Finimpact
Updated on

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. That’s exactly what Precision Tax Relief helps with. This company aims to take the stress out of dealing with your taxes.

Precision Tax Relief
Precision Tax Relief
4.3
Please Vote!
Free tax relief consultation
Free tax relief consultation
Money back guarantee
Money back guarantee
No retainer fee is required
No retainer fee is required
Trustworthiness and stability
Trustworthiness and stability
Susan Guillory
Written by:Susan Guillory
Professional Intuitive Business Coach and Content Creator

Precision Tax Relief aims to provide 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 tax 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 of tax debt and helped more than 700 clients across the country resolve their tax debt through the IRS Offer in Compromise Program.

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.

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.

Summarized Rating

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.

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
Offers a money-back guarantee
Charges 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
Only deal with tax debt of $10k or more

Services Offered By Precision Tax Relief

Precision Tax Relief offers a wide range of services for those who need help with their taxes, from providing annual tax preparation services to speaking to an IRS revenue officer on your behalf to negotiating your tax debt. 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 on a payment plan so that it’s manageable. 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: $10k
  • Average Time for Relief: varies depending on service
  • Average Relief Amount: $39k
Extent of Geographic Presence Precision Tax Relief is located in Coeur d’ Alene, Idaho, but also works with taxpayers across the country
Minimum Debt Required Precision works with taxpayers who owe $10,000 or more
Average Time for Relief This depends on the service. Precision can stop a tax levy in 24 hours
Average Relief Amount The average relief amount Precision helps taxpayers with is $39k

Precision Tax Relief Application Process

Interested in working with Precision? Here’s what to expect if you decide to work with Precision to find tax relief or 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. You’ll also get an obligation-free quote. While it’s not guaranteed that the IRS will accept your Offer in Compromise, the Precision rep can give you an idea of the likelihood.
  • 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 of your tax debt eliminated, or part of it, or you may get a payment plan that extends how long you have to pay it off.

Precision Tax Relief Costs and Fees

While Precision Tax Relief does help taxpayers with tax issues, it also charges fees for its services. Understand how you’ll pay and whether it’s worth the cost before signing up.

  • Fee Structure: Where some tax relief companies charge an initial fee and then other fees, Precision is up front about the fact that they charge one flat rate for services, which vary, depending on your needs.
  • Any other charges? There are no other fees.
  • Moneyback 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 want to make customers happy, thus the guarantee.
Fees Flat rate
Other Charges No
Moneyback Guarantee Policy 30 day

Precision Tax Relief Customer Experience

So what is the experience for the average customer who comes to Precision Tax Services for help with tax debt? The company has a high number of 5-star verified customer reviews online. Here’s what they have to say.

  • Website Extensiveness & Usability: Precision’s website provides detailed information about the different services it offers. You can sign up to receive a FREE DIY Guide to Resolving IRS Tax Problems and schedule a callback from an agent.
  • Expanded Call Center Support: Customers claim their calls were answered quickly and courteously.
  • Multi-channel Support: Customer reviews rave about the great service on the phone, and Precision also is 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: No mobile app

Precision Tax Relief Trustworthiness and Stability

Naturally, 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 experiences does its team have in helping with tax relief?

Years in Business 55 years
Customers Serviced 700 Offers in Compromise in last 5 years
Tax Debt Managed More than $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

Customers on independent user review sites like Trustpilot and BBB are generally positive about their experiences working with Precision Tax Relief. They 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. Customers raved about how much Precision was able to save them on tax debt.

Customers also liked the flat rate fees, and said Precision was up front and honest about the costs.

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 $10k $10k $10k
Fees Flat rate. Unpublished. Unpublished. Unpublished.
Moneyback Guarantee Policy 30-Day Money Back Guarantee and a Service Guarantee. Optima Tax Relief will refund monies paid within the first 15 calendar days without any penalty or obligation. Money back guarantee, though does not include bookkeeping and tax preparation services.
Available in (how many states?) All Based in California. Site doesn’t list areas served. Not available in all states. Based in California. Site doesn’t list areas served.

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

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