4 Tax Relief Services Offered by Expert Financial Consultants

4 Tax Relief Services Offered by Expert Financial Consultants

Expert financial consultants offer various services to help you get back on track. Whether you are struggling with tax problems or feeling overwhelmed and stressed out this year, tax relief services can help. According to statistics, over 51,259 tax professionals are employed in the United States.

Here are some standard services these professionals offer. 

1. Penalty Abatement

The IRS will levy a late payment penalty when you can't pay your taxes on time. This penalty is usually 0.25% of the unpaid tax per month, up to a maximum of 25%. The fine starts accruing the day after the tax is due and continues to grow until the tax is paid in full or an approved payment plan is set up.

If you cannot pay your taxes on time, you can get the penalty waived or abated. However, to become eligible for a waiver, you must prove that you have a valid reason for not paying on time, such as financial hardship or disaster. 

To request penalty abatement, you will need to complete IRS Form 112 and submit it along with your payment. A consultant can help you determine if you qualify for penalty abatement and assist with the paperwork.

2. Tax Audit Appeal

When the IRS audits a taxpayer and determines that they owe taxes, the taxpayer has the right to file an appeal. An expert financial consultant can help resolve the issue and get the taxpayer the best possible outcome.

If you are facing a tax audit, don't do it alone. Hiring a qualified professional to represent you can make all the difference. They can help in the following ways:
  1. By negotiating with the IRS on your behalf.
  2. By organizing and presenting your case in the most favorable way to you.
  3. By helping you understand the complex tax laws to make informed decisions about your case.
  4. By representing you in court, if necessary.

An expert financial consultant can be your best ally for tax audits. They can help you understand the process, build a strong case, and present your argument in the most favorable light possible. 

3. Innocent Spouse Relief

If you have recently filed a joint tax return and your spouse or former spouse failed to pay the tax, you may be held responsible for the debt. But, if you can prove that you didn't know about the unpaid tax bill, you may be eligible for innocent spouse relief and be relieved of the responsibility.

If you think you might qualify for Innocent Spouse Relief, don't wait to get help from tax help resources. The IRS has a limited time slot to grant relief, and it is best to act quickly to ensure you get the help you need.

4. IRS Fresh Start Initiative 

The IRS Fresh Start Initiative is designed to help taxpayers struggling to pay their taxes. This program offers several options for taxpayers to get back on track. 

One option available through the Fresh Start Initiative is an extension of the payment plan. Under this plan, taxpayers can make smaller payments over a more extended period.


Hiring a financial consultant to help with your taxes is a great way to get the relief you need. With so many services being offered, you are sure to find one that fits your needs. So do some research and contact a tax specialist today.
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