What does RO mean in INTERNATIONAL BUSINESS

RO stands for Revenue Officer. This refers to a person employed by the Internal Revenue Service whose primary job is to collect taxes owed by individuals and businesses.

A Revenue Officer is responsible for assessing taxes due from individuals and businesses, tracking down delinquent taxpayers and collecting owed monies, executing levies against assets owned by delinquent taxpayers, leading criminal investigations related to tax evasion, implementing payment plans between taxpayers and the IRS, representing the IRS in court, negotiating repayment of overdue taxes with taxpayers and other parties, reviewing financial statements in order to ascertain tax liabilities accurately.

In order to become a Revenue Officer in the US, you must have at least a high school diploma or GED certificate, meet various education qualifications outlined by the IRS (e.g., equivalent college-level credits), pass an entrance exam administered by the IRS, undergo extensive background checks and interviews with potential employers prior to obtaining an official position within the organization. Depending on positions available within your geographic region at any given time, one may have additional requirements or preferences as well.

In order to be successful as a Revenue Officer, it's important that you possess strong business acumen coupled with excellent interpersonal skills. You should also be proficient in auditing techniques and familiarity with all relevant sections of federal tax code regulations as they apply. Additionally having knowledge on accounting methods used for both business and individual income tax filings would be beneficial for you in this role. All potential candidates should strive to stay current with changes related to tax law updates which occur periodically throughout each year.

According to Payscale data from January 2021, the average annual salary for US based revenue officers ranged anywhere from k - k annually depending largely on factors like geographic location and length of experience working within this field. Benefits packages can vary greatly depending on employer but often include basic things like medical insurance coverage along with 401k retirement savings plan contributions matched up to certain percentage points offered under each amount tier level.