[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/tax-relief\/precision-tax-relief-review\/#Article","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/tax-relief\/precision-tax-relief-review\/","headline":"Precision Tax Relief Review 2025: A Tax Attorney’s Take","name":"Precision Tax Relief Review 2025: A Tax Attorney’s Take","description":"Precision Tax Relief Basics: Founded in 1967, Precision Tax Relief primarily helps individuals with...","datePublished":"2022-03-09","dateModified":"2025-11-03","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/steven-ching\/#Person","name":"Steven Ching, J.D.","url":"https:\/\/moneydoneright.com\/author\/steven-ching\/","identifier":81,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/adb5856b134d7b3d3e978e0ee15ab95309edb48f088d4277990b98c3c5b142fb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/adb5856b134d7b3d3e978e0ee15ab95309edb48f088d4277990b98c3c5b142fb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/precision-tax-relief-review-1.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/precision-tax-relief-review-1.jpg","height":460,"width":1900},"url":"https:\/\/moneydoneright.com\/taxes\/tax-relief\/precision-tax-relief-review\/","video":[{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=62TcXIEtKnQ#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=62TcXIEtKnQ","name":"Tax Relief Explained: What To Do If You Can't Pay Your Taxes","description":"\u27a1\ufe0f Request your FREE tax relief consultation at https:\/\/choicetaxrelief.com\/free-tax-relief-consultation\/\n\nTax relief is a general term used to describe various programs that taxpayers and their representatives \u2014 such as enrolled agents, CPAs, and tax attorneys \u2014 utilize to minimize or even eliminate the taxes, penalties, and interest a taxpayer owes to the IRS and other tax agencies.\n\nThese tax relief programs range from a simple phone call to the government for first-time penalty abatement to a full-fledged offer in compromise.\n\nIn this video, Logan Allec CPA answers the question, \"What Is Tax Relief?\" and goes over the three major IRS tax relief programs we use everyday for our clients.\n\nVideos Mentioned In This Video:\n\u27a1\ufe0f Offer In Compromise Basics: https:\/\/youtu.be\/tR3uaqJE86o\n\u27a1\ufe0f Offer In Compromise Formula: https:\/\/youtu.be\/1jDj6yHnjMI\n\u27a1\ufe0f Filing Back Taxes: https:\/\/youtu.be\/l4nj4ceBz_o\n\nTable of Contents:\n0:00 What Is Tax Relief?\n2:12 Tax Relief Program Commonalities\n3:10 The Three Major Tax Relief Strategies\n7:03 An Offer in Compromise May Not Be the Best Option\n8:10 Shady Tax Relief Companies\n9:00 Tax Relief Program #1: Offer in Compromise (OIC)\n11:12 State Offer in Compromise Programs\n14:05 Tax Relief Program #2: Currently Not Collectible (CNC) Status\n20:36 Tax Relief Program #3: Partial-Pay Installment Agreement (PPIA)","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/62TcXIEtKnQ\/default.jpg","https:\/\/i.ytimg.com\/vi\/62TcXIEtKnQ\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/62TcXIEtKnQ\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/62TcXIEtKnQ\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/62TcXIEtKnQ\/maxresdefault.jpg"],"uploadDate":"2022-04-21T16:50:38+00:00","duration":"PT27M26S","embedUrl":"https:\/\/www.youtube.com\/embed\/62TcXIEtKnQ","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA#Organization","url":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA","name":"Logan Allec","description":"Logan Allec is a CPA and the founder of Choice Tax Relief, which specializes in helping people with their IRS and state tax debt.","logo":{"url":"https:\/\/yt3.ggpht.com\/43_VKqrbO06RGMcxfdQbDXosrkVRq1yf5QgSQEiR4ILUGWV9fJtTh0o2ftYMYqVo6PwnEOPRdg=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=62TcXIEtKnQ#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=62TcXIEtKnQ#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=62TcXIEtKnQ&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=62TcXIEtKnQ#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":21270}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=62TcXIEtKnQ#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":478}]},{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=l4nj4ceBz_o#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=l4nj4ceBz_o","name":"How to File BACK TAXES, Avoid PENALTIES, and Get Your Life Back!","description":"\u27a1\ufe0f Request your FREE unfiled tax returns consultation at https:\/\/choicetaxrelief.com\/free-tax-consultation\/\n\nToday I am talking about filing previous years' taxes, also known as back taxes.  I tell you how to file your back taxes step-by-step, how many years back you can (and possibly should) file your back taxes, and more!\n\nThere are many consequences to not filing your tax return, and it's generally in your best interest to file your back taxes as soon as possible.  You should also be aware of the interest and penalties that accrue on back taxes because they can be significant, especially the penalties.  Thankfully, in this video, I cover how the penalties are calculated and how you can possibly get rid of them.  And even if you don't owe taxes, you still want to file to secure your previous year's tax refund.  If you're wondering how many years back you can get a tax refund, I cover that too.\n\n\u27a1\ufe0f Email backtaxes@loganallec.com to get help with filing your back tax returns!\n\n\u2b07\ufe0f More Tax Relief Videos:\n- My Offer in Compromise Basics Video: https:\/\/youtu.be\/tR3uaqJE86o\n- My Offer in Compromise Formula Video: https:\/\/youtu.be\/1jDj6yHnjMI\n\n\u2b07\ufe0f Other Resources:\n- IRS Audit Technique Guides: https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/audit-techniques-guides-atgs\n- IRS Failure-to-File Penalty: https:\/\/www.irs.gov\/payments\/failure-to-file-penalty\n- IRS Policy Statement 5-133: https:\/\/www.irs.gov\/irm\/part1\/irm_01-002-001#idm139624982687680\n- IRS Transcripts: https:\/\/www.irs.gov\/individuals\/get-transcript\n- Bauer v. Commissioner: https:\/\/www.leagle.com\/decision\/intco20120604b95\n- Bizminer: https:\/\/www.bizminer.com\/\n- Bizstats: http:\/\/bizstats.com\/\n\nTable of Contents:\n0:00 How to File Your Back Taxes\n0:56 Why People Get Behind on Their Taxes\n2:08 The Snowball Effect on Back Taxes\n2:28 IRS Notices CP59, CP515, CP516, and CP518\n3:08 You Need to Deal With This\n4:10 Consequences of Not Filing Your Tax Returns\n4:29 IRS Failure-to-File Penalty\n5:13 IRS Failure-to-Pay Penalty\n6:10 Interest Accrual on Back Taxes\n6:49 Loss of Refund (How Many Years Back Can I Get a Tax Refund?)\n8:20 Inability to Get a Loan\n8:36 Inability to Get Student Aid\n8:43 Loss or Delay of Stimulus and Other Forms of Government Aid\n8:57 Loss of Immigration Status\n9:10 Loss of Future Social Security Benefits\n9:25 IRS Substitute for Return (BAD NEWS)\n12:04 Reasons Why You Don't Want the IRS to Prepare Your Return For You\n14:07 How Do You Actually File Back Taxes?\n14:29 How Many Years of Back Taxes Do You Have to File?\n15:13 Step 1: Figure Out What Returns You Need to File\n15:26 Step 2: Determine the Order in Which You Should Prepare Your Returns\n17:59 Step 3: Gather Tax Forms and IRS Transcripts\n19:25 Step 4: Reconstruct Your Information\n24:10 Step 5: Prepare and File Your Returns\n26:45 Penalty Abatement\n27:25 First-Time Penalty Relief\n28:02 Penalty Relief for Reasonable Cause\n\n#tax #taxes #backtaxes","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/l4nj4ceBz_o\/default.jpg","https:\/\/i.ytimg.com\/vi\/l4nj4ceBz_o\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/l4nj4ceBz_o\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/l4nj4ceBz_o\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/l4nj4ceBz_o\/maxresdefault.jpg"],"uploadDate":"2021-08-11T20:30:02+00:00","duration":"PT29M49S","embedUrl":"https:\/\/www.youtube.com\/embed\/l4nj4ceBz_o","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA#Organization","url":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA","name":"Logan Allec","description":"Logan Allec is a CPA and the founder of Choice Tax Relief, which specializes in helping people with their IRS and state tax debt.","logo":{"url":"https:\/\/yt3.ggpht.com\/43_VKqrbO06RGMcxfdQbDXosrkVRq1yf5QgSQEiR4ILUGWV9fJtTh0o2ftYMYqVo6PwnEOPRdg=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=l4nj4ceBz_o#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=l4nj4ceBz_o#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=l4nj4ceBz_o&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=l4nj4ceBz_o#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":92599}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=l4nj4ceBz_o#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":2584}]},{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=zLE3sEOUC_0#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=zLE3sEOUC_0","name":"What Is the IRS FRESH START PROGRAM?  It's Not What You Think It Is!","description":"\u27a1\ufe0f Request your FREE tax relief consultation at https:\/\/choicetaxrelief.com\/free-tax-relief-consultation\/\n\nToday I am talking about the IRS Fresh Start Program.  While yes, there is a legitimate Fresh Start Program by the IRS, it might not be what you think it is.  The IRS Fresh Start Initiative was actually just some changes the IRS made about 10 years ago to its policies and procedures regarding collections and tax resolution.  So while you might be wondering, \"Do I qualify for the IRS Fresh Start Program?\", that question actually doesn't make much sense, and I'll tell you why in this video.\n\n\u27a1\ufe0f IRS Tax Relief: Do you owe the IRS more than $10,000 in back taxes?  Call 866-8000-TAX (866-8000-829) or visit https:\/\/choicetaxrelief.com\/\n\n\u27a1\ufe0f My Tax Relief Video Playlist: https:\/\/youtube.com\/playlist?list=PLHmwDU0qD1fj_JQAqO7aczwsrtLfWOSfQ\n\n\u27a1\ufe0f My Tax Relief Company: https:\/\/choicetaxrelief.com\/\n\n\u2b07\ufe0f Other Tax Relief Videos Mentioned in This Video:\n- Offer in Compromise Basics: https:\/\/youtu.be\/tR3uaqJE86o\n- Offer in Compromise Formula: https:\/\/youtu.be\/1jDj6yHnjMI\n- IRS Installment Agreements Basics: https:\/\/youtu.be\/u64o8fZSPIA\n\nTable of Contents:\n0:00 What Is the IRS Fresh Start Program?\n3:42 IRS Fresh Start Program Change #1\n5:30 IRS Fresh Start Program Change #2\n7:50 IRS Fresh Start Program Change #3\n8:33 IRS Fresh Start Program Change #4\n8:56 IRS Fresh Start Program Change #5 \n10:40 IRS Fresh Start Program Change #6\n13:47 IRS Fresh Start Program Change #7\n14:48 IRS Fresh Start Program Change #8\n16:52 Guaranteed Installment Agreements\n17:25 Using Form 9465 to Request an Installment Agreement\n18:07 Form 433-F \/ Collection Information Statements\n18:45 Partial-Payment Installment Agreements\n\n#taxrelief #freshstart #irs","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/zLE3sEOUC_0\/default.jpg","https:\/\/i.ytimg.com\/vi\/zLE3sEOUC_0\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/zLE3sEOUC_0\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/zLE3sEOUC_0\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/zLE3sEOUC_0\/maxresdefault.jpg"],"uploadDate":"2022-06-09T16:05:49+00:00","duration":"PT17M26S","embedUrl":"https:\/\/www.youtube.com\/embed\/zLE3sEOUC_0","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA#Organization","url":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA","name":"Logan Allec","description":"Logan Allec is a CPA and the founder of Choice Tax Relief, which specializes in helping people with their IRS and state tax debt.","logo":{"url":"https:\/\/yt3.ggpht.com\/MzD88e1TBVyUlcCXjw9RrUsbETd7rzrn-ywPhnx1qZmTu_zCPflJ57U-rnVwMBOCFZBE9mgL4g=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject"}},"potentialAction":{"@type":"SeekToAction","target":"https:\/\/www.youtube.com\/watch?v=zLE3sEOUC_0&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","interactionType":{"@type":"WatchAction"},"userInteractionCount":7292}],{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":196}]},{"@context":"http:\/\/schema.org\/","@type":"VideoObject","@id":"https:\/\/www.youtube.com\/watch?v=1jDj6yHnjMI#VideoObject","contentUrl":"https:\/\/www.youtube.com\/watch?v=1jDj6yHnjMI","name":"Offer in Compromise Guidelines + Formula: EXACTLY How Much to Offer to the IRS!","description":"\u27a1\ufe0f Request your FREE tax relief consultation at https:\/\/choicetaxrelief.com\/free-tax-relief-consultation\/\n\nIn this video I'm giving you the exact offer in compromise formula you need to submit your doubt as to collectibility offer in compromise to the IRS.  I start with explaining what the IRS is looking for (i.e. your reasonable collection potential), then discuss how to value your assets for offer in compromise purposes, then discuss how to determine your monthly income and expenses for offer in compromise purposes per the IRS Collection Financial Standards, and finally put it all together to help you determine your offer in compromise amount.  This offer in compromise training is over an hour long, so be sure to take notes!\n\n\u2b07\ufe0f More Tax Relief Videos:\nMy Previous Offer in Compromise Video: https:\/\/youtu.be\/tR3uaqJE86o\nHow to File Back Taxes and Avoid Penalties: https:\/\/youtu.be\/l4nj4ceBz_o\n\n\u2b07\ufe0f IRS Resources:\n- IRS Form 656: https:\/\/www.irs.gov\/pub\/irs-pdf\/f656.pdf\n- IRS Form 433-A (OIC): https:\/\/www.irs.gov\/pub\/irs-pdf\/f433aoi.pdf\n- Internal Revenue Manual 5.8.5 Financial Analysis: https:\/\/www.irs.gov\/irm\/part5\/irm_05-008-005r\n- Collection Financial Standards: https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/collection-financial-standards\n- National Standards for Food, Clothing, and Other Items: https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/national-standards-food-clothing-and-other-items\n- Local Standards for Housing and Utilities: https:\/\/www.irs.gov\/pub\/irs-utl\/all_states_housing_standards.pdf\n- Local Standards for Transportation: https:\/\/www.irs.gov\/pub\/irs-utl\/all_states_housing_standards.pdf\n\n\u27a1\ufe0f My M1 Finance Review: https:\/\/youtu.be\/XNMhp9xeNq8\n\nTable of Contents:\n0:00 How Much to Offer in Compromise to the IRS\n1:26 Reasonable Collection Potential\n4:08 Equity Component and Income Component\n6:05 Calculating Cash Value\n7:30 Calculating Investments at 80% Quick-Sale Value\n8:40 IRA Example (After Taxes and Penalties)\n12:45 A Note About Quick-Sale Value\n13:58 Valuing Life Insurance Policies\n15:22 Valuing Real Estate\n20:05 Doubt As to Liability With Special Circumstances\n21:26 Effective Tax Administration\n22:15 Calculating Vehicle Value\n23:40 Calculating Miscellaneous Valuable Items Value\n24:33 Calculating Furniture and Other Personal Items Value\n25:43 Adding Your Assets Up\n25:58 Hiding Assets From the IRS (Don't Do It)\n28:34 Self-Employed and Business Information\n29:28 Calculating the Income Component\n31:35 Calculating Gross Monthly Income\n33:05 Calculating Monthly Household Expenses\n33:14 National Standard Expenses\n35:11 National Out-of-Pocket Health Care Expenses\n37:05 Local Expenses\n37:43 Local Standard Expenses for Housing and Utilities\n40:08 Local Standard Expenses for Transportation\n48:03 Health Insurance Premiums\n48:21 Putting Zero vs. Leaving Blank\n48:48 Court-Ordered Payments (Alimony, Child Support, etc.)\n49:52 Term Life Insurance Premiums\n50:10 Current Monthly Taxes\n50:44 Secured Debts\n53:07 401(k) Loans\n53:39 Other Expenses (Student Loans, Mandatory Retirement, Tuition, etc.)\n56:24 Delinquent State and\/or Local Tax Payments\n57:50 Final Reasonable Excess Monthly Income Calculation\n58:18 Determining Your Future Income Multiplier (12 or 24)\n1:00:01 Calculating Your Final Offer in Compromise Amount\n\n#offerincompromise #taxrelief #taxhelp","thumbnailUrl":["https:\/\/i.ytimg.com\/vi\/1jDj6yHnjMI\/default.jpg","https:\/\/i.ytimg.com\/vi\/1jDj6yHnjMI\/mqdefault.jpg","https:\/\/i.ytimg.com\/vi\/1jDj6yHnjMI\/hqdefault.jpg","https:\/\/i.ytimg.com\/vi\/1jDj6yHnjMI\/sddefault.jpg","https:\/\/i.ytimg.com\/vi\/1jDj6yHnjMI\/maxresdefault.jpg"],"uploadDate":"2021-06-24T18:23:11+00:00","duration":"PT1H2M35S","embedUrl":"https:\/\/www.youtube.com\/embed\/1jDj6yHnjMI","publisher":{"@type":"Organization","@id":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA#Organization","url":"https:\/\/www.youtube.com\/channel\/UCQ9WUXlSuLlbi5BLkgtEUEA","name":"Logan Allec","description":"Logan Allec is a CPA and the founder of Choice Tax Relief, which specializes in helping people with their IRS and state tax debt.","logo":{"url":"https:\/\/yt3.ggpht.com\/43_VKqrbO06RGMcxfdQbDXosrkVRq1yf5QgSQEiR4ILUGWV9fJtTh0o2ftYMYqVo6PwnEOPRdg=s800-c-k-c0x00ffffff-no-rj","width":800,"height":800,"@type":"ImageObject","@id":"https:\/\/www.youtube.com\/watch?v=1jDj6yHnjMI#VideoObject_publisher_logo_ImageObject"}},"potentialAction":{"@type":"SeekToAction","@id":"https:\/\/www.youtube.com\/watch?v=1jDj6yHnjMI#VideoObject_potentialAction","target":"https:\/\/www.youtube.com\/watch?v=1jDj6yHnjMI&t={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"},"interactionStatistic":[[{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=1jDj6yHnjMI#VideoObject_interactionStatistic_WatchAction","interactionType":{"@type":"WatchAction"},"userInteractionCount":23849}],{"@type":"InteractionCounter","@id":"https:\/\/www.youtube.com\/watch?v=1jDj6yHnjMI#VideoObject_interactionStatistic_LikeAction","interactionType":{"@type":"LikeAction"},"userInteractionCount":811}]}],"about":["Tax Relief"],"wordCount":2507,"keywords":["schema"],"articleBody":"\t    \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPrecision Tax Relief\t\t\t\tBasics: Founded in 1967, Precision Tax Relief primarily helps individuals with their tax debts with the IRS.Pros: Unlike many tax relief companies, Precision does not charge an initial fee and operates under a flat-fee arrangement. In addition, Precision has been praised for its client service.Cons: The company does not have a clear refund policy, and its representation with state tax debt is limited.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHonesty\t\t\t\t\t\t\t\t\t\t8\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tResponsiveness\t\t\t\t\t\t\t\t\t\t9\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPrice\t\t\t\t\t\t\t\t\t\t7\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAccessibility\t\t\t\t\t\t\t\t\t\t10\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tGuarantee\t\t\t\t\t\t\t\t\t\t6\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tTransparency\t\t\t\t\t\t\t\t\t\t8\/10\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tMINIMUM DEBT:$10,000LOCATION AVAILABILITY:All 50 U.S. StatesINITIAL FEE:NoneYEAR fOUNDED:1967\t\t\t\tPrecision Tax Relief primarily helps individuals resolve their tax debts with the IRS.The company has boasted of settling over $58 million in tax debt and having a 94% success rate with offer in compromise petitions with the IRS.When I hear claims like this, I tend to be skeptical, given the industry\u2019s bad reputation of overpromising clients and delivering results that are well short of their promises.So I decided to put my tax attorney hat on and do a deep dive into Precision\u2019s services and client reviews.Below are my thoughts and research on the company.Our Pick For Best Tax Relief Company\t\t\t\t\t\t\t\t\t\t\t\t\t\t.st5-50967.btn.btn-default:hover{border-color: #4db848;color: #4db848;background: #fff !important;}\t\t\t\t\t\tLearn More\t\t\t\t\t\t\tBBB Accredited: A+ Rating With 5\/5 RatingGuarantee: 30-Day Moneyback GuaranteeReasonable Fees: Lower than Industry AveragesTax Attorneys and CPAs: Decades of Combined Experience\tStep 2: Immediate ReliefIf you do sign up for Precision\u2019s services, the company promises to provide immediate relief so that you can \u201cenjoy protection from the IRS while we work on your case.\u201dThe company does not detail what this means, but I suspect it involves taking action to suspend IRS bank levies and\/or wage garnishment (i.e., placing clients in Currently Not Collectible status).If this is true, Precision\u2019s approach is a good one; it\u2019s certainly discouraging to receive IRS notices threatening to levy your bank accounts or garnishing your wages while you\u2019re waiting to resolve your case with the IRS.Precision\u2019s focus in the early days of the engagement gives clients the necessary breathing room, so that they can work with the company to resolve their tax debts without the stress of bank levies and wage garnishments hanging over their head.Once Precision has addressed a client\u2019s immediate tax issues, the next step is the Tax Debt Resolution phase.Step 3: Tax Debt ResolutionIn this phase, a tax resolution team will be assigned to represent you against the IRS (and\/or state agency).The company specifically advertises a 94% success rate on its offer in compromise petitions \u2014 a claim backed by several favorable reviews on trustworthy sites such as Trustpilot and BBB.Based on the reviews, Precision was able to substantially reduce these clients\u2019 tax debts with the IRS.In one review, however, one former client complained that Precision was not able to reduce her tax debts at all despite paying the company thousands in fees.That said, on the Trustpilot site, the negative reviews represented less than 1% of all reviews on the site and were eclipsed by the remaining 99% of reviews that were favorable towards the company.I suspect Precision\u2019s success rate is partially due to the company\u2019s apparent willingness to decline cases based on merit (or lack thereof).This approach suggests Precision is not entirely focused on getting clients to sign up for services (and pay the company\u2019s fees) but strives to perform an honest evaluation of their case.Of course, I have never used Precision\u2019s services, so this is mere speculation, based on my review of the website and numerous client reviews.Several reviewers also commented on Precision\u2019s client service.For example, in one review, one former client claimed that \u201c[y]ou don\u2019t have to call them back asking how your case is going because they continually send you emails and phone calls keeping you updated or requesting information needed from you.\u201dThis level of client service is not a common experience at other tax relief firms, which are often criticized for leaving their clients in the dark once they pay the fee.This review, if true, signals that Precision is in the industry for the right reasons \u2014 that is, to help individuals who are going through a stressful time in their lives.Precision Tax Relief Resolution RequirementsIf you are interested in retaining Precision, you must first request a free assessment on the company\u2019s website.The minimum tax debt for Precision to work with you is $10,000, which is standard among tax relief firms.There is no other explicit requirement to qualify for Precision\u2019s services.That said, based on several client reviews, the company may decline to take you as a client based on its evaluation of the merits of your case.Table of ContentsTogglePrecision Tax Relief CostPrecision Tax Relief Pros and ConsIs Precision Tax Relief Legit?Alternatives to Precision Tax ReliefIs Precision Tax Relief Worth It?Final ThoughtsFrequently Asked QuestionsPrecision Tax Relief CostPrecision does not list its fees on the company website, but other sites show the following:.simple_table-49434 table tr th{\ttext-align: center;\t\t}.simple_table-49434 table tr td{\ttext-align: center;\t\t}Initial FeeNoneResolution FeeAverage is $2000, although fees can vary depending on tax situationInitial FeeUnlike other tax relief firms, Precision does not charge an initial fee to evaluate your tax situation and options to resolve your debt.Resolution FeeThere is limited information on Precision\u2019s resolution fees, although a few third-party sites show an average resolution fee of $2,000.The company advertises that it will charge an upfront flat fee without any other hidden charges or add-ons.Of course, Precision does have a disclaimer that additional charges may apply if the scope of your engagement should expand from the services discussed during the consultation phase.This is no different than other tax relief firms \u2014 fees can and should increase if the case turns out to be more complex than originally thought.Nonetheless, some reviews indicate that Precision largely sticks with the upfront quoted fees during the assessment stage.For instance, one former client claimed that Precision was able to substantially reduce her debt while honoring its flat-free arrangement:Of course, I have no insight into Precision\u2019s billing practices, so this is based solely on client reviews.But if these reviews are true, Precision\u2019s flat-fee arrangement gives clients already struggling with their finances some level of comfort that they won\u2019t be overcharged.How Much Could You Save with Precision Tax Relief Resolution?The amount of money you can save depends on your specific tax situation.Based on several customer reviews, Precision was able to substantially reduce IRS tax debts on behalf of their clients. Some former clients claimed that the company failed to do anything for their case, but these reviews are few and far between when compared to the larger pool of favorable reviews.As mentioned above, Precision\u2019s relative success may be due to the company\u2019s evaluation of a case\u2019s merits during the consultation stage and its willingness to decline cases.Precision Tax Relief Pros and ConsPros No Initial Fee: Precision does not charge you an initial fee for evaluating your case and options for resolving your tax debts. Other tax relief firms typically charge hundreds of dollars for this service.Client Service During Process: Several reviewers commented that Precision frequently provided updates on their cases, were responsive, and provided due diligence on the merits of your case on the front end of the process.Flat-Fee Arrangements: Based on its website and client reviews, the company quotes a flat-fee upfront and, based on client reviews, appears to honor these quoted fees.ConsUnclear Refund Policy: Precision advertises a 30-day money back and service guarantee, but does not provide any detail on the guarantees.Limited State Tax Debt Help: The company will only help resolve your state tax liability if you have an IRS tax debt as well.Is Precision Tax Relief Legit?The reviews of the company on Trustpilot and BBB are largely positive.Most of these reviewers commented on Precision\u2019s honest evaluation of their case, client service, and ability to meaningfully reduce their tax debts.Precision Tax Relief Complaints and Customer ReviewsThe following table lists some representative examples of reviews on Trustpilot and BBB:.simple_table-49437 table tr th{\ttext-align: center;\t\t}.simple_table-49437 table tr td{\ttext-align: center;\t\t}ReviewerIssueMy Take (Assuming Reviewer\u2019s Claims Are True)J.S. DunnMarch 1, 2022TrustpilotJ.S. engaged Precision to help with her IRS debt, which had climbed to several thousands of dollars.She commented that \u201cHannah,\u201d the tax specialist on her case, was knowledgeable about the IRS resolution procedures and managed her expectations throughout the process with kindness and professionalism.More importantly, she claimed that Hannah \u201cempathiz[ed] with my personal situation\u201d and \u201cmade me feel like I wasn\u2019t alone and that my situation was manageable.\u201dUltimately, the client was pleased that Hannah helped her cut her IRS debt in half.J.S.'s review, if true, shows that the company is genuinely invested in resolving their clients\u2019 debts. We often forget that having an IRS debt is not only a stressful financial situation, but can also take an emotional toll as well. That is why having a representative like Hannah is so important \u2013 their ability to empathize can give clients the extra push to resolve their tax debts. Equally important is managing expectations throughout the process, like Hannah has done here. Setting expectations on the ability to reduce your debt gives the client a realistic picture on what can be achieved.Antonio Cafiero02\/17\/2022TrustpilotAntonio reached out to Precision about his tax situation, but was ultimately declined by the company.He claimed that the company evaluated his case in a detailed and professional manner. According to Antonio, upon review, the company representatives determined that they could not help him in any meaningful way.During the whole process, Antonio claimed that the company never asked for money, provided basic advice, and helped him to move on.Assuming Antonio\u2019s review is true,  Precision\u2019s honest evaluation of your case is a refreshing change from the aggressive sales pitches other tax relief companies make during the consultation phase.In many cases, there is nothing the tax relief company can do. Precision\u2019s due diligence on the front end of the process ensures clients are not misled on what type of outcome to expect in the later stages.James B.02\/22\/2022James reached out to Precision to help with his $83,000 tax debt resulting from several years of unfiled tax returns.According to James, Precision immediately stopped the bank levy to give the company the space to tackle his tax debts. James claimed that representatives from the company always informed him if there was a change to his case and kept in touch when there were delays at the IRS.Ultimately, the company was able to completely wipe our James\u2019 $83,000 tax debt with the IRS.James\u2019 account, if true, highlights the company\u2019s relative success at reducing its clients\u2019 tax debts. As discussed above, this success may stem from the company\u2019s due diligence on the front end \u2013 which gives them a general idea of how cases will ultimately be resolved.Additionally, Precision\u2019s action to stop the bank levy is an equally strategic move and consistent with the three step process the company advertises on its website. This gives the company breathing and some peace of mind to the client while it goes about resolving the tax debts with the IRS. Guarantee DisclaimerPrecision advertises a 30 day money-back and service guarantee on its website.However, beyond this, the company does not offer any additional detail on the guarantees.In addition, I found no client reviews discussing the guarantees.Alternatives to Precision Tax ReliefBelow is a comparison of Precision Tax Relief and other established tax relief companies:.btn.btn-blue.dift:hover, .btn.btn-default.dift:hover {color: #5378eb;border-color: #5378eb;background: #fff !important;}\t\t\t Precision Tax Relief Choice Tax Relief(My Company)Optima Tax ReliefJackson Hewitt Tax Resolution Services \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tPros and Cons\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRead Review\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRead Review\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRead Review\t\t\t\t\t\t\t\t\t\tApply Now\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFree Consultation\t\t\t\t\t\t\tYes\t\t\t\t\t\t\t\t\t\t\t\t\tYes\t\t\t\t\t\t\t\t\t\t\t\t\tYes\t\t\t\t\t\t\t\t\t\t\t\t\tYes\t\t\t\t\t\tServices\t\t\t\t\t\t\tTax ResolutionTax PreparationBookkeeping\t\t\t\t\t\t\t\t\t\t\t\t\tTax ResolutionTax Returns\t\t\t\t\t\t\t\t\t\t\t\t\tTax ResolutionTax Preparation\t\t\t\t\t\t\t\t\t\t\t\t\tTax ResolutionTax Preparation\t\t\t\t\t\tInvestigation Fee\t\t\t\t\t\t\tNone\t\t\t\t\t\t\t\t\t\t\t\t\t$395+\t\t\t\t\t\t\t\t\t\t\t\t\t$495+\t\t\t\t\t\t\t\t\t\t\t\t\t$395+\t\t\t\t\t\tResolution Fee\t\t\t\t\t\t\t$2,000 (Average)\t\t\t\t\t\t\t\t\t\t\t\t\t$3,000 (Average)\t\t\t\t\t\t\t\t\t\t\t\t\t$1,200 - $7,000\t\t\t\t\t\t\t\t\t\t\t\t\t$1,500 (Average)\t\t\t\t\t\tMinimum Debt Required\t\t\t\t\t\t\t$10,000\t\t\t\t\t\t\t\t\t\t\t\t\t$10,000\t\t\t\t\t\t\t\t\t\t\t\t\t$10,000\t\t\t\t\t\t\t\t\t\t\t\t\tNot Available\t\t\t\t\t\tRefund Policy\t\t\t\t\t\t\t30-Day Money and Service Guarantee\t\t\t\t\t\t\t\t\t\t\t\t\t100% Money-Back Guarantee if Client Is Not in Better Position After Resolution\t\t\t\t\t\t\t\t\t\t\t\t\t15-Day Back Guarantee\t\t\t\t\t\t\t\t\t\t\t\t\tMoney Back Guarantee if Requested Within 30 Days of the Discovery Phase\t\t\t\t\t\tDedicated Case Manager\t\t\t\t\t\t\tYes\t\t\t\t\t\t\t\t\t\t\t\t\tYes\t\t\t\t\t\t\t\t\t\t\t\t\tYes\t\t\t\t\t\t\t\t\t\t\t\t\tYes\t\t\t\t\t\tSpeed of Service\t\t\t\t\t\t\t2-6 months\t\t\t\t\t\t\t\t\t\t\t\t\t2-6 months\t\t\t\t\t\t\t\t\t\t\t\t\t2-6 months\t\t\t\t\t\t\t\t\t\t\t\t\t2-6 months\t\t\t\t\t\tLocation Availability\t\t\t\t\t\t\tAll 50 U.S. States\t\t\t\t\t\t\t\t\t\t\t\t\tAll 50 U.S. States\t\t\t\t\t\t\t\t\t\t\t\t\tAll 50 U.S. States\t\t\t\t\t\t\t\t\t\t\t\t\tNot available in Idaho, Illinois, Maine, Minnesota, Missouri, Montana, New Hampshire, North Dakota, Ohio and Washington\t\t\t\t\t\tOptima Tax Relief Phone Number\t\t\t\t\t\t\t(855) 212-5900\t\t\t\t\t\t\t\t\t\t\t\t\t(866) 800-0829\t\t\t\t\t\t\t\t\t\t\t\t\t(800) 536-0734\t\t\t\t\t\t\t\t\t\t\t\t\t(800) 234-1040\t\t\t\t\t\t\t\t\t \t\tIs Precision Tax Relief Worth It?In my opinion, Precision Tax Relief is worth the money.The company gets high marks from several reviewers on the company\u2019s frequent updates on their case and general responsiveness.Based on a number of reviews, Precision was also able to substantially reduce their clients\u2019 tax debts with the IRS, which I suspect is due to the company\u2019s due diligence on the front end and willingness to decline cases.Who Precision Tax Relief is Best ForPrecision is best for clients with complex cases (e.g., offer in compromise) who prefer frequent contact and updates from their tax relief company.Who Precision Tax Relief Is Not ForPrecision is not for individuals with relatively simple tax debt issues that can be easily resolved without the company\u2019s assistance.Final ThoughtsBased on my research, Precision is a well-intentioned firm that will help you with your tax debts (or explain why it cannot help you).Several reviewers commented on Precision\u2019s client service, as evidenced by the company\u2019s frequent updates on their case and general responsiveness.Other former clients also praised the company\u2019s ability to meaningfully reduce their tax debts with the IRS.Frequently Asked Questions.accordion-list .accordion-title:hover{color: #4db848;}How much is Precision Tax Relief?Precision does not disclose its fees on the company website, but other third-party sites show an average resolution fee of $2,000. The company does not charge an initial fee.Are tax debt relief companies legitimate?Some legit tax relief companies do try to help clients with their tax debt issues.Many firms, however, have a reputation for misleading clients on expected outcomes and pricing.You should do your due diligence if you are considering retaining a tax debt relief firm to help resolve your tax debts.How do you get a tax forgiven?You can potentially get your tax forgiven by filing an offer in compromise with the IRS. Nevertheless, having your offer in compromise accepted with the Agency will depend on your specific tax situation.How much do tax resolution companies charge?The fees that tax resolution companies charge will vary depending on the company and your specific case.Complex cases such as an offer in compromise will be expensive, while a simple case such as removing a tax lien will be cheaper.As a rule of thumb, companies typically charge $2,000 through $7,000, although fees can be higher in certain circumstances.  "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Taxes","item":"https:\/\/moneydoneright.com\/taxes\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Tax Relief","item":"https:\/\/moneydoneright.com\/taxes\/\/tax-relief\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"Precision Tax Relief Review 2025: A Tax Attorney’s Take","item":"https:\/\/moneydoneright.com\/taxes\/tax-relief\/precision-tax-relief-review\/#breadcrumbitem"}]}]