Form 433-A: Collection Information Statement for Wage Earners and Self-Employed Individuals
Definition: Form 433-A is the IRS financial disclosure form individuals complete when requesting payment plans, Offers in Compromise, or hardship status. It lists monthly income, expenses, assets, liabilities, and bank accounts to calculate your ability to pay tax debt.
Why It Matters: The IRS uses 433-A to set realistic installment amounts, evaluate OIC settlements, or grant Currently Not Collectible pauses—preventing levies while proving hardship. Inaccurate details lead to denials or unaffordable plans. If notices like CP504 or CP90 are pressing, this form is your roadmap to relief. Omni Tax Help reviews your pay stubs, bills, and assets; completes Form 433-A with allowable national/local standards; and negotiates the best outcome—often lowering payments or halting collections entirely.
Key Sections:
- Income: Wages, self-employment net, rentals, pensions.
- Expenses: Housing, food, transportation (capped by IRS standards).
- Assets: Home equity, vehicles, investments, cash.
What to Do Next:
- Gather 3 months of bank statements and bills.
- Submit with Form 9465 (IA) or 656 (OIC)—we ensure precision.
- Update if circumstances change.
Your finances tell your story—let us present it clearly. Our experts secure approvals daily—contact us for a free eligibility check and personalized strategy.
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