Open, Operating and Closing: Tax Resolution Companies 2000 to 2013
Yr. 1982-2000 - 33 opened, 19 still operating , 14 closed
Year 2001 - 2 opened, 2 still operating, 0 closed
Year 2002 - 5 opened, 2 still operating, 3 closed
Year 2003 - 6 opened, 3 still operating, 3 closed
Year 2004 - 5 opened, 2 still operating, 3 closed
Year 2005 - 7 opened, 5 still operating, 2 closed
Year 2006 - 6 opened, 3 still operating, 3 closed
Year 2007 - 6 opened, 4 still operating, 2 closed
Year 2008 - 15 opened, 10 still operating, 5 closed
Year 2009 - 18 opened, 17 still operating, 1 closed
Year 2010 - 29 opened, 24 still operating, 5 closed
Year 2011 - 30 opened, 26 still operating, 4 closed
Year 2012 - 27 opened, 25 still operating, 2 closed
Year 2013 - 7 opened, 7 still operating.
TOTAL: 196 opened, 149 still operating, 47 closed
From reviewing this survey, you can see that 2008 - 2012 - was truly the boom cycle for "tax resolution" companies. We are pleased that 2013 - shows a real decline in "tax relief" companies! One does have to ask why the surge in 2008 onward? Was it related to the recession? OR was it debt relief companies leaving that industry and moving into tax relief? I think the most plausible answer is the closing of very large tax relief companies like: American Tax Relief in 2010, Roni Deutch in 2011, JK Harris in 2011, and Taxmasters in 2012. Their ex-employees went and started smaller outfits.
You can read more about the tax resolution industry in some posts here:
You can read about So Cal tax resolution industry here: The Short and Curious Life of the The So Cal Tax Resolution Industry
Revisiting our list of 150 active Tax resolution companies: Our 150 reviews
