Form 433-A

Form 433-A

A form one files with the IRS when an individual 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 individual's back taxes.
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With limited exceptions, addressed below, an OIC requires submission of Form 433-A in addition to Form 656.
In the letter, the SO informed Szekely that, if he wished her to consider an offer-in-compromise (01C) or other collection alternative, he should submit, before the scheduled CDP hearing, a completed Form 433-A, Collection Information Statement for Wage Earners and Self-Employed Individuals, together with supporting documentation and three months of bank statements.
Individual or self-employed taxpayers must submit Form 433-A, Collection Information Statement for Wage Earners and Self-Employed Individuals.
When the basis for making the compromise offer is doubt as to collectibility, the taxpayer must also complete a financial statement, Form 433-A, "Collection Information Statement for Individuals," or Form 433-B, "Collection Information Statement for Businesses," in addition to Form 656.
A taxpayer submits an offer on form 656, which must be accompanied by Form 433-A, Collection Information Statement, if the basis for compromise is collectibility.
Individual taxpayers must complete Form 433-A, Collection In for-mation Statement for Wage Earners and Self-Employed Individuals, and, if the taxpayer owns a business with employees, Form 433-B, Collection Information Statement for Businesses.
The vendor recommends completing the forms in the following order: Form 433-A, Form 433-B (if applicable), and Form 656.
The IRS does not recommend attaching a Form 433-A, Individual Collection Statement, or Form 433-B, Business Collection Statement, to a tax return.
An offer is properly submitted if the taxpayer provides all significant information requested on form 656, including a complete financial reporting form (form 433-A or 433-B).
Individual or self-employed taxpayers must submit Form 433-A. Collection Information Statement for Wage Earners and Self-Employed Individuals, with any required attachments or other documentation.
The taxpayer must submit an offer on form 656 and provide financial information on form 433-A (individuals) or form 433-B (businesses) if the compromise basis is collectibility.
IRS Publication 1854,"How to Prepare a Collection Information Statement (Form 433-A)" and IRM 5.8, "Offer in Compromise," provide guidance for properly completing these forms.