Offer in Compromise Pre Qualifier

IRS has a direct site directly to prequalify a taxpayer and asks for status, basic information, assets, income, expenses, proposal. We will be helping you get started, but first you will need to schedule a consultation and understand more about your situation.

If you wish to take the IRS pre-qualifier click here. (Source: IRS)

4 Reasons the IRS will pre qualify you?

Ability to pay: 

  • The IRS needs to check the taxpayer’s ability to pay to determine the right relief programs that they could offer.

Income

  • Income is one of the crucial criteria in pre-qualifying for Offer in Compromise. A taxpayer’s income can determine if they can realistically resolve their tax obligations. Depending on their income range, the IRS could also determine the appropriate options for their tax debt resolution.

Expenses

  • The IRS also checks the taxpayer’s essential living expenses such as housing, transportation, and other necessities. This evaluation will help the IRS know the taxpayer’s realistic financial capability and will determine the appropriate assistance to recover from tax debt.

Asset equity

  • To assess the taxpayer’s overall financial capability, the IRS also evaluates the assets such as properties, investments, and possessions. This criteria will assist the IRS in ensuring a well-rounded and comprehensive understanding of whether the taxpayer is genuinely facing financial difficulties.

What’s the Offer in Compromise pre-qualifier?

You’re eligible to apply for an Offer in Compromise if you:

  • A taxpayer should have filed all of the required tax returns and made all of the necessary estimated tax payments. 
  • Is currently NOT in an open bankruptcy case
  • Must have a valid extension if applying for the current year tax filing 
We invite you to learn more about the current available Tax Debt Relief Programs

Thank you for trusting Global Gate Taxes to help you during a tough financial situation. You are not alone, millions of Americans are going through hardship and a way to get this fixed is by scheduling a consultation with our tax specialists. 

Here’s How It works:

Free Consultation

One of our tax expert will get the details of your situation and discuss your options for FREE

Investigation

Initiate client protection Establish communication with IRS Review case summary options (2-4 weeks)

Resolution

Establish IRS compliance Achieve the best resolution (3-9 months)

Freedom

Congratulation, your case has been closed (Done)

IRS Fresh Start Program - See if You Qualify - Global Gate Tax & Accounting Start Today with $99.95

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