Form 433-B

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Form 433-B

A form one files with the IRS when a business makes an offer in compromise. The form provides financial information to the IRS to help determine how much to withhold each month in paying the business's back taxes.
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Therefore, a taxpayer should provide the Service with documentation supporting income and expense amounts on Form 433A, Collection Information Statement for Individuals, or Form 433B, Collection Information Statement for Business, to prove that there are no available funds to pay to the Service.
A second document, Form 433-A, Collection Information Statement for Individuals, or Form 433B, Collection Information Statement for Businesses, and/or any other financial statement prepared by the taxpayer as long as it contains the information requested on Form 433-A or Form 433-B and is signed under penalty of perjury, must be completed and submitted concurrent with the offer.