TaxSlayer

TaxSlayer LLC (formerly known as TaxSlayer.com) is a privately held tax preparation and financial technology company based in Augusta, Georgia. The company offers online tax preparation technology for American consumers and tax professionals, allowing them to electronically file state and/or federal returns. TaxSlayer also offers business technology products and services for legal, bookkeeping and HR/payroll.

TaxSlayer LLC
Private
IndustryTax software
Founded1965 (1965)
FounderAubrey Rhodes, Sr.
Headquarters
Key people
Brian Rhodes (President and CEO)
Products
  • Tax preparation
  • Tax return software
Websitetaxslayer.com

According to the National Association of Tax Professionals (NATP), TaxSlayer Pro is one of the top-rated software packages for tax professionals in the U.S.[1] In 2015, the IRS awarded TaxSlayer with the exclusive contracts for its VITA and TCE programs, a five-year contract that provides electronic tax preparation assistance for taxpayers who are low-income, elderly, disabled or who have limited English language proficiency in over 9,500 locations worldwide.[2] Over 90,000 tax preparers use TaxSlayer as part of the program.[3]

In 2010, the company built its headquarters building in Evans, Georgia, a large suburb of metro Augusta. In 2017, the company purchased a building in Downtown Augusta’s Innovation Zone that will become its Innovation & Technology Campus and company headquarters in 2018. TaxSlayer plans to continue to operate from both buildings, refurbishing the Evans building as a dedicated operation unit known as the Customer Excellence Center. Between the two buildings, the company will be able to house 600 employees across the metro Augusta area.[4][5]

The company is also known for its sports sponsorships, such as the TaxSlayer Bowl, a major college football bowl game in Jacksonville, Florida previously known as the Gator Bowl. Other sports sponsorships have included: Dale Earnhardt Jr., NASCAR and the JR Motorsports team, as well as three PGA Tour golfers.

TaxSlayer headquarters located in Evans, Georgia.

History

In the early 1960s, Aubrey Rhodes, Sr. founded Rhodes-Murphy & Co., a full-service tax preparation company that remains in operation in Georgia and South Carolina. In 1989, the company formed a subsidiary, Rhodes Computer Services, to start developing tax preparation software for others to use.

Four years later, Rhodes Computer began selling taxation software known as "Taxslayer Pro" to tax preparers and accountants throughout the United States.[6] TaxSlayer was named for the original email address of Jimmy Rhodes, son of Aubrey and the President and CEO at the time.[7]

In 1998, the firm began developing TaxSlayer.com to market its software to individuals.[8][9] TaxSlayer is now one of the largest online tax preparation services and a direct competitor to Intuit's TurboTax. In 2017, the company reported record growth in tax e-files with more than 10 million state and federal returns for the year, representing a 200% increase over the past three years.[4]

Product offerings

TaxSlayer produces software for several different market segments: consumers, professional tax preparers and the IRS VITA (Volunteer Income Tax Assistance) and TCE (Tax Counseling for the Elderly) program volunteers.

Consumer

TaxSlayer’s consumer products allow taxpayers to electronically file their taxes online each year. The product provides several different packages to provide varying levels of assistance and support customers require when filling.[10] TaxSlayer also offers a unique refund anticipation loan feature called refundNOW, which allows users to receive up to $1,000 of their refund as a 0% APR loan after IRS processing.[11]

TaxSlayer Pro

TaxSlayer Pro is designed to be licensed by members of tax preparation practices and small to mid-sized accounting firms.[12][13]

Government partnerships

IRS VITA/TCE

TaxSlayer maintains a continuing partnership with the Federal VITA and TCE programs. Both programs provide tax preparation assistance to Americans who may require assistance filing. VITA provides IRS-trained tax preparers who help those who are disabled, are low income,[14] or limited in English proficiency, while TCE provides a similar service to the elderly. Both use TaxSlayer-provided software to aid them in their work.[2]

Freefile Alliance

In addition to their paid offerings, TaxSlayer also participates in the IRS Free File Alliance, a nonprofit coalition of industry-leading tax software companies that partnered with the IRS to help millions of Americans prepare and e-file their federal tax returns for free.[15] By participating in this program, TaxSlayer guarantees free preparation and e-filing to taxpayers who meet a set of income criteria.[16]

Sports sponsorships

TaxSlayer Center

The TaxSlayer Center is a 12,000-seat arena located in Moline, IL, of the Quad Cities region. The stadium is home to the Quad City Mallards, a minor league professional hockey team, and the Quad City Steamwheelers of the Champions Indoor Football League. TaxSlayer purchased the naming rights to the stadium for a contract of more than $3.3 million over 10 years as part of a partnership enabling recreation and community in smaller cities, while promoting TaxSlayer’s brand in a burgeoning market.[17]

College football

The TaxSlayer.com Nationwide Series car on the field during the 2012 Gator Bowl coin toss

TaxSlayer is the title sponsor for the TaxSlayer Bowl, a college football bowl game held in Jacksonville, Florida. The game was previously known as the Gator Bowl and has been held continuously since 1946, making it the sixth oldest college bowl game. In 2014 the company struck a new six-year deal with Gator Bowl Sports to rename the bowl the TaxSlayer Bowl beginning in 2015.[18][19][20]

In keeping with its support of the military, TaxSlayer also began the Honoring Our Heroes initiative, which donates thousands of tickets to the TaxSlayer Bowl to servicemembers and their families.[21]

TaxSlayer.com has also been an associate sponsor of the Armed Forces Bowl and BBVA Compass Bowl.[22][23]

NASCAR

TaxSlayer has been a primary sponsor of several top-tier NASCAR drivers, such as Bobby Labonte,[24][25] Dale Earnhardt Jr.[26][27] and Regan Smith.[28][29]

Professional golf

TaxSlayer sponsors PGA Tour golfers Patrick Reed,[30] Henrik Norlander and Kevin Kisner.[31]

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References

  1. "Sorting Out Software: Analyzing the results of NATP's annual survey" (PDF). NATP TAXPRO Journal. Fall 2017.
  2. Cohn, Michael (2015-12-10). "IRS Picks TaxSlayer for VITA and TCE Programs". Accounting Today. Retrieved 2017-11-13.
  3. "2018 Partner Resource Guide" (PDF). www.IRS.gov. Archived from the original (PDF) on 2011-10-12.
  4. Hotchkiss, Joe (2017-08-22). "TaxSlayer unveils plans for downtown office". San Francisco Chronicle. Archived from the original on 2017-08-23. Retrieved 2017-11-13.
  5. The Augusta Chronicle "Highlights of new rules and benefits", The Augusta Chronicle, 9 February 2003. Retrieved on 2010-8-12.
  6. http://www.rhodesmurphy.com/companyinfo.aspx
  7. TaxSlayer.com. "Company History and Mission Statement of TaxSlayer.com". TaxSlayer.com. Retrieved 2017-11-13.
  8. The Augusta Chronicle "Tax software earns national notice", The Augusta Chronicle, 14 December 2002. Retrieved on 2010-8-12.
  9. The Augusta Chronicle "On the money", The Augusta Chronicle, 10 March 2002. Retrieved on 2010-8-12.
  10. "TaxSlayer Review 2016: A Love/Hate Relationship". The College Investor. 2016-12-22. Retrieved 2017-11-14.
  11. "TaxSlayer 2017 Review - For Those Who Need Their Refund Fast". The College Investor. 2017-12-21. Retrieved 2018-01-23.
  12. Girsch-Bock, Mary (2017-08-17). "2017 Review of TaxSlayer Pro". CPA Practice Advisor. Retrieved 2017-11-14.
  13. "Going global: Tax considerations for small businesses with international markets" (PDF). TaxPro Journal. Fall 2016. Archived from the original (PDF) on 2016-07-05.
  14. "IRS Tax Volunteers | Internal Revenue Service". www.irs.gov. Retrieved 2017-12-11.
  15. Acton, Brian (2017-01-26). "The ultimate guide to filing your taxes for free". USA TODAY. Retrieved 2017-11-13.
  16. "About the Free File Alliance | Internal Revenue Service". www.irs.gov. Retrieved 2017-11-13.
  17. Hancock, Amanda (2017-09-28). ""People will start to recognize it pretty quickly": Arena officials laud benefits of "brand awareness" as iWireless Center becomes TaxSlayer Center". The Quad-City Times. Retrieved 2017-11-13.
  18. Barney, Justin (April 4, 2014). "Gator Bowl becomes Taxslayer Bowl with new 6-year deal". The Florida Times-Union. Retrieved April 7, 2014.
  19. ESPN Sports "Taxslayer.com Gator Bowl", ESPN, 4 December 2011. Retrieved on 2012-2-17.
  20. TaxSlayer.com. "Gator Bowl Press Release". TaxSlayer.com. Retrieved 2017-11-13.
  21. "Honoring Our Heroes".
  22. Armed Forces Bowl "Partners" Archived 2010-10-16 at the Wayback Machine, Armed Forces Bowl, Retrieved on 2012-2-17.
  23. BBVA Compass Bowl "PLATINUM SPONSORS" Archived 2012-02-04 at the Wayback Machine, BBVA Compass Bowl, Retrieved on 2012-2-17.
  24. Nascar.com "Labonte, TaxSlayer.com return to TRG Motorsports", NASCAR, 14 November 2009. Retrieved on 2010-8-12.
  25. Motorsports, JR. "JR Motorsports". www.jrmracing.com. Retrieved 2017-11-13.
  26. "TaxSlayer.com, Earnhardt Jr. expand partnership". NASCAR.com. 2015-09-23. Retrieved 2017-11-13.
  27. Yahoo! Sports "Dale Earnhardt Jr. drives on grass, flips (coin) at Gator Bowl", Yahoo, 02 January 2012. Retrieved on 2012-1-12.
  28. NASCAR "Regan Smith Pads Nationwide Lead With Michigan Win", Nascar.com, 15 June 2013. Retrieved on 2013-6-26.
  29. Gluck, Jeff (2013-05-04). "Regan Smith takes Nationwide at Talladega after review". USA TODAY. Retrieved 2017-11-13.
  30. "Sponsors". Patrick Reed. Retrieved 2017-11-13.
  31. "Kevin Kisner". kevinkisner.com. Retrieved 2017-11-13.
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