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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Individual or self-employed taxpayers must submit Form 433-A.
The Service accepts an OIC when it determines that (1) the offer is submitted on the proper version of the form 656 and Form 433-A or B-, as appropriate; (2) the taxpayer is not in bankruptcy; (3) the taxpayer has complied with all filing and payments requirements listed in the Form 656 instructions; (4) the taxpayer has enclosed the application fee, if required; and (5) the offer meets any other minimum requirements established by the Service.
The vendor recommends completing the forms in the following order: Form 433-A, Form 433-B (if applicable), and Form 656.
Form 433-A is required for offers submitted by taxpayers as individual wage-earners or as self-employed individuals.
The IRS may require a business taxpayer's officers or partners to complete Form 433-A.
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.
Since the Bigdebts have filed their return, they can contact an IRS collection office, fill out Form 433-A and enter into an installment agreement.
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.
For installment agreements, the key IRS forms are Form 433-A, Collection Information Statement for Individuals, and Form 433-13, Collection Information Statement for Businesses; self-employed taxpayers must use both forms.
Often, to enter into an installment agreement, a taxpayer is required to provide financial information on Form 433-A, Collection Information Statement for Individuals, particularly when dealing with a Revenue Officer.
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.
Form 433-A, Collection Information Statement for Individuals, and Form 433-B, Collection Information Statement for Businesses, which are shorter and easier to complete, replace the extensive Form 433.
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- ▲
- Form 2438
- Form 2439
- Form 2441
- Form 2553
- Form 2555
- Form 2555-EZ
- Form 2555EZ
- Form 2587
- Form 2678
- Form 2848
- Form 3
- Form 3115
- Form 3468
- Form 3491
- Form 3520
- Form 3520-A
- Form 3520A
- Form 3800
- Form 3903
- Form 3911
- Form 3921
- Form 3922
- Form 3949-A
- Form 3949A
- Form 4
- Form 4
- Form 4029
- Form 4136
- Form 4137
- Form 4255
- Form 433-A
- Form 433-B
- Form 433-D
- Form 433-F
- Form 433A
- Form 433B
- Form 433D
- Form 4361
- Form 4419
- Form 4421
- Form 4422
- Form 4461
- Form 4461-A
- Form 4461-B
- Form 4461A
- Form 4461B
- Form 4466
- Form 4506
- Form 4506-A
- Form 4506-EZ
- Form 4506-T
- Form 4506A
- Form 4506EZ
- Form 4506T
- Form 4562
- Form 4563
- Form 4626
- Form 4669
- Form 4670
- Form 4684
- Form 4685
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