{"id":28310,"date":"2017-09-18T22:02:31","date_gmt":"2017-09-18T22:02:31","guid":{"rendered":"https:\/\/www.hrblock.com\/tax-center\/?p=28310"},"modified":"2018-06-20T10:43:18","modified_gmt":"2018-06-20T15:43:18","slug":"tax-dictionary-collection-information-statement","status":"publish","type":"post","link":"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-collection-information-statement\/","title":{"rendered":"Collection Information Statement"},"content":{"rendered":"<h2>IRS Definition<\/h2>\n<p>The IRS may ask you to complete a Collection Information Statement (Form 433-F, Form 433-A, or Form 433-B) and provide proof of your financial status (including information about your assets and your monthly income and expenses) before approving your request to delay collection.<\/p>\n<h2>More from H&amp;R Block<\/h2>\n<p>The IRS uses Collection Information Statements (Forms 433-F and 433-A) to gather financial information from taxpayers, including people who are self-employed.\u00a0These forms ask for your monthly income and expenses and the value of any assets you have, such as bank accounts, real estate, stocks, etc.<\/p>\n<p>The IRS uses these financial statements to figure out your ability to pay your balance in full or to make monthly payments if you don&#8217;t qualify for a <a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-guaranteed-installment-agreement\/\" target=\"_blank\" rel=\"noopener\">guaranteed<\/a> or <a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-streamlined-installment-agreement\/\" target=\"_blank\" rel=\"noopener\">streamlined installment agreement<\/a>.<\/p>\n<p>The IRS uses Form 433-B to determine a business\u2019s ability to make payments.<\/p>\n<p><a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/bill-for-unpaid-taxes\/\">Learn all the options you may have if you can\u2019t pay your taxes.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRS Definition The IRS may ask you to complete a Collection Information Statement (Form 433-F, Form 433-A, or Form 433-B) and provide proof of your financial status (including information about your assets and your monthly income and expenses) before approving your request to delay collection. More from H&amp;R Block The IRS uses Collection Information Statements [&hellip;]<\/p>\n","protected":false},"author":605,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,51],"tags":[],"class_list":["post-28310","post","type-post","status-publish","format-standard","hentry","category-irs","category-audits-and-tax-notices"],"acf":[],"yoast_head":"<title>Tax Dictionary: Collection Information Statement | H&amp;R Block<\/title>\n<meta name=\"description\" content=\"Learn about IRS collection information statements, which the IRS uses to determine your ability to pay for certain tax payment agreements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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