Form 433-F Collections Information Statement

[Taxadvisor VA]

Client owes IRS > $25K. He wants to set up an Installment Plan using Form 9465. He called IRS and they want him to fill out this Form 433-F "Collections Information Statement". Until yesterday, I had never heard of this form before.
Has anyone helped a client use this form? ____________

I think if client can get his balance due <$25K than he can forgo filling out all this detailed financial information. Is this a true statement? _________

Thanks for your help.

Taxadvisor VA

[Uncle Sam]

Form 433-F

If the tax debt is under $ 50,000 - a taxpayer can avoid even having to file a Form 9465
and go for Online Installment Agreement. Avoid 433-F unless client has limited cash flow
and can't work around any other type of arrangement.

[TAXNJ]

Read

UNLCE SAM's post says it in a nutshell.

You don't say if client is individual or business.

What you think helps but now you should check the IRS requirements for installment agreement to see if your thinking is correct.

"Happiness is when you think, what you say, and what you do are in harmony " quote M. Gandhi

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