John McGuire at the McGuire Law Firm. Today's video, I'd like to talk a little bit about Form 433. Do I see? So, Form 433-B in general is a collection information statement for a business. It's a form that the Internal Revenue Service (IRS) will use when looking at a business's collection potential. So, today, if a business has a tax liability, the IRS would have to complete Form 433-B to see how they could collect or maybe what the business could afford on a monthly installment agreement. Form 433-B, oh, I see, is the form that a business would use to submit an offer and compromise to the Internal Revenue Service. So, the form covers many of the same questions and issues as Form 433-B, but it is used when you are attempting to settle that tax debt. Form 433-B, oh, I see, is going to go over assets, business income, business expenses, and so forth. Then, it helps you calculate the business's offer and compromise by tallying up the equity and assets and the disposable income based on the business's monthly income and expenses. Then, you would submit that Form 433-P, oh, I see, to an offer and compromise unit and probably wait for a response from the IRS. If you have any questions regarding this form or other tax matters, please feel free to give our law firm a call. We offer a free consultation to all clients and potential clients, and I would welcome the opportunity to meet with you. Thank you very much.
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Irs 433-b Form: What You Should Know
The information you provide in your Federal Income Tax Return has been reviewed and analyzed for accuracy. If necessary, additional documentation is required. Additional information may be requested by calling our toll-free taxpayer service number or writing to: IRS, Attn: OIC Services, P.O. Box 287880, St. Cloud, MN 55. Note: When we review your application and verify the application has been received by us and is complete, we will send an information letter with instructions to verify tax information on your federal income tax return. Once you receive instructions and follow them to the letter, you will be sent your federal income tax form by the IRS with details of how to complete and file your tax return. However, you have to make sure you complete all the fields in the Filing Instructions for Form 1040 or Form 1040A. If you will be filing by mail, and you would like additional information about your application, please fill out Form 8802, Application for Additional Information to Support Your Application or Form 8802a, Application for Additional Information to Support Your Application to Request Review of a U.S. or Foreign Tax Refund. It may take up to 10 days to receive your Form 8802 or Form 8802a. If the information you provide on your tax return does not match IRS documents, you may be required to file a supplemental return or to obtain further information. You May also need a copy of Form W-8BEN, Employee's with Certain Disabilities Disclosure (If you have a disability which prevents you from completing or filing your federal income tax return, you must sign this form to report or notify about the existence of this condition.) or Form W-4, Health Insurance Marketplace Statement (If you are self-employed, you must report certain income to the Marketplace and you may be required to furnish information about yourself to the Marketplace that is not on file with your employer. ) You may need to provide documentation from an organization that is not the organization you are a member of. For example, a church may need to produce documents to prove the existence of a condition. Check the organization's Website for more information. If you need any help identifying an organization and have questions or need assistance understanding the requirements to satisfy a tax return obligation, you may contact IRS by phone at, Monday through Friday.
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Video instructions and help with filling out and completing Irs Form 433-b
