ED Magedson – Founder
The Tax ClubThe Empire State Building, 350 5th Ave., Suite 6015 New York, New York United States of America
The Tax Club Ripoff They Don't Have a Clue! Uneducated Advisers! Beware! New York New YorkThe Tax Club is A Ripoff!
I spoke to Bert Seither during the initial free 30 minute consultation. He's very good at convincing you that they are the tax experts. I felt uncomfortable about the $2000 membership fee, but when comparing how much it cost me to do a personal tax return and a business tax return... to their low $240 a year fee for both returns, it seemed like a good deal despite the large initial payment. I also took into consideration that they offer unlimited phone calls to ask tax questions. And my accountant charges 275 an hour for questions. However, during all of my follow-up calls it seemed as though I know a lot more about taxes than the people that work for them.
Mr. Siether told me I could form an LLC for my business entity and be taxed as an S. Corp. I then spoke to a guy named Nosh at the tax club, who told me that was impossible. Then, during my bookkeeping appointment, I spoke to a seemingly uneducated kid named Daniel B. who continually insulted my bookkeeping practices. Telling me that his was more superior. He was rude and unprofessional. I also spoke to a guy named Larry Bookout during my initial consultation, and he knew nothing about the tax laws in California. Then I spoke to Adam Carroll about forming my corporation, and I had questions about the franchise taxes in California. I had two phone calls with Mr. Carroll, each time he told me something different. When they sent me my tax club binder,they actually sent two of them. When they sent me my "personal tax plan", they sent two of those also. It seems as though the left hand doesn't know what the right hand is doing. The "personal tax plan" isn't personal at all. They simply typed up my name and stuck it in the front of an already prepared generic tax plan. And now I find out that they don't really do any tax planning at all. I have to do all of the work implementing an insert teamed all of the information in their "virtual tax organizer". This is a very good lesson to check companies out before you join! I want to be involved in a class-action lawsuit. Anyone out there filing one please let me know how to contact you.
Cathryn Oakland, California
This report was posted on Ripoff Report on 01/01/2007 03:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/The-Tax-Club/New-York-New-York-10118/The-Tax-Club-Ripoff-They-Dont-Have-a-Cluenbsp-Uneducated-Advisersnbsp-Beware-New-Y-228172. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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