Precision Tax Review

Precision Tax Relief Review

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

They may win the award for selling hope and dreams with claims of killer savings. We found this on one of their web pages:

Their Settlement Stats

  • 94% Success Rate (on website and online ads)
  • 2.6¢ paid for each dollar of tax owed
  • 468 IRS Settlements accepted since 2013 (Editor’s Note: what exactly is a “settlement” anyway? There is actually no such terminology within the IRS except for The Joint Large Business and International (LB&I) Division/Appeals Fast Track Settlement Program, which is a different book on a different shelf than anything to do with Precision or any other tax relief company. )

Elsewhere Precision Tax Relief claims they get 80% of Offer in Compromises accepted, which contradicts the above 94%. We’ve never seen or heard of such encouraging stats by any tax relief company yet. It’s tempting to stop paying taxes and just hire them to make it go away (just kidding!).

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. We’d like to see more personnel listed however. They do not list, or do not specify, the consultants you talk to on initial consultation.  This is a crucial role and many firms use unlicensed people in this role. If a company has licensed sales consultants they tend to list them so we have to put a question mark here as to why Precision Tax Relief isn’t offering more information about this position.

An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years.

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 October 2017 they have two complaints with the BBB in the last 3 years (though only one review), which is an excellent track record. 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 would 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 screenshot

Precision Tax Relief BBB complaints screenshot

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 they say in one place  that the have a flat fee, but in another 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.


PROS:
  • Strong staff
  • Excellent customer reviews
  • Good BBB record

CONS:
  • Some Flat Fee verbiage
  • Initial Consultation staff not listed
  • Claimed 94% settlement rate


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.

Our biggest hangup with Precision Tax Relief is the claims for settlements and the appearance, either deliberate or by extension, that they can make taxes  owe go away. The appearance of nearly 100% settlement rates is too close to the edge for our comfort.  This may not be the intent but they sure look a lot like the ill reputed “Offer in Compromise mills” that were put out of business years ago. We think Precision knows this messaging is over-optimistic. That said, we also think Precision Tax does much better work than those firms of ill repute.

We say don’t hire Precision Tax Relief because you think your taxes are going away. 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.

8.2 Total Score
Precision Tax Relief's Scorecard

  • Good Customer Reviews
  • A+ BBB Rating
  • Broad Services Offered

Honesty
8
Transparency
8
Accredited
8
Established
7.5
Ethics
9.5

How to Contact Precision Tax Relief

Call Precision Tax Relief: 855-212-5900
Visit Precision Tax Relief
Visit Precision Tax Relief

Want us to recommend a tax relief firm to you?

Email us a little about your tax situation and we’ll point you in a great direction.

Our email: [email protected]

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14 Comments
  1. Reply
    IamPam December 7, 2016 at 6:29 pm

    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.

  2. Reply
    R.M. December 19, 2016 at 7:30 pm

    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.

  3. Reply
    Diane December 24, 2016 at 4:06 pm

    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.

  4. Reply
    M P December 26, 2016 at 1:08 pm

    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.

  5. Reply
    Rafale R January 8, 2017 at 2:26 pm

    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

  6. Reply
    P Mario March 7, 2017 at 5:49 pm

    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.

  7. Reply
    The Badger June 6, 2017 at 1:18 pm

    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.

  8. Reply
    William Dyson July 9, 2017 at 7:51 am

    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.

  9. Reply
    JL Braun July 19, 2017 at 6:51 am

    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.

  10. Reply
    Sr. Gogo September 12, 2017 at 4:06 pm

    Gotta say they did good for me. Lyle is the man. Precision Tax Relief is legit. Those Idahoians know taxes.

  11. Reply
    Laurie December 27, 2017 at 9:08 am

    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.

  12. Reply
    Big J July 13, 2018 at 9:33 am

    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.

  13. Reply
    Michael F September 18, 2018 at 10:22 am

    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.

  14. Reply
    Anna Bolton December 31, 2018 at 1:36 pm

    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.

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