Tax Refund Services
- Company typePrivate
- Founded1995
- HeadquartersTampa, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Tax Refund Services firmographics
Firmographics- Name
- Tax Refund Services
- Legal name
- Tax Refund Services, Inc.
- Website
- https://taxrefundservices.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Tax Refund Services industry classification
Industry- Product category
- Tax Preparation Services
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Tax Preparation Services (541213)
- SIC
- Services-Miscellaneous Business Services (7380)
- akta.pro primary industry
- Tax Refund Anticipation Loans (RAL) & Refund Advances (FSAKAOAG)
- akta.pro secondary industry
- Refund Anticipation Loans (RAL) & Tax Advance Credit (FSAKAMAH)
Keywords
Where Tax Refund Services is headquartered
LocationHeadquarters
- HQ city
- Tampa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Tax Refund Services business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Tax Preparation Fees: Fees for tax preparation services, with the option for customers to pay the fee from their tax refund when funded (Pay with Refund option).
- Refund Advance: Refund advance loans provided through a partnering bank, up to $6,000, allowing customers to receive a portion of their federal tax refund early.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Tax Preparation - Pay with Refund |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Tax Refund Services product offering
Product offeringCore offering
Tax Refund Services (TRS) provides online and phone-supported personal income tax preparation and electronic filing services for individual taxpayers nationwide. The company also facilitates Refund Advance loans of up to $6,000 through a partnering bank, allowing customers early access to a portion of their federal refund, and offers free audit assistance and year-round IRS support.
Differentiator
Problem solved
Functional benefit
Brands
- Tax Max: Tax preparation services and refund management for car dealerships, offering programs including 1st Quarter, Pre-Season/4th Quarter, and Irregular Payments programs.
Products and services
- Personal Tax Preparation and E-Filing Full-service online tax preparation and electronic filing of personal federal and state income tax returns for individual taxpayers, including a free estimate, guided online tax organizer, secure document upload, e-signature, triple-checked returns by professionals, and 24/7 online access to filed returns and refund status.
- Refund Advance Loan
Quantifiable outcome
- Triple-checked tax returns by professional team
- +2 more outcomes
Companies that use Tax Refund Services
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Tax Refund Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Tax Refund Services partnerships and signals
Strategic signalScale indicators5 records
Recent moves4 records
Expansion highlights3 records
Tax Refund Services competitors and assessment
Company assessmentDirect peers
- H&R Block: Largest U.S. tax preparation services retailer with a national footprint of company-owned and franchise offices. Directly comparable consumer-facing tax preparation and Refund Advance offering, scaled much larger than Tax Refund Services.
- TaxSlayer: Online-first tax preparation platform with both consumer and pro product lines. Competes in the same individual filer segment with a digital-led model, providing a relevant peer for assessing digital migration risk in the assisted-preparer category.
- TaxAct: Online tax preparation platform with paid and free tiers. Targets value-conscious individual filers who might otherwise use a traditional preparer, representing direct substitution risk for Tax Refund Services' lower-end customer base.
- Liberty Tax: Franchise-based tax preparation chain with a similar seasonal, retail-store-driven model. Competes directly for individual filers seeking in-person or assisted preparation with refund-related ancillary products.
- Intuit (TurboTax): Dominant DIY online tax preparation platform. Reaches the same individual filer segment through a software-only model, with a Refund Advance product historically offered through partner banks, posing the principal competitive threat to assisted preparers.
- Refund Advantage: Provider of refund-transfer and Refund Advance products to tax preparers. Comparable to Tax Refund Services' banking-partner-facilitated refund advance offering, and a potential source of new bank-partner infrastructure.
- Jackson Hewitt: National tax preparation franchise network with strong retail presence in Walmart locations. Offers similar product suite including tax preparation, refund advances, and pay-with-refund pricing, serving comparable individual filer segment.
Emerging players
- FreeTaxUSA: Low-cost online tax preparation service that has rapidly gained share by undercutting traditional preparers on price. Represents the long-tail price competition compressing margins for assisted preparers like Tax Refund Services.
Broad incumbents
- Republic Finance: Consumer lending company that has historically partnered with tax preparers for refund anticipation and related credit products. Overlaps with Tax Refund Services' Refund Advance value proposition at the financial-product layer.
Others
- Drake Software: Provider of professional tax preparation software used by CPAs and tax preparers. Adjacent in that the company sells tooling that competing preparers use, and represents the type of technology stack Tax Refund Services would need to modernize.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Tax Refund Services social profiles
Digital presenceTax Refund Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tax Refund Services leadership team
Management profileNumber of profiles
Profiles1 record
Tax Refund Services subsidiaries and ownership
Company hierarchySubsidiaries2 records
Tax Refund Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tax Refund Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tax Refund Services
What does Tax Refund Services do?
Tax Refund Services (TRS) provides online and phone-supported personal income tax preparation and electronic filing services for individual taxpayers nationwide. The company also facilitates Refund Advance loans of up to $6,000 through a partnering bank, allowing customers early access to a portion of their federal refund, and offers free audit assistance and year-round IRS support.
Is Tax Refund Services a public or private company?
Tax Refund Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tax Refund Services founded?
Tax Refund Services was founded in 1995. It employs 11 to 50 people.
Where is Tax Refund Services based?
Tax Refund Services is headquartered in Tampa, United States, in the North America region.
How does Tax Refund Services make money?
Two revenue lines are on record. Tax Preparation Fees are the primary driver. The others are refund Advance.
Who are Tax Refund Services's main competitors?
Direct peers on record are H&R Block, TaxSlayer, TaxAct, Liberty Tax, Intuit (TurboTax), Refund Advantage and Jackson Hewitt. FreeTaxUSA is listed as an emerging player. Republic Finance is listed as a broad incumbent. Drake Software is listed as an others.
Does Tax Refund Services have an API?
No public API is recorded for Tax Refund Services.
What industry is Tax Refund Services in?
Tax Refund Services's product category is Tax Preparation Services. Its primary akta.pro industry code is FSAKAOAG, Tax Refund Anticipation Loans (RAL) & Refund Advances, with a secondary code of FSAKAMAH, Refund Anticipation Loans (RAL) & Tax Advance Credit. Its NAICS code is 5412 and its SIC code is 7380.