- Instructor: Attorney Bob Schaller
- Lectures: 5
- Quizzes: 1
Categories: Offer in Compromise
Tags: Form 433-A
Form 433-A (OIC): Collection Information Statement for Wage Earners
and Self-Employed Individuals.
Form 433 must be included with the Offer in Compromise application packet when the grounds for compromise are based on doubt as to collectibility or effective tax administration. No Form 433 is required for an offer to compromise based solely on doubt as to liability. The OIC application packet must also include Form 656 that was discussed in the prior chapter, the necessary payments, and all attachments or other documentation required by the IRS.
Overview of Form 433-A (OIC)
Sections 1 thru 3
Sections 4 thru 6
Sections 7 thru 10
Tax LawThis course helps tax professionals understand the pivotal form Form 433-A. Form 433 provides the financial basis for quantifying the offer amount. It also discloses all of the taxpayer’s assets, income, expenses, and other information relative to the taxpayer’s financial affairs.