The global tax management market size reached USD 17.66 Billion in 2020 and is expected to grow at a 12.4% CAGR from 2020 to 2030.
This forecast is highly positive and causes many students to opt for the tax management industry. But to become a successful tax professional, it is important to land the right tax internship.
The right internship sets the tone for the rest of your career. It is thus important to have an impeccable resume accompanied by a cover letter to increase your chances of getting shortlisted.
Do not know how to draft a tax intern resume?
We are here to help! Read on to learn about what a tax intern does, how to write a tax intern resume, and what skills and qualifications to include.
- What does a tax intern do?
- What to include in a tax intern resume?
- What are the basic tax intern skills?
What Does a Tax Intern Do?
A tax intern works under a senior tax professional and learns the job of compiling and evaluating tax and related reports under their supervision. Interns perform the duties and responsibilities listed on the tax intern resume while working under the supervision of an auditor.
A tax intern is responsible for supporting tax professionals.
Tax intern responsibilities:
- Preparing federal, state, and international tax filings for clients
- Financial and accounting responsibilities of the firm
- Assisting with general office duties
Responsibilities of a Corporate Tax Intern
It would help to add the following to your work experience section:
- Learned about the direct tax compliance
- Capable of working in a fast-paced environment
- Worked on book-keeping
Responsibilities of a Winter Tax Intern
Refer to the following points to add to your winter tax internship resume:
- Analytical mindset and problem-solving oriented
- Learned and adapted to both in-house and tax return preparation software
- Studying a relevant field like Finance, Economics, or Fiscal/Tax Law
Responsibilities of a Domestic Tax Intern
Refer to the following examples of what to add to your resume:
- Implemented automation solutions
- Automated direct tax payments
- Performed data extraction for the preparing of corporate income tax return
What to Put on a Resume for an Internship?
To write a great tax intern resume, you must include:
- Contact information
- Work experience
- Educational Background
- Technical and Soft Skills
Also Read: How to craft the perfect internship resume?
Contact Information
It is important to provide your contact information for the recruiter to contact you if your application gets shortlisted. The following details are deemed necessary:
| Full name | Mr. Will Smith |
| Email | will.smith@gmail.com |
| Contact Number | +1 713 513 4333 |
| LinkedIn Profile Link | https://www.linkedin.com/will.smith |
Work Experience
The work experience section is an important aspect of your tax internship resume. The recruiter pays the most attention to it.
It is not merely a recap of your past tax internship duties and responsibilities. Its purpose is to present you as a well-rounded applicant by highlighting your relevant achievements, and it should be targeted to the specific tax internship position you're seeking for.
The work experience section should include a full description of your most recent three or four jobs.
The work experience section of a tax intern resume should include:
- Your previous employers
- Specific dates of employment
- Job location
- Job Title
- Responsibilities held
- Promotions, if any
- Awards and recognition, if any
Pro Tip: Choose the right format for work experience- reverse chronological, functional or a combination. The reverse chronological format is the most popular.
Also Read: How to draft the perfect cover letter for an internship?
Educational Background on a Tax Intern Resume
Make sure to add your educational background to your tax internship resume. If you have some work experience, then mention the details of your education after your tax internship experience. List the degrees/diplomas in a reverse chronological order starting with the most recent at the top.
These are the four additional details you should provide in the education section of your resume:
- Graduation school
- Major/minor
- Graduation year
- Graduation location
Tax Intern Skills
Include the skills section after experience and educational background in the tax intern resume. You must present the most important skills in your resume.
Below is a list of typical tax internship skills:
- Comfortable working in a team
- Expert communication skills
- Able to prioritize tasks
- Able to work on multiple assignments
- Hands-on experience in tax and asset management
- Preparing and filing tax returns of all nature
Corporate Tax Intern Skills
Some of the corporate tax intern skills are:
- Coordinating with federal and state income tax audits
- Preparing federal, state, and local tax returns
- Preparing relevant documentation
- Researching tax issues
- Data analysis and tax modeling
- Effective Communication Skills
Winter Tax Intern Skills
Some of the winter tax intern skills are:
- Working in a team
- Learning accounting, forecasting, tax, and transfer pricing
- Supporting tax planning, tax audits, and accounting projects
- Researching about accounting and tax industry
- Fluency in English- verbal and written
- Advanced in Excel, including VBA
- Database systems such as Access, SQL
Domestic Tax Intern Skills
Some of the domestic tax intern skills are:
- Researching tax controversy issues, tax notices
- Working with accounts payable, accounts receivable & sectors to resolve sales/use tax issues
- Supporting ongoing state and federal state tax audits
- Time management
- Detail orientated and self–motivated
Five Key Resume Tips For Writing a Tax Intern Resume
Remember to follow these tips to write a winning resume:
Relevant Experience
Make sure the roles and experience you provide in the tax intern resume apply to the position you're looking for.
For instance, a valid experience shall be, assisting with the day-to-day operations of a CPA firm that specializes in small business consulting.
The Essential Skills
This is an excellent opportunity to use keywords used in the job description. If they're looking for someone with expertise in income tax returns, for instance, include it in the skills section of your tax intern resume.
For example, Under the supervision of a CPA, I prepared income tax returns for expatriates.
Quantifiable Accomplishments
Your professional achievements demonstrate the distinct value you bring to the company. To contextualize your accomplishments, use numbers.
For instance, Negotiated with the IRS to reduce taxpayers' prior-year tax obligations from $15,200 to $8,000.
ATS-Friendly
An applicant tracking system (ATS) is software that helps employers collect, scan, organize, and rate applications. Use smart keywords relevant to the application to get your resume past the ATS.
Some examples of smart keywords that you can add to your tax intern resume for making it ATS-friendly are:- financial reports documentation, invoice preparation, data entry, and bookkeeping.
Perfect Formatting
It is critical to format a resume professionally and appealingly. Make sure to choose the right template. Choose from reverse chronological, functional and combination formats.
- Reverse chronological format: You mention the most recent work experience on top of the professional experience section and mention the rest of your experiences in reverse order.
- Functional Resume Format: It focuses more on the candidate's skills than years of experience
- Combination Resume format: This is a mix of both the above formats.
Also Read: How to use a suitable resume format in 2022?
Key Takeaways
A tax intern resume along with a cover letter greatly increases your chances of getting shortlisted.
- Include relevant information in the tax intern resume. Mention your contact information, work experience, educational background, and skills in your tax intern resume.
- Choose the right template for the resume.
- Cherry-pick skills from the job description provided to create an ATS-friendly resume.
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