Precision Tax Relief Review (Updated September 2020)
Precision Tax Relief is a tax relief company based in Coeur d’Alene, Idaho. Services offered include tax lien, bank levy and wage garnishment help, full and partial tax repayment arrangements, and tax filings.
Advertising
Precision Tax Relief focuses their client acquisition efforts to the Internet.
Honesty
Overall, they do a good job of explaining tax related problems and solutions on their website. In general we dislike when a tax relief company makes the Offer in Compromise front and center, because successful offer with the IRS are a very small percentage relative to the number of people who have tax problems and could benefit from the services of a tax relief company. Here is the actual math, according to the IRS for Tax Year 2019 (latest data):
- 13,185,584 delinquent taxpayer accounts
- 17,890 Offers in Compromise accepted
- 0.13% is the rate of accepted Offers in Compromise relative to those who owe the IRS
Transparency
Precision Tax Relief gets list a good number of licensed staff on their website, as well as key management and ownership. They have attorneys, CPAs and E.A.s on staff.
Enrolled agents, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.
Accredited
Precision Tax Relief has been a BBB accredited company since 2011, with an A+ rating. As of September 2020, they have just one complaints with the BBB in the last 3 years, which is an excellent track record. You cannot make everyone happy. Precision Tax Relief reviews with Trust Pilot, a quality third-party review site, are of high volume and high quality. This is a good sign. We like to see more professional organization relationships. If they have them, they are not effectively telling us so. Precision Tax Relief is clean on Ripoff Report and Pissed Consumer.
Precision Tax Relief BBB complaints and reviews screenshot September 2020.
Established
Precision Tax Relief was established in 2011 according to their Secretary of State filings and their BBB report. It says, however, on their about page that they’ve been building a reputation […] since 1991. This seems difficult to imagine because Scott Gettis, co-founder of Precision Tax Relief, was still in high school in 1991. Perhaps this is a typo on their part.
Ethics
Aside from extravagant claims of settling your taxes for pennies on the dollar, Precision Tax Relief appears to do good work. They have a money back policy and they do not guarantee results, which is good.
One niggle is that in one place they say they have a flat fee but in another spot they say that the fee is dependent upon the facts and known situation, and is subject to change. So how and how much does Precision Tax Relief charge? Let us assure the reader that the facts and the actual tax situation almost always change from what the taxpayer thinks are the facts and what the actual fact – taxes owed – are. The that changes is usually for the worse. Therefore a change in fee is very common and appropriate. We’d like to see the term Flat Fee disappear from all tax relief companies.
- Strong staff
- Excellent customer reviews
- Good BBB record
- Claimed Offer in Compromise acceptance rate hard to verify
Conclusion
Precision Tax Relief has more going for them than against them. They appear to have very happy clients, judging by the number of positive reviews and the lack of negative review. As everyone knows, if you are messing up, people love to tell the world about it. Also, Precision has both an Enrolled Agent and an CPA as company principles, as well as a strong staff. As mentioned before, we’d like to know about the personnel giving the initial consultation. Most people in this role in most firms are unlicensed. If they have licensed people we’d like to see this on the About page, along with the other staff.
We say don’t hire Precision Tax Relief because you think your taxes are going away due to their claimed “double the national average” acceptance rate of Offers in Compromise. Very few people get a break from the IRS and don’t hold too much hope that you will be among the few. But Precision does have a good reputation so just make sure to verify the qualifications of the person with whom you’re talking. If they meet your satisfaction then you are probably in good hands with Precision Tax.
How to Contact Precision Tax Relief
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I totally recommend anyone with tax problems to call Lyle at Precision Tax. He helped guide me out of a bind and a really stressful situation. It’s crazy how owing taxes is so much more stressful than any other debt. Great communication and follow through.
When I contacted Precision Tax Relief by email I got a response within a couple of hours from Gene, a Senior Tax Consultant, leaving me his contact number. During our consultation he offered to represent me, but suggested I could resolve this myself thus saving their fee. He gave me expert advice on moving forward assuring me to feel free to contact him should I need further assistance. I was amazed how he truly listened putting my needs first knowing my financial dilemma. What a breath of fresh air! No sales pitch and no condescending attitude. Gene put me at ease immediately. I would give more than five stars if I could! Thank you again Gene and Precision Tax Relief.
The team at Precision (esp Becky) got our tax filings back on track and that is what Iwe needed. I was really worried about the taxes for a long time because I knew we owed but didn’t know how much. Now I know and am paying back the taxes, and don’t have to worry about the IRS coming after our bank accounts or whatever anymore. We didn’t save huge like some do but I didn’t really expect to since we didn’t pay the taxes on time. I’d recommend them.
The folks at precision took a load of stress off our family. Our business fell behind on taxes and things looked uncertain for a while there because we were getting calls about a tax lien and so many people saying they could help us. But they got us caught up with our filings and we are in a very affordable repayment with the IRS. Thanks PTR.
For years i was haunted by the taught of the IRS coming after me , it all started with one missed filing and it grew from and each December i had the same feeling in my stomach, depression and a whole lot of fear. Until i came across Precision Tax Relief and with the help of their great staff some of who are, Gene Haag, Lorraine Johnson and Garrett Snyder, I was able to put my financial life back together i was able to lower my Tax liability from around $325,000 to a little over $6,000 , can’t tell you what that meant in my in my life ,one of the best feelings ever. I know there are a lot of companies out there trying to do the same thing but Precision Tax Relief i know for sure is the best , good, honest God loving people , i can’t thank them enough
For me they helped me a lot. I owed the IRS my files and didn’t pay so was scared to even file again because the would see I was behind. precision told me it would be okay and they were right. They got me on a plan to pay what I owed now I can file my taxes again and not worry, and I’ll get all paid up with them pretty soon. Thank you.
They did a good job for me. I’m in a repayment with the state and the irs and it’s affordable. I’ll have it paid off in less than 5 years. I wish I got help sooner because avoiding it cost me more in the end.
Thanks to the team at Precision Tax Relief I saw my tax nightmare of over 30000 reduced by 95% and allowed to reboot my life. The team at Precision Tax Relief guided me along the way step by detailed step. Thank you PRECISION TAX RELIEF.
I contacted Precision Tax to help with several years of back taxes I hadn’t filed. We were pleased to work directly with Lorraine and Mark, who helped with both the state and federal taxes. We wouldn’t dream of dealing directly with the tax collection agencies without this awesome team at Precision Tax.
Gotta say they did good for me. Lyle is the man. Precision Tax Relief is legit. Those Idahoians know taxes.
Highly recommend! Extremely professional. They worked with me towards a successful resolution with the IRS. I will continue to use them for my tax needs.
I had a great experience with Precision Tax. I had neglected filing taxes for a while and the IRS was none to happy about that but Precision got me back on track. It took my stress level high to low. Thanks.
I am writing to highly recommend Precision Tax Relief, what a phenomenal experience. case worker Shawntelle Taylor was extremely professional from start to finish…..EVERYONE there was very honest and compassionate to my issues…..everyone was very thorough and very easy to work with…..ALWAYS taking the time to discuss my concerns. I am very grateful to Precision Tax Relief as they resolved my case.
I’m not a client but I work with their team on several projects. Everyone at this firm is professional, ethical, communicative. I’d recommend them to anyone I know in the US with tax issues.