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Official form guide
Form 433-BOI: 433-B (OIC)
IRS Form 433-B (OIC) is used to apply for an Offer in Compromise, allowing taxpayers to settle tax debt for less than the full amount owed. Filers must provide detailed financial information. No official source is available for this form; specific thresholds, deadlines, and penalties are not stated in the official source.
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IRS Form 433-BOI - 433-B (OIC)
IRS Form 433-B (OIC) is used to apply for an Offer in Compromise, allowing taxpayers to settle tax debt for less than the full amount owed. Filers must provide detailed financial information. No official source is available for this form; specific thresholds, deadlines, and penalties are not stated in the official source.
Risk Radar
Scan points- 1Not stated in the official source — verify on the agency site.
- 2Submitting Form 433-B (OIC) without attaching the required non-refundable $205 application fee
- 3Failing to include Form 433-A (OIC) for individuals with an ownership interest in the entity
- 4Signing the form but omitting the date of signature, making the offer incomplete
- 5Leaving Part I (Offer Information) field for total tax liability blank when amount is known
Plain English
This form helps you ask the IRS to accept less money than you owe in taxes. You must show your income, expenses, and assets to prove you cannot pay the full amount. The IRS decides if your offer is acceptable based on your financial situation.
Submission Date
- Filing date: 2026-04-18 11:10:40
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when applying for an Offer in Compromise to settle tax debt for less than the full amount owed.
- Do not use it when the tax debt has been fully paid or is not eligible for compromise.
Form selector
Use this form or another form?
Situation
Why it matters
✓ Check before you continue
Individual taxpayer seeking to settle personal tax debt
Form 433-B (OIC) is for business entities only; individuals must use Form 433-A (OIC) for personal financial disclosure
✓ Confirm the taxpayer is a corporation, partnership, or LLC, not a sole proprietor or individual
Business with annual gross receipts under $100,000 seeking an expedited offer
Form 433-B (OIC) is the financial statement; Form 656-B contains the actual offer agreement and payment terms
✓ Ensure both the financial statement and the offer form are submitted together
Form 656-B (Offer in Compromise Booklet)
Simpler financial situation eligible for the In-Place Offer process
If taxpayer qualifies under low-income guidelines, they may skip Form 433-B (OIC) fees and some disclosure sections
✓ Verify eligibility using IRS low-income threshold guidelines before continuing
Form 656-L (Offer in Compromise for Low-Income Taxpayers)
Deadline or filing window
Not stated in the official source — verify on the agency site.
Checklist
What you need before filling it out
Field or section
Document or info needed · Usually found in
Part I – Offer Information, total tax liability
IRS account transcript or assessment notice · IRS website account, previous correspondence
Part II – Business Financial Information, gross receipts
Profit and loss statements · Accounting software, tax returns
Part III – Asset Section, real estate value
Appraisal or county tax assessment · Real estate agent, local assessor’s office
Part IV – Income and Expenses, monthly net income
Bank statements and expense receipts · Checking account, credit card statements
Signature block, offer amount
Written offer amount agreed by taxpayer · Completed Part I of form
Before you submit
- 1Confirm the form edition is the current version.
- 2Fill in all required fields and schedules completely.
- 3Attach all supporting documents as listed in the instructions.
- 4Review financial entries for accuracy and completeness.
- 5Sign and date the form in the appropriate section.
- 6Make a copy of the entire package for your records.
- 7Check the mailing address or e-filing procedure for submissions.
- 8Send the form and supporting documents via certified mail if applicable.
How to file this form
- 1Download or obtain the current edition of IRS Form 433-B (OIC) and its instructions.
- 2Gather all required financial documents, including income, asset, and expense records.
- 3Complete all sections of the form, providing accurate financial data.
- 4Attach any necessary schedules and supporting documents as indicated.
- 5Sign and date the form in the signature section.
- 6Make a photocopy of the completed package for your records.
- 7Submit the form to the appropriate IRS address or through the e-filing system.
- 8Retain proof of submission, such as certified mail receipt or electronic confirmation.
Known limitations
- 1Form 433-B (OIC) applies only to business entities, not to individual taxpayers who must use Form 433-A (OIC)
- 2Does not apply to offers based on doubt as to liability; those require Form 656 (Offer in Compromise) with a written explanation
- 3Not used for offers involving a trust fund recovery penalty where responsible person proceedings are active
- 4Cannot be filed electronically; must be mailed to the designated IRS campus for the taxpayer’s state
- 5Excludes taxpayers currently in active bankruptcy proceedings, who must obtain court approval first
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
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Fillable formOpen in Editor->Not stated in the official source — verify on the agency site for the current edition and revision date.
What changed or needs a fresh check
- Edition date — Not stated in the official source; confirm the revision date on the IRS website.
- Fee — Not stated in the official source; check the IRS fee schedule.
- Mailing address — Not stated in the official source; find the correct address in the IRS instructions.
- Signature — Sign the form before submission.
- Supporting documents — Attach all required financial statements.
- Copy retention — Keep a copy of the completed form and all attachments.
Quick Facts
Downloads
After you file
- 1Retain a copy of the submitted form and all supporting documents.
- 2Keep proof of filing, such as a certified mail receipt or electronic confirmation.
- 3Monitor your IRS account or correspondence for acknowledgment of the offer.
- 4Respond promptly to any IRS requests for additional information.
- 5Allow processing time; follow up if you do not receive a response within a reasonable period.
- 6Consult a tax professional if the offer is rejected or if you need to appeal.
- 7Report any changes in financial circumstances to the IRS immediately.
Sources
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
- SRCNot stated in the official source — verify on the agency site
Common confusion points
Confusion
Why it happens
→ Safe check
Does the $205 fee apply to every Form 433-B (OIC) submission?
The fee is mandatory for most offers, but low-income taxpayers or those paying in full may qualify for a waiver
→ Confirm eligibility for fee waiver on IRS.gov before remitting payment
Should I include personal bank statements if I own multiple businesses?
Each business files a separate Form 433-B (OIC), but personal assets may affect the entity's equity
→ Only submit business-specific bank accounts unless personal funds are commingled
Can I use current tax returns instead of projected financials?
The form asks for future income estimates, not just past returns; many filers rely only on historical data
→ Compare projected monthly income with last year's actual income and explain significant differences
What if my business has no assets? Should I still list them in Part III?
The form requires listing all assets even if value is zero, but filers often skip this section
→ Enter '0' or 'None' in each asset field rather than leaving it blank
Do I need to attach Form 433-B (OIC) to the offer when mailing?
Yes, the financial statement is part of the offer package; missing it delays processing
→ Staple Form 433-B (OIC) behind Form 656 (OIC) before mailing
Is a signature from a corporate officer or authorized representative required?
The form must be signed by an officer with authority to bind the entity, not just any employee
→ Verify the signatory's title matches corporate minutes granting signing authority
Workflow map
Related forms and next steps
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Questions about IRS Form 433-BOI
What is IRS Form 433-BOI used for?
This form helps you ask the IRS to accept less money than you owe in taxes. You must show your income, expenses, and assets to prove you cannot pay the full amount. The IRS decides if your offer is acceptable based on your financial situation.
Confusion — what should I check?
Why it happens Safe check
Does the $205 fee apply to every Form 433-B (OIC) submission?
The fee is mandatory for most offers, but low-income taxpayers or those paying in full may qualify for a waiver Confirm eligibility for fee waiver on IRS.gov before remitting payment
Should I include personal bank statements if I own multiple businesses?
Each business files a separate Form 433-B (OIC), but personal assets may affect the entity's equity Only submit business-specific bank accounts unless personal funds are commingled
Can I use current tax returns instead of projected financials?
The form asks for future income estimates, not just past returns; many filers rely only on historical data Compare projected monthly income with last year's actual income and explain significant differences
What if my business has no assets? Should I still list them in Part III?
The form requires listing all assets even if value is zero, but filers often skip this section Enter '0' or 'None' in each asset field rather than leaving it blank
Do I need to attach Form 433-B (OIC) to the offer when mailing?
Yes, the financial statement is part of the offer package; missing it delays processing Staple Form 433-B (OIC) behind Form 656 (OIC) before mailing
Is a signature from a corporate officer or authorized representative required?
The form must be signed by an officer with authority to bind the entity, not just any employee Verify the signatory's title matches corporate minutes granting signing authority
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