Send form 433A to Brookhaven Internal Revenue Service Center COIC Unit PO Box 9008 if you are other than a wage earner, self-employed or a retiree while residing in the eastern part of the United States, Puerto Rico or at a foreign address.
What is the difference between 433-A and 433-A OIC?
This form is only 2 pages -compared to the 6-pageForm 433-A. Form 433-A(OIC),Collection Information Statement for Wage Earners and Self-employedIndividuals: Form 433-A(OIC) is usedby individual taxpayers who are applying for an Offer in compromise.
What is IRS Form 433-A for?
Form 433-A is used to obtain current financial information necessary for determining how a wage earner or self-employed individual can satisfy an outstanding tax liability.
What proof does IRS accept for mailing?
The most common way to obtain proof of mailing for paper forms sent to the IRS is via United States registered or certified mail. Section 7502(c) of the Code establishes that the postmark date on the mailing receipt for these United States Postal Service (USPS) options will serve as evidence of the mailing date.
When do I need to file Form 433-A?
Form 433-A is required for individuals and self-employed people who are seeking an offer in compromise with the IRS. An offer in compromise is a settlement with the IRS to pay them less than what you owe. The IRS uses Form 433-A to collect financial information which they use to decide whether and how much you can afford to pay.
What is form 433-A for offer in compromise?
If you’re applying for an offer in compromise, which is a settlement with the IRS to pay less than the total amount owed, then you’ll be asked to fill out this form. Form 433-A is called Collection Information Statement for Wage Earners and Self-Employed Individuals.
How does the IRS use form 433-A balance?
The IRS uses this form to determine your “reasonable collection potential” on your tax debts. Form 433-A is an eight-page form. Here’s a breakdown of the information you must report in each of its sections. This section requests information about you and your household. For example, are you married? Do you own your own a home or do you rent?
When to use IRS Form 433-D installment agreement?
Form 433-D is used for installment agreements. The taxpayer or professional won’t need to decide when to use this because a revenue officer initiates the use. The IRS uses this form in conjunction with IRS form 9465 (Installment agreement form) Much of the information is similar on forms 433-A and 433-F.
