Tax Dictionary – Form 433-F

IRS Definition

Form 433-F, is a Collection Information Statement that is mailed to taxpayers for completion by Automated Collection System, Compliance Services Collection Operations, and Accounts Management.

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If you have an unpaid tax balance and do not qualify for a streamlined installment agreement (owe $50,000 or less that can be paid in six years) or you think you can’t pay anything at this time, the IRS may ask you to complete Form 433-F. In most cases you can file Form 433-F, but in certain circumstances, the IRS may request that you complete Form 433-A which asks for more detailed information than the 433-F.

The IRS will use the information you provide to determine your ability to pay. The information you provide will show if you can make a monthly payment or if your expenses exceed your income and you have no ability to make a payment at this time. The IRS may request that you provide proof of your income and expenses such as pay stubs, bank account statements, or credit card statements.

Learn about your options to address an unpaid tax bill.

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