- Instructor: Attorney Bob Schaller
- Lectures: 5
- Quizzes: 1
Form 433-B (OIC): Collection Information Statement for Businesses.
Form 433-B (OIC), Collection Information Statement for Businesses must be included with certain Offer in Compromise application packets when the grounds for compromise are based on doubt as to collectibility or effective tax administration. No Form 433-B (OIC) 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 courses, the necessary payments, and all attachments or other documentation required by the IRS.
Overview of Form 433-B (OIC)
Sections 1 & 2
Sections 3 & 4
Sections 5, 6 & 7