We don’t like to pay taxes, and we don’t like to think about them! However, sometimes, not only are we asked to pay, but we are also asked to go through endless processes to obtain reliefs or agreements with the IRS. For this reason, a lot of people hire firms that can take care of everything for them.
Precision Tax is one of the best known and with the best reputation. If you owe a lot of money to the IRS, they can help you find the best arrangements for your situation. Even if you end up paying for one additional service, the result is that you save money because you end up paying the lowest amount of money possible.
Hiring a professional firm for your taxes isn’t mandatory, but it can be of great help. In this article, we’d like to review Precision Tax to understand if it’s as great as it seems.
|Guide||Precision Tax Review|
|Features||Bank Tax Return, Payroll tax debt, etc.|
|Community Rating||Very Strong|
- An average fee for Precision Tax’s services of $2,000.
- It offers services like Bank Tax Returns, IRS Offer In Compromise, Penalty Abatement, Payroll Tax Debt, and many more.
- Precision Tax relief is accredited with an A+ by the BBB.
- It has a stellar rating of 5/5 stars on Trustpilot.
How Much Does Precision Tax Cost?
Precision Tax doesn’t share a precise list of prices on its website. Like many other firms, they simply can’t do such things because the cost for the service strictly depends on the service provided, and the service provided is customized for each case’s needs.
You can rest assured, however, that they provide a free consultation. During this consultation, they also provide a quote that you can accept or not. Only if you accept will they start working for you and you’ll be asked to pay a fee.
Based on our and other clients’ experience, however, we can calculate an average fee for Precision Tax’s services of $2,000. This may seem a lot, but the amount of money that they can make you save is a lot higher. In fact, they only work with clients that owe the IRS more than $10,000.
Precision Tax Features & Services
The Precision Tax can provide different kinds of solutions for your tax problems. The services they offer are the different solutions they can provide, and these are the following.
1. Bank Tax Return
If you have unfiled tax returns, then you can ask Precision Tax to take care of them. They’ll file your previous years in the best way at the right time.
2. IRS Offer in Compromise
Precision Tax can help you obtain a settlement with the IRS or taxing authority so that you can get to pay less than the full amount owed.
3. IRS Revenue Officer Assistance
Sometimes an IRS officer can be assigned to your case. Precision TAX can deal with them on your behalf to ensure you always obtain the best possible options.
4. Payroll tax debt
This type of tax assistance may be needed if you run a business.
5. RS Levy
Levies are one of the highest pressure IRS collection tactics. With Precision Tax, you can have it removed.
6. IRS Payment Plan
Precision Tax can prepare a payment for you so that you can pay your taxes without having too many difficulties.
7. Penalty Abatement
When you have penalties on your taxes, you’re asked to pay more than what your taxes would be without them. Penalties can make your debt grow a lot, but with Precision Tax, you can obtain penalty abatement.
8. Current Year Tax Preparation
You don’t want to make mistakes with your tax preparation because you can incur penalties. Having a professional preparing your current year’s tax preparation will help avoid those issues.
9. Bookkeeping Service
Precision Tax also offers bookkeeping services to keep your accounting in order and avoid mistakes with the IRS and avoid penalties.
10. Innocent Spouse
If you owe taxes because of your spouse’s behavior, you can have Precision Tax take care of it so that you can end up being cleared from them.
How Much Can Precision Tax Save Me?
Incorrect management of your taxes can make you pay thousands of dollars more than what you actually should. That’s why Precision Tax can make you save thousands of dollars, especially if your penalties have grown during the years.
With their professional help, you can obtain arrangements that you won’t be able to access otherwise.
Pros and Cons
- They offer free consultation
- The number of services they offer is countless. It corresponds to the number of different solutions they can provide to your tax problems
- You can contact them by email or phone, and there is also a live chat available on their website
- They are not completely transparent on their website with their fees. However, this is mainly because they like to offer a customized quote for each case.
How Precision Tax Services Work?
To have Precision Tax take care of your tax issues, follow these steps:
- Get in touch with them: If you want to hire Precision Tax, all you need to do is contact them. You have different ways of obtaining assistance and a free consultation. You can opt for the live chat, even if the most detailed conversation happens by phone or in person in one of their offices.
- Get a quote: At this stage, they provide a quote, and if you accept it, they’ll start working for you.
- Investigation stage: The first phase is an investigation phase during which they analyze your case, all the documentation you can provide, and everything they can obtain – with your consent – from the IRS.
- The possible solutions: Then, they provide all possible solutions, and they’ll provide assistance as you pick the most suitable for you.
- Fix your issues: They’ll also assist you during the payment phases during which you fix your position with the IRS.
Precision Tax Reputation and Accreditations
Precision Tax has a strong reputation on the web and outside of it. More importantly, it’s accredited with an A+ by the BBB. This means that they are allowed to provide their services by the authority and that they have been judged reliable by them.
NPC Precision Tax Relief Ratings
|Tax Relief help||5/5|
|Ease of use||5/5|
Customer Ratings And Reviews
Precision Tax has an average rating of 5/5 stars out of 1,571 customer reviews on Trustpilot, which is unlike anything we have ever seen. The site is flooded with positive reviews, and a full five-star rating tells a lot about this company.
What Makes Precision Tax Better Than Others
Most firms specialize in one specific sector of tax problems. Some provide accounting services; some others are only focusing on tax relief. Precision Tax, instead, provides every service you can ask for as long as it concerns your tax situation. If you are searching for an all-inclusive service, Precision Tax is the firm for you.
Our Experience With Precision Tax
To test the efficiency of Precision Tax, we asked the firm to handle our bookkeeping for a specific project plan. We hired them just like normal clients: we used their services, and we are ready to share our experience-
The hiring process went smoothly, just like we’ve described above. The quote was fair – even lower than expected – and we moved forward with the process. When you pay something less than expected, you are always expecting a scam because you just can’t believe you got so lucky. On the contrary, we never had a problem with Precision Tax: they filled our taxes, provided us with all the documentation, and once we paid our taxes and successfully closed the project, everything was in order.
|Company||Precision Tax||Larson Tax Relief|
|Features||Bank Tax Return, Payroll tax debt, etc.||Business tax relief, IRS tax relief, etc.|
Fortress Tax Relief
If you don’t need a wide range of services, but you only need some relief from your IRS debt, then Fortress Tax Relief may work best for you: it’s a firm specializing in tax relief solutions. They don’t, however, provide a lot of services that Precision Tax offers, like accounting or Innocent spouse solutions.
Anthem Tax Relief
If you want a firm that has a longer experience, then you can opt for Anthem Tax Relief. The firm was founded 30 years ago and is a long story of happy clients.
Optima Tax Relief
If you prefer dealing with all your processes online, then Optima Tax relief can work for you. They provide an online portal, so if you want, you never need to deal with your consultant in person.
Precision Tax is one of the best tax relief companies and we love it for the various services and features it offers. Not to mention, the star rating and reviews it has online is something we have never seen. We recommend this company to you and we hope you found this Precision tax review useful.
Does the consultation need to happen in person?
It can happen in person if you want, but you are not obliged to. If you can’t or don’t want to make an appointment in one of the available offices, you can simply talk to your consultant on the phone.
Is the consultation a long process?
The consultation is a dialogue that can last up to 15 minutes. The longer process is the investigation phase, during which the firm analyzes all your documents and IRS status. This can last for weeks, but the consultation is just a short dialogue to understand what you need.
Is the consultation confidential?
Can I obtain a tax refund through Precision Tax services?
If you are eligible for a refund, Precision Tax can help you obtain it. This is another of the main benefits you can exploit once you’ve hired a reliable, professional firm like Precision Tax.
Is Precision Tax services legit?
Yes, Precision Tax services is legit.
Shefali Jain is a Content Editor & Writer at National Planning Cycles.
After completing her graduation in hospitality, Shefali decided to follow her passion and started writing. Shefali has been writing for two years now and contributes to our website as a skilled editor and content writer with strong research skills. Writing product and service reviews, biographies, and book reviews are some of her key areas, among many others in which she specializes.
The National Planning Cycles is committed to producing high-quality content that follows industry standards. We do this by using primary sources, such as white papers and government data alongside original reporting from reputable publishers that were appropriate for the accuracy of information while still being unbiased. We have an editorial policy that includes verifiable facts with due credit given where applicable.