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Precision Tax Relief Review

If you owe back taxes or want to settle a large tax bill, it can be overwhelming to deal with the Internal Revenue Service on your own. Precision Tax Relief aims to take the stress out of dealing with your taxes so you don’t have to.

Precision Tax Relief
Precision Tax Relief
4.3
Available nationwide
Available nationwide
Free tax relief consultation
Free tax relief consultation
Minimum tax debt of $10,000
Minimum tax debt of $10,000
Money back guarantee
30-day money-back guarantee
Susan Guillory
Written by:Susan Guillory
Professional Intuitive Business Coach and Content Creator

Reviewed by: Sarah Brooks, Personal Finance Writer and Editor

Fact Checked by: Thomas Brock, Chartered Financial Analyst (CFA) and a Certified Public Accountant (CPA)

Precision Tax Relief provides immediate relief from IRS collections, and also offers a variety of other tax services. Located in Coeur d’ Alene, Idaho, this company has helped thousands of people get out of debt with the IRS. It can help with a variety of issues with the IRS, from owing back taxes to setting up an Offer in Compromise. Precision Tax Relief can also help with tax levies, federal tax liens, and payment plans.

Over the past five years, Precision Tax Relief has settled over $58 million in tax debt and has helped more than 700 clients resolve their tax debt through the IRS Offer in Compromise Program. Ranked as one of the best tax relief companies of 2022, Precision Tax Relief can help you settle and pay your taxes once and for all.

Editor’s Note (Warning)

Before signing up with Precision Tax Relief or any other tax relief service, be aware of the risks. Being overwhelmed with tax debt can make you vulnerable, and there are companies out there who may try to take advantage of you. Some may charge outrageous fees and do little you couldn’t do on your own. Some may be disreputable and go out of business, after they’ve taken your money but before they did anything to resolve your issue.

It’s best to look into other options to settle your tax debt issues before signing up with a tax relief service. The IRS offers payment plans and other services that may be of use in helping you manage your tax bill. If you aren’t able to find a suitable option, a tax relief company may help.

Summarized Rating

Services and Solutions4
Costs and Fees5
Customer Experience3
Trustworthiness and Stability4.5
User Reviews5

This parameter considers service offering breadth, geographic reach, and minimum debt level requirements. Each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall services and solutions score.

Precision gets an above average 4.0 for Services and Solutions. This reflects its diverse service offering, extensive geographic footprint, and standard minimum debt requirement.

What is Precision Tax Relief?

Precision Tax Relief was founded in 1967 and now has over 55 years of experience. They offer customers an initial, free consultation where they’ll give expert advice on what they can do and what to expect. The company has an A+ BBB rating, a 94% success rate with Offers in Compromise, and settles an average of $39,000 in tax debt per person. Whether you’re worried about wage garnishments or need to settle a large amount in tax debt, Precision Tax Relief is there to help.

Precision Tax Relief Pros and Cons

Before signing up for services with Precision Tax Relief, weigh the benefits and drawbacks of working with the company.

Precision Tax Relief Pros
Offer a wide range of tax relief services
Works with taxpayers across the country
Has a 94% success rate
Provides free assessment
Has A+ rating with BBB
Money-back guarantee
Charges a flat fee
Precision Tax Relief Cons
Fees aren’t listed online
May not be able to help with state tax issues
Can’t assist with audits
Must have at least $10,000 in tax debt

Services Offered By Precision Tax Relief 

Precision Tax Relief offers a wide range of services for those who need help with their taxes. Here’s a full list of Precision’s services offered:

  • Back tax returns
  • Offer in Compromise
  • Dealing with IRS revenue officers
  • Payroll tax debt
  • Tax levy
  • Federal tax lien
  • IRS hardship status
  • Tax debt expiration
  • Payment plan
  • Penalty abatement
  • Tax preparation
  • Bookkeeping
  • Innocent and injured spouse claims

Precision Tax Relief Service Features

If you owe back taxes or are struggling to pay what you owe, Precision Tax Relief may be able to help you reduce your tax debt or get you on a manageable payment plan. Here are a few key points of interest regarding Precision.

  • Extent of Geographic Presence: Precision works with clients located all over the United States
  • Minimum Tax Debt: $10,000
  • Average Time for Relief: Varies depending on service
  • Average Relief Amount: $39,000

    Extent of Geographic Presence

    Nationwide

    Minimum Debt Required

    $10,000

    Average Time for Relief

    Depends on service (tax levy, for example, can be as soon as 24 hours)

    Average Relief Amount

    $39,000

Precision Tax Relief Application Process 

Here’s what to expect if you decide to work with Precision Tax Relief to find tax relief or get help working with the IRS.

  • Step 1: Free Assessment. You’ll speak with a tax professional and get a clear plan for how to deal with your tax burden, including an obligation-free quote.
  • Step 2: Immediate Relief. While Precision works on your case, you will have protection from the IRS. You may not have to pay on your tax debt while your case is under review.
  • Step 3: Tax Debt Resolution: Once Precision has helped to resolve your tax debt, you can get back to your life. You may have all or part of your tax debt eliminated, or you may get a payment plan that extends how long you have to pay it off.

Precision Tax Relief Costs and Fees

Precision Tax Relief charges one flat fee for its services. Understand how you’ll pay and whether it’s worth the cost before signing up.

 

  • Fee Structure: Some tax relief companies charge an initial fee along with other fees, but Precision is up front about the fact that they charge one flat rate for services, which vary depending on your needs.
  • Money-back Guarantee Policy: Precision offers a 30-Day money-back guarantee and a service guarantee. While it can’t guarantee a specific outcome, the company does strive to make customers happy, thus the guarantee.

    Fees

    Flat rate

    Other Charges

    No

    Money-back Guarantee Policy

    30 day 

Precision Tax Relief Customer Experience

Precision Tax Reliefs strives to make the entire customer experience stand out among competitors. Between the decades of experience and the wide range of services offered, Precision Tax Relief leads the way in terms of delivering a top-notch experience. Perks of working with Precision include: 

  • Website Extensiveness & Usability: Precision’s website provides detailed information about the different services it offers. 
  • Expanded Call Center Support: Customers claim their calls were answered quickly and courteously.
  • Multi-channel Support: In addition to phone service, Precision is also available via email, chat, text, and social media.
  • Supplemental Support (Information & Tools): Precision’s website is informative, with a robust Frequently Asked Questions section and information about each of its offerings.
  • Mobile Technology: Precision does not offer a mobile app, but you can access the website directly via your mobile device.

Precision Tax Relief Trustworthiness and Stability

A company you’re trusting with your sensitive financial information is one you need to be able to trust. How does Precision Tax Relief stack up? Is it trustworthy? How much experience does its team have in helping with tax relief?

  • Years in Business: Precision has been in the tax business since 1967. Its in-house tax professionals have an average of 20 years of experience working as IRS Enrolled Agents, CPAs, and attorneys.
  • Customers Serviced: Over the past five years, Precision has helped more than 700 clients with an Offer in Compromise.
  • Debt Managed: Precision has settled more than $58 million in tax debt.

Precision Tax Relief is also a member of the American Society of Tax Problem Solvers and the National Association of Enrolled Agents.

Years in Business

55 years

Customers Serviced

700+ Offers in Compromise in last five years

Tax Debt Managed

$58+ million

Certifications and Memberships

American Institute of CPAs

National Association of Enrolled Agents

American Society of Tax Problem Solvers

Precision Tax Relief User Reviews 

Precision Tax Relief has 5.0/5 stars on Trustpilot and 4.96/5 on BBB, which is outstanding compared to other tax relief companies. Customers comment on the prompt connection to customer service when calling, as well as the care and attention they receive. Team members keep customers apprised of the status of their case throughout with great communication. 

Other positive reviews revolved around the amount of tax debt Precision Tax Relief was able to help them save, and their upfront and honest flat rate fee.

The only complaints came from people who were disappointed that Precision couldn’t reduce their tax bill, even after they paid for Precision’s services. The company makes no promises that it can reduce or eliminate tax debt, because ultimately it is up to the IRS to determine whether a taxpayer is eligible to settle tax debt.

Precision Tax Relief Compared to Other Companies

Let’s see how Precision Tax Relief stacks up compared to two other tax relief companies, Optima Tax Relief and Anthem Tax Services.


Precision Tax Relief

Optima Tax Relief 

Anthem Tax Services


Minimum tax debt required

$10,000

$10,000

$10,000

Fees

Flat rate; unpublished

Unpublished

Unpublished

Money-back Guarantee Policy

30-Day Money-back Guarantee and a Service Guarantee

Refund offered within 15 calendar days without any penalty or obligation

Money-back guarantee, though does not include bookkeeping and tax preparation services

Geographic Coverage

Nationwide

Not available in all states

Does not list areas serviced

Final Thoughts

Precision Tax Relief offers a flat rate fee to deal with your tax issues and debts, and customers rave about its service. If you’re struggling to deal with the IRS over back taxes or want to make an Offer in Compromise, having an experienced tax relief company like Precision in your corner could help you save thousands of dollars on your tax debt.

 

Susan Guillory

Written by: Susan Guillory

Professional Intuitive Business Coach and Content Creator

Susan Guillory is an intuitive business coach and content creator. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi.

More about me
Sarah Brooks

Reviewed by: Sarah Brooks

Personal Finance Writer and Editor

Sarah Brooks is a personal finance writer and editor with more than 10 years of experience. She specializes in personal and business loans, mortgages, auto loans, and credit cards.

More about me
Thomas Brock

Fact checked by: Thomas Brock

Chartered Financial Analyst (CFA) and a Certified Public Accountant (CPA)

Thomas is a well-rounded financial professional, with over 20 years of experience in investments, corporate finance, and accounting. He currently oversees the investment operation for a $4 billion super-regional insurance carrier, maintaining a dynamic investment policy designed to preserve capital, enhance...

More about me