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Tax Resolution Institute

$25,000 Debt Minimum, 100% Money-Back Guarantee

Our Score
5.1
User Score
--

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Our Score
5.1
User Score
--
Rank this Company

Ratings Breakdown

Price

Case by case basis
Undisclosed

Time in Business

total # of years
7 Years

NR

Services

Variety of services offered
6/10

CPA

CPA on staff?
Yes

Tax Attorney

Tax Attorney on staff?
Yes

Associations

Professional Association Members
Yes

Enrolled Agent

Certified by U.S Government
No

Refund Policy

Is there a refund policy?
Yes

Number of Reviews

User reviews here on BDC
0

This Review is maintained by

Review Last Updated: June 29, 2016

Tax Resolution Institute was established in 2008 by tax consultant Peter Stephan who has made appearances on television, radio, and newspapers. His extensive background in tax has enabled him to provide continuing education to attorneys, CPA’s, Federally Enrolled Agents and other individuals in the tax arena.

Rank Chart
Price (flat-fee)
Time in Business
Review

#1

$2,500-3,000
1997

#2

$2,000-5,000
2010

#3

$1,500-2,500+
2001

#14
tax_resolution_institute

Undisclosed
7 Years

The Good

Tax Resolution Institute tax relief services are extended to small and mid-sized companies, as well as to individuals facing a diverse set of tax issues. TRI’s team of professionals includes CPA’s with extensive knowledge in tax codes and logistics. In addition to this power team, the company employs tax attorney, Norman J. Kreisman, Equ., who was trained and certified by the Internal Revenue Service and brings an additional 24 years of experience to a team with a collective experience level of over 50 years.

What really sets this company apart is the fact they are able to help those under the toughest economic stress levels with bankruptcy, having experience in Chapter 7, 11, and 13 while specializing in the discharging of both Federal and state taxes. Kreisman has assisted cases for both debtors and creditors – meaning he knows full well how what to expect when handling disputes with the IRS and creditors, providing clients a little more leverage in tax resolution.

Free consultations are offered to determine whether or not their team of experts will be able to assist each unique case. A retainer fee is required to initiate the tax investigation and relief process, and while they charge more than other companies in the industry, taxpayers may appreciate their payment plan options to help meet the needs of their clients. After extensive research on each financial status of their clients, they’ll work with them to find the best payment plan that fits into an affordable budget. Keep in mind, the payment schedule must be kept or services will cease until payments are made.

What’s more is they offer a 100 percent money back guarantee. This isn’t something typically seen within this industry, and when refunds are granted, they’re usually prorated. TRI calls this their “Unconditional Guarantee,” claiming if they don’t resolve the tax issues as promised, they will refund the retainer fee, which is usually around $5,000 – not bad.

For those with the desire to become educated on all things tax related, they have done well to provide a blog via their company website offering articles to almost anything imaginable relating to taxes. This helps the everyday taxpayer and clients alike, discover options for themselves as well as tips and tricks to avoid getting themselves strapped down under the heavy weight of tax debt and IRS and state issues.

Tax Resolution Institute highlights to include:

  • Free consultation
  • Attorneys and CPA’s
  • Members of the ABA, ASTPS, and AICPA
  • Assistance with bankruptcy
  • In-house staff for each case
  • Money-back guarantee

The Bad

While Tax Resolution Institute has an extensive knowledge base, among other quality attributes, we have a few concerns worth mention, such as their lack of Federally Enrolled Agents. While this may seem like a slight downfall to some, others may find themselves looking for services with an alternate establishment proving services by these professionals who are awarded the highest credential to tax practitioners by the IRS. They are authorized by the U.S. Department of Treasury to represent taxpayers before the IRS. While the company does employ an attorney, he’s only one man and can only assist so many individuals at a time.

This company also requires clients to carry more tax debt than many of the industry’s competitors with $20,000 for an individual tax burden and businesses carrying over $50,000 in debt. This is why they charge higher prices than their competitors, which is another concern worth mention. For a service such as an OIC on a $30,000 debt, the company may charge up to $9,000 in addition to the $5,000 retainer fee.

Additionally, we would like to see a company of this stature and extensive background affiliated with the BBB. This provides consumers a reliable outlet to research and explore the cons, in addition to the pros of companies and can be a valuable resource in realizing the true reputation of a company.

The Bottom Line

Tax Resolution Institute’s business longevity and money-back guarantee are promising, but their lack of an Enrolled Agent and no rating with the BBB is hard to overlook. Their high minimum debt and high pricing structure are also some of our concerns. Overall, we feel those with high-profile cases may find some benefit by taking advantage of their consultation, but for the individual taxpayer and small business tax concerns, we recommend visiting some of our top recommend tax companies.

Price

Like many tax relief companies, price is determined case by case. A scenario of pricing for someone owing $30,000, where Tax Resolution Institute would approach the IRS with an Offer in Compromise for $20,000, and their fee would be around $7,000 to $9,000.

Tax Resolution Institute offers payment plans for each individual case, but do not finish the work until you have paid in full. They also have a standard $5,000 retainer fee to initiate the process.

Minimum Tax Debt Accepted

Their minimum is quite high – around $20,000 for individuals and $50,000 for businesses.

Time In Business

7 years. The company was founded in 2008.

BBB Rating

They are not rated with the BBB.

Types of Services Available

  • IRS Tax Problems
  • Tax Problem Negotiations
  • Business Tax Problems
  • IRS Criminal Investigation Support
  • Tax Resolution Help
  • Bankruptcy

CPA on Staff

Yes.

Tax Attorney on Staff

Yes.

Professional Associations

They have members of the American Bar Association (ABA) on staff as well as the American Society of Tax Problem Solvers (ASTPS) and AICPA.

Enrolled Agent on Staff

They do not have any Enrolled Agents on staff.

Free Consultation

Yes. They offer a free consultation.

Refund Policy

 

They offer a 100% money back guarantee. Their policy is simple. If for any reason, other than in-cooperation from the client, they can’t fix the tax problem as promised, they’ll provide a full refund of the upfront cost.

Contact Information

Address:

21700 Oxnard St. suite 1160
Woodland Hills, CA 91367

Business Hours:

8:30 to 5:30 Mon. – Fri. PST

 

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Poll

  • When looking for a debt settlement company, which of these two aspects is most important to you?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
  • Negotiates with your creditors on your behalf.
  • Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
  • Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
  • You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
  • Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
  • Borrowers can receive funds from their loan within only a few days.

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Our Score
5.1
User Score
--
Rank this Company

Ratings Breakdown

Price

Case by case basis
Undisclosed

Time in Business

total # of years
7 Years

NR

Services

Variety of services offered
6/10

CPA

CPA on staff?
Yes

Tax Attorney

Tax Attorney on staff?
Yes

Associations

Professional Association Members
Yes

Enrolled Agent

Certified by U.S Government
No

Refund Policy

Is there a refund policy?
Yes

Number of Reviews

User reviews here on BDC
0
Our Score
9.4
User Score
8.9
Rank this Company

Ratings Breakdown

Price

flat fee, paid monthly
$2,500-3,000

Time in Business

total # of years
1997

A+

Services

Variety of services offered
10/10

CPA

CPA on staff?
Yes

Tax Attorney

Tax Attorney on staff?
Yes

Associations

Professional Association Members
Yes

Enrolled Agent

Certified by U.S Government
Yes

Refund Policy

Is there a refund policy?
Yes

Number of Reviews

User reviews here on BDC
257