433-b (oic) 2025

Get Form
433-b (oic) Preview on Page 1

Here's how it works

01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out 433-b (oic) with our platform

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open the 433-b (oic) in the editor.
  2. Begin with Section 1, Business Information. Fill in your business name, Employer Identification Number, and physical address. Ensure all contact details are accurate.
  3. Move to Section 2, Business Asset Information. Gather current statements for all assets and liabilities. Enter values for cash, investments, real estate, and vehicles as instructed.
  4. In Section 3, provide your average gross monthly income based on recent documentation. Use the most accurate figures from your financial records.
  5. Proceed to Section 4 to detail your average monthly expenses. Include all relevant costs and ensure they align with your income statements.
  6. Calculate your minimum offer amount in Section 5 by following the provided formulas based on your remaining income and available assets.
  7. Complete Section 6 with any additional information required by the IRS regarding bankruptcy or litigation status.
  8. Finally, sign and date the form in Section 7, ensuring all attachments are included before submission.

Start using our platform today to streamline your form completion process for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
More In Help An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayers tax liabilities for less than the full amount owed.
1:15 3:00 Its also important to keep a copy of the form. And any confirmation you receive from the IRS. AsMoreIts also important to keep a copy of the form. And any confirmation you receive from the IRS. As this will help you keep track of your payments. And ensure everything is in order.
What is the Purpose of Form 433-A? The IRS uses this form to assess your collection potential and to determine your eligibility for IRS relief programs. If this form indicates that you can truly not afford to pay your taxes, the IRS may stop collection actions against you or agree to a very low monthly payment.
Form 433-B, Collection Information Statement for Businesses. IRS Form 433-B is used to obtain financial information about a business to determine its ability to satisfy an outstanding IRS tax debt. This includes income and assets, as well as any business expenses and debts.
Form 433-A (OIC) is a special version of the standard 433-A form, and its specifically used for people who are applying for an office in compromise (OIC).

People also ask

An Offer in Compromise (OIC) provides an alternative for individuals who are unable to pay their outstanding California income tax liabilities, and who wont be able to in the foreseeable future .
Youre eligible to apply for an offer in compromise if you: Filed all required tax returns and made all required estimated payments. Arent in an open bankruptcy proceeding. Have a valid extension for a current year return (if applying for the current year).
Form 433-A is a collection information statement for wage earners and self-employed individuals. 433 A Form (OIC) is a specific version used when applying for an Offer in Compromise, which is an agreement with the IRS to settle your tax liabilities for less than the full amount owed.

Related links