It is Precision Tax Relief’s primary objective to assist individuals in resolving their tax debts with the Internal Revenue Service (IRS). It has settled over $58 million in tax debt and has a 94% success rate with offers in compromise petitions with the IRS.
When someone hears claims like this, It’s normal to be skeptical, given the industry’s bad reputation for overpromising clients and delivering results that are well short of their promises. After doing some research on Precision’s services and client reviews, we decided to take a closer look. Here are some thoughts on the company.
Precision Tax Relief Summary
|Tax Resolution, Tax Preparation, Bookkeeping
|Average Fee of $2,000 (Based on Third-Party Sites)
|Minimum Debt Required
|30-Day Money Back and Service Guarantee
|Dedicated Case Manager
|Speed of Service
|(Client reviews indicate the company is responsive and diligent in providing updates)
|All 50 U.S. States
|(855) 212 – 5900
The services Precision Tax Relief offers are similar to those offered by other tax relief companies, including:
- Offer in Compromise
- Currently Not Collectible status
- Wage Garnishment / Levy Services
- Payroll Tax Debt Resolution
Additionally, Precision Tax Relief offers tax preparation (including the filing of past-due returns) and bookkeeping services.
How Does Precision Tax Relief Resolution Work?
Precision Tax Relief lays a three-step plan for resolving your tax debts that is simple:
Step 1: Free Assessment
Precision Tax Relief offers a free assessment of your tax situation when you sign up for their services. A senior tax professional will review your case and provide you with the best options moving forward.
Other tax relief companies will try to take advantage of you during this difficult time. They will use high-pressure sales tactics to try to get you to sign up for their services. However, Precision Tax Relief claims it does not use “high-pressure scare tactics” and explains what will happen at this stage.
The company has a team of tax professionals who will work with you to resolve your tax debts and provide a clear plan for moving forward. They claim that they will reach out to review your situation, present a clear plan for resolving your tax debts, and provide a flat-free quote.
The website of the company claims that its experts don’t shy away from the truth and will tell you exactly what’s possible given your tax situation.
With large tax relief companies, honesty is one of the primary concerns. Their salespeople may overstate the possibilities for tax resolution, leaving customers dissatisfied and out thousands of dollars.
From Precision Tax Relief’s self-description here, it appears that they want to assure potential clients that they are completely honest when they assess a lead’s realistic tax resolution options over the phone.
A tax relief company’s website is not always an accurate reflection of the company’s practices. To get a sense of whether or not Precision Tax Relief’s claims are legitimate, we checked some reviews from the company’s past clients.
A surprising number of client reviews correspond to Precision Tax Relief’s claims on its website. Precision Tax Relief is not only focused on making a sale during consultations but also takes care to evaluate each case on its own merits.
Step 2: Relief
The company promises to provide immediate relief so that you can “enjoy protection from the IRS while we work on your case” if you do sign up for their services.
Although they don’t go into specifics, we can guess that this company’s service involves taking action to halt IRS levies on bank accounts and/or wage garnishment (i.e., putting clients into Currently Not Collectible status).
When you owe the IRS money, it can be a very stressful experience. You may be worried about having your wages garnished or your bank accounts levied. However, Precision Tax Relief offers a solution that can help ease your stress. With their approach, you won’t have to worry about the IRS taking action against you while you’re working to resolve your case.
The company’s focus during the early phases of an engagement gives clients the breathing room they need to work with Precision Tax Relief on resolving their tax debts without the worry of bank levies and wage garnishments.
After Precision Tax Relief has addressed a client’s immediate tax issues, the next step is to resolve their tax debt.
Step 3: Tax Debt Resolution
Once you have been selected to work with a tax resolution team, they will be responsible for representing you against the IRS (and/or state agency). This is an important step to ensure that your taxes are resolved efficiently and effectively.
According to their website, the company has a 94% success rate on its offer in compromise petitions. This can be corroborated by their customer reviews on the BBB and Trustpilot.
Precision Tax Relief was able to significantly reduce the clients’ tax debts with the IRS based on the reviews.
But on the reviews, one of its former clients, claims that the company was unable to reduce her tax debts despite charging her thousands of dollars in fees.
Despite what some may say, the vast majority of reviews on Trustpilot are favorable towards the company. Less than 1% of all reviews on the site are negative. This shows that the company is doing something right and is trusted by many people.
Precision Tax Relief’s high success rate may be due to its apparent willingness to only take on cases that have merit. By weeding out those that lack a strong argument, Precision Tax Relief can focus its resources on winning cases.
Precision Tax Relief is not focused solely on signing clients up for services and collecting fees, but rather on providing an honest evaluation of each case.
This is purely speculation, based on the review of the website and the testimonials of several clients.
Precision Tax Relief’s client service was also praised by several reviewers.
For example, one former client said that they were kept updated on their case progress through regular phone calls and emails from the firm. They never had to wonder how their case was going because they were always in the loop.
The level of client service provided by this firm is not common among other tax relief firms, which are often criticized for leaving their clients in the dark after they have paid their fees.
Precision Tax Relief is a company that provides support to individuals during difficult times in their lives. According to the review, it seems that Precision Tax Relief is in the industry for the right reasons- to help people.
What Are The Requirements?
Precision Tax Relief provides free assessments to help you determine whether or not their services are right for you. To get started, simply request an assessment on the company’s website. Precision Tax Relief can work with you if you have a minimum tax debt of $10,000, which is the industry standard.
To qualify for Precision Tax Relief’s services, there is no other explicit requirement. Although the company may evaluate the merits of your case and decline to take you as a client based on client reviews, this does not mean your case is without merit.
How Much Does Precision Tax Relief Cost?
Even though Precision does not list its fees on its website, other sites show the following information:
For an evaluation of your tax situation and options to resolve your debt, Precision Tax Relief does not charge an initial fee.
Precision Tax Relief’s resolution fees are not that well documented but average around $2,000 according to some third-party sources. In their advertising, the company states that they will charge a flat fee upfront without any hidden fees.
It is important to note that Precision Tax Relief does have a disclaimer that additional charges may apply if the scope of your engagement should extend beyond the services discussed during the consultation phase. It is no different from other tax relief firms in that fees may increase if the case turns out to be more complicated than anticipated.
Despite this, some reviews indicate Precision largely adheres to the upfront fees quoted.
Precision Tax Relief is a company that specializes in helping people reduce their debt. One former client of theirs claimed that they were able to significantly lower her debt while still adhering to their flat-fee arrangement.
How Much Could You Save?
Your specific tax situation will determine how much you can save.
Precision Tax Relief is a company that specializes in reducing IRS tax debts. The company has a lot of satisfied customers who have reported substantial reductions in their tax debts. There are a few negative reviews from former customers claiming that the company failed to help them, but these are outnumbered by the positive reviews.
Precision’s success is due in part to the company’s careful evaluation of each case during the consultation stage. Precision is willing to decline cases that it does not believe have merit.
Precision Tax Relief Pros And Cons
- No Initial Fee: Tax relief firms typically charge hundreds of dollars for an initial evaluation of your case and options for resolving tax debts. However, Precision Tax Relief, they don’t charge their clients hidden fees.
- Client Service During Process: Reviewers commented that Precision Tax Relief provided frequent updates on their cases, was responsive and did due diligence on the merits of the case.
- Flat-Fee Arrangements: According to its website and client reviews, the company quotes a flat fee upfront and appears to honor it.
- Unclear Refund Policy: Precision advertises a 30-day money-back guarantee, but does not provide any details of the guarantees.
- Limited State Tax Debt Help: Only if you have an IRS tax debt can the company help you resolve your state tax debt.
Precision Tax Relief Complaints And Customer Reviews
Trustpilot and BBB reviews for the company are largely positive. A majority of the reviewers praised Precision Tax Relief for its honest evaluation of their case, client service, and ability to reduce their tax debts significantly.
Below are some representative examples of Trustpilot and BBB reviews:
Myra Lazu Jul 16, 2022
Naomi helped my dad every step of the way to come up with an agreement while he continued to work. She kept us informed on a regular basis and showed empathy to his situation. Once he retires, we will certainly engage her again for a permanent solution.
Sherry Jun 6, 2022
My experience with Kelly was great! She walked me through a quickbooks procedure to change my reports. She was knowledgeable and very patient with me.
On its website, Precision Tax Relief advertises a 30-day money-back guarantee.
The company does not provide any further details about the guarantees beyond this. The guarantees were also not discussed in client reviews.
Is Precision Tax Relief Legit?
According to several reviewers, the company provides frequent updates on their cases and is very responsive.
Precision is a company that is known for its ability to help reduce clients’ tax debts with the IRS. The company is very diligent on the front end and willing to decline cases that it does not believe it can win. This commitment to quality has resulted in many satisfied customers.
Who Precision Tax Relief Is Best For
Precision is a tax relief company that is best for clients with complex cases. They provide frequent contact and updates to their clients so they can be confident about their case status.
Who Precision Tax Relief Is Not For
It is not recommended for individuals with relatively simple tax debt issues that can be resolved without the assistance of Precision.
It appears that Precision Tax Relief is a well-intentioned firm that will assist you with your tax debts (or explain why it cannot assist you).
Reviewers praised Precision Tax Relief’s client service, which was evidenced by frequent updates on their case and general responsiveness.
Several other former clients have praised the company’s ability to significantly reduce their IRS tax debts.
Frequently Asked Questions
How Much Is Precision Tax Relief?
Precision’s pricing structure is not publicly available on the company website. However, other third-party sources show that the average resolution fee is $2,000. There is no initial fee charged by the company.
Are Tax Debt Relief Companies Legitimate?
There are many tax relief companies out there that claim to help people with their tax debt problems. However, many of these companies have a reputation for misleading clients about expected outcomes and pricing. Before you retain the services of a tax relief company, you must do your due diligence to ensure that you are getting the best possible service.
How Do You Get A Tax Forgiven?
The IRS may forgive your taxes by filing an offer in compromise. However, whether or not your offer will be accepted depends on your tax circumstances.
How Much Do Tax Resolution Companies Charge?
There is no one-size-fits-all answer when it comes to tax resolution company fees. Each company and case is different, so it’s important to do your research to find out what you can expect to pay. Generally speaking, complex cases such as an offer in compromise will be more expensive than simpler cases like removing a tax lien. As a general guideline, most companies charge between $2,000 and $7,000, although fees may be higher in some circumstances.