What is form 433-F from the IRS?

Form 433-F is used to obtain current financial information necessary for determining how a wage earner or self-employed individual can satisfy an outstanding tax liability. Note: You may be able to establish an Online Payment Agreement on the IRS web site.

How do I submit form 433-F to the IRS?

How to Submit Form 433-F (Collection Information Statement) Once you complete the financial information statement, sign it and send it to the IRS. If you are applying for a payment plan, also include Form 9465 (Installment Agreement Request) and a copy of your tax return. Don’t include any supporting documentation.

What does it mean when the IRS puts you in uncollectible status?

Having an account placed in uncollectible status allows the taxpayer to remain current in tax compliance without worrying about enforcement action and allows a taxpayer to recover from a financial setback. The IRS may designate an account as being in uncollectible status for the short or long term.

What is the difference between Form 433-A and 433 F?

Form 433-F is a simplified version of Form 433-A, with only two pages. There are fewer questions to answer. The information you’ll need to provide on Form 433-F includes: Contact information and social security number.

Do I have to fill out Form 433 F?

To settle your case with the federal government, you’ll need to correctly fill out and submit the IRS Form 433 F. Any misreporting will delay the closing of your case, and could lead you to incur more penalties and late fees.

What is the difference between Form 433 A and 433 F?

IRS Form 433A- is a tax collection information statement for self-employed personnel and those that earn wages. IRS Form 433B- is a tax collection information statement for businesses. IRS Form 433F- is a generalized tax collection information statement.

How long can you stay in uncollectible status with the IRS?

How long can I be considered uncollectible? In theory, you could remain protected from collections by hardship status for up to a decade. The IRS Statute of Limitations puts an expiry date of 10 years on their collections activity, from the date the taxes were filed.

What is the difference between 433 A and 433 A OIC?

Form 433-A is used to collect important financial information that the IRS will use to determine whether you can afford to pay your tax debt. You’ll use the information on this form when applying for an offer In compromise (OIC), which is a payment deal.