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Completing Forms 433-F, 433-A and 433-B for the IRS

Protect yourself!  Submit correct and complete financial information to the IRS! If you cannot full pay your tax liability in one, lump sum payment, the IRS may request all your sensitive business and personal financial information.  A common way the IRS obtains the data is directly from the taxpayer on forms 433-F, 433-A and 433-B, Collection Information Statements (CIS).  Individual taxpayers are required to submit form 433-F or 433-A.  A business is required to submit form 433-A for each officer/owner and 433-B for the business.

The 433 forms request all your sensitive financial information.
  • Bank accounts and balances,
  • Lease, Mortgage and loan data,
  • Retirement accounts
  • Income and expenses,
  • Number of members in the household,
  • Make, model, balance and monthly payment amount of vehicle(s),
  • Accounts receivable list for businesses,
  • and more, along with backup documentation
The IRS will use this information for many reasons.  The main reason is to determine your ability to pay.  So, it’s critical to complete your 433 CIS forms correctly.  If you’ve never completed one before, it’ll take you some time to get the information in the right section and correct numbers on the form. We’ve seen thousands of incomplete and incorrect 433s from clients that make us cringe.  But, that’s why we’re here… to guide you through the resolution process.

Proactive Tax Relief and Resolution

At M&M we use the forms as part of our proactive approach to tax resolution.  We submit 433 forms to the IRS with a request for resolution.  This allows us to tell the IRS what we want and why it makes sense, instead of the IRS demanding payment based on what they think is represented on the forms.    

Remember, the IRS will be looking at your 433 form(s) as a collector, not as your advocate.  They are going to look at the information you provide and determine how they can get paid.  The Revenue Officer may not ask for missing information.  She may get the information through other channels.  Or, she may not even know certain information is missing or inadvertently incorrect.  The point is that you need to tell the IRS what you want and why it makes sense for the government to give it to you.  We help you do that.

You see, the Revenue Officer’s job is to close the fifty or sixty cases on her desk.  Each closed case is replaced by another case with another debt to collect.  They are not going be your financial advisor and they are not going to make sure that your case is resolved in your best interest.  That’s because they work for the government agency that is collecting the debt from you.

Push Back Against the IRS

At M&M, we work with our clients to complete and submit 433 forms as part of a proposal and request for a reasonable solution to the back taxes.  That’s our job and we do it well.  We understand how to protect our clients from monthly payment plans that are too high.  We understand how to correctly complete a CIS and proposal for resolution, how to request the removal penalties, how to protect against levies and seizures, when to Appeal...

The danger in handing over your financial information to be interpreted by the IRS is real.  The need to submit your CIS documents completely and correctly with a written request for resolution is necessary to gain protection against enforced collection (levies/seizures) during review.  Don’t let the opportunity to reasonably resolve your tax debt slip into IRS hands and out of your control. Contact M&M today to find out how we can help.  It’s confidential and free.



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