Eagle Tax Franchise
Eagle Tax is a franchise for a business that provides services in tax preparation. It was founded in 2007 and started franchising that same year.
The company’s aim is to provide tax preparation services that have the best service and price. Their tax preparers will be there with you to help you with the interview. You will have all their attention for yourself. They have certified tax preparers that are experienced in preparing all kinds of tax returns including those who are single, married, divorced, or business owners. They also offer a special discount and promotion for those who are retired or unemployed. They even provided their services to resident aliens in accordance to federal regulations. They now have 33 locations all over the United States.
What do you get when you electronically file your tax return with Eagle Tax?
When you e-file tax with them, you will receive an acknowledgement from the IRS within 24 hours from the time that they receive your tax return. They guarantee that all the data are secure. You will be given the option to receive a check, a debit card, or a direct deposit. You will receive your receipt of refund faster than if your tax return was sent to the IRS through snail mail. You will also benefit from the convenience of not having to snail mail your tax return to the IRS.
Besides the usual employment information, income information, homeowner, and renter information, what other documents do you need to present to your tax preparer?
For personal identification, you will need to present your social security card, ITTN, or ATIN, driver’s license, and the dependent’s social security numbers and date of birth. You would also need other expense information such as medical and dental expenses, unreimbursed employment related expenses, job hunting expenses, personal property tax information such as automobiles, charitable donations, educational expenses, and childcare expenses and provider information.
Cost and requirements on running an Eagle Tax franchise
You need to have a net worth of $100,000 and a total liquid asset of at least $50,000. Expect to be investing about $56,000 to $102,500. The Eagle Tax franchise fee is $25,000 with an on-going royalty fee of 14%. This is for a renewable 10 year term agreement. They have a kiosk or express option. They also require a general business experience.
What is included in the franchise package?
There will be two weeks training at the headquarters. You will be given exclusivity in your territory within a one third of a mile radius. You will be receiving newsletters and a toll free phone number. You will also receive assistance at the grand opening. You will be given access to the internet and to purchasing cooperatives. Expect to be attending meetings and receiving occasional field evaluations to check on your progress. For marketing support, there will be ad slicks, co-op advertising, regional advertising, and national media.
Eagle Tax Contact Details
You may reach them at:
Address: 325 Chestnut St., #3000 Philadelphia, Pennsylvania 19106