have significant outstanding tax debt.

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Simple Definition

A revenue agent is someone who works for the government and checks to make sure people and businesses are paying the right amount of taxes. They look at tax returns and ask questions to figure out how much someone owes. If you have a question about your taxes, you can ask a revenue agent for help.

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The end of law is not to abolish or restrain, but to preserve and enlarge freedom.

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