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IRSOther IRS Forms (4000–6999)

Official form guide

Form 433-BSP: 433-B (SP)

Form 433‑B (SP) is the IRS “Collection Information Statement for Businesses (Simplified).” It is used when a business requests an installment agreement or other collection relief and must disclose its financial situation.

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Form Overview

IRS Form 433-BSP - 433-B (SP)

Form 433‑B (SP) is the IRS “Collection Information Statement for Businesses (Simplified).” It is used when a business requests an installment agreement or other collection relief and must disclose its financial situation.

It captures income, expenses, assets, liabilities, equity, and a proposed monthly payment amount.

Risk Radar

Scan points
  • 1A single typo can reset the entire installment‑agreement process.
  • 2Misreporting income or expenses
  • 3Leaving required schedules blank
  • 4Using outdated bank balances
  • 5Failing to sign and date

Plain English

The IRS wants a snapshot of what a business earns, owes, and owns before agreeing to a payment plan. This form lets the agency see if the proposed monthly payment is realistic. Fill it out accurately to avoid delays or a denial of the agreement.

Submission Date

  • Filing date: 2020-02-28 22:10:15
  • Preparation window: collect IDs, supporting records, and signatures in advance.
  • Final review: verify names, dates, and required fields before submission.

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Glossary Terms

installmentfinancialpaymentincome

Hover a term to preview the meaning.

What this form is for

  • Use when a business requests an installment agreement or partial payment plan.
  • Do not use for personal tax debts – that requires Form 433‑A.
  • If the IRS asks for a full financial statement, switch to Form 433‑B (full).

Form selector

Use this form or another form?

Business owes < $50,000

More detailed asset schedule required

✓ Verify debt threshold first

Form 433‑B (full)

Individual taxpayer

Personal financial statement

✓ Confirm you are not filing on behalf of a business

Form 433‑A

Deadline or filing window

The IRS does not set a statutory deadline for submitting Form 433‑B (SP); it must be returned within the response window stated in the notice (usually 30 days). Late submission may result in a default levy or loss of the proposed payment plan.

  • —Monthly payment amount | Proposed payment = Total tax debt ÷ months agreed | Output: Monthly payment | Warning: Payment cannot be less than the IRS minimum

Checklist

What you need before filling it out

1

Income section

Recent profit‑and‑loss statement · Tax return Schedule C or corporate return

⚠ Often omitted for cash‑basis businesses✕ High
2

Asset values

Bank statements, appraisal reports · Balance sheet or asset schedule

⚠ Over‑ or under‑valued real estate✕ Medium
3

Liabilities

Loan statements, credit card bills · Liability schedule

⚠ Missing interest‑only loans✕ High
4

Equity

Prior year balance sheet · Equity worksheet

⚠ Forgetting owner draws✕ Medium
5

Proposed payment

Calculation worksheet · IRS instruction worksheet

⚠ Rounding errors✕ Low

Before you submit

  1. 1All required schedules attached
  2. 2Numbers match the most recent tax return
  3. 3Bank balances are as of the date requested by the IRS
  4. 4Signature and date present
  5. 5Correct IRS mailing address used
  6. 6Certified mail tracking number recorded
  7. 7Copy of the completed form kept for records
  8. 8If emailing, PDF is password‑protected as required
  9. 9All calculations double‑checked
  10. 10Form version matches the notice date

How to file this form

  1. 1Download the latest 2024 Form 433‑B (SP) PDF from IRS.gov.
  2. 2Print or open in a PDF editor and fill in all financial fields.
  3. 3Attach required schedules (asset, liability, equity).
  4. 4Sign and date the form in the designated box.
  5. 5Mail to the address on the IRS notice or upload via the Online Account.
  6. 6Save the tracking number or upload confirmation receipt.
  7. 7Retain a complete copy for at least three years.

Known limitations

  1. 1Form does not calculate interest or penalties; those must be added separately.
  2. 2Only a snapshot; the IRS may request updated statements later.
  3. 3Does not replace a full Form 433‑B if the debt exceeds the simplified threshold.
  4. 4IRS instructions may change; always verify the latest PDF.

Field map

Compact field-by-field guide

6 fields

General Info

2 items

Taxpayer Name and TIN

Full legal name and taxpayer identification number (SSN or EIN).

Requiredtext
Address

Current mailing address.

Requiredtext

Details

2 items

Required Information

Complete all applicable sections of this form according to the official IRS instructions.

Requiredtext
Amount (if applicable)

Enter the relevant dollar amount if this form involves tax calculation.

amount

Certification

1 items

Certification Statement

Read and acknowledge any certifications required by this form.

Requiredcheckbox

Signatures

1 items

Signature

Sign and date. Unsigned forms cannot be processed.

Requiredsignature
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Current form status
IRS

The form is currently in its 2024 edition, effective for notices dated after January 1 2024. Check the top of the PDF for the revision date before using it.

What changed or needs a fresh check

  • Edition date: Verify the form shows 2024 revision.
  • Fee: No filing fee for the form itself.
  • Mailing address: Use the address on the IRS notice you received.
  • Electronic option: Check if the notice allows upload via IRS Online Account.
  • Signature line: Ensure the authorized person signs and dates.

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Form 433-BSP page 1

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Form 433-BSP page 2

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Quick Facts

The business owner, partner, or authorized officer files it on behalf of the entity.
It captures income, expenses, assets, liabilities, equity, and a proposed monthly payment amount.
File it when you first request an installment agreement or other collection option; the IRS reviews it before setting a payment schedule.
Mail the completed form to the IRS address listed in the accompanying notice, or upload it through the IRS Online Account if the notice permits electronic submission.
Errors can cause the IRS to reject the request, increase the required payment, or trigger a levy or lien.
Gather the most recent tax returns, bank statements, and loan documents. Complete each financial line item using the IRS instructions. Attach any required schedules, sign, and date the form. Send it by certified mail or upload as instructed, then keep a copy for your records.

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After you file

  1. 1Confirm receipt with the IRS (mail tracking or online confirmation).
  2. 2Monitor the IRS account for acceptance or a request for additional info.
  3. 3Keep all supporting documents organized in case of audit.
  4. 4Record the agreed monthly payment amount and due date.
  5. 5Set up automatic bank transfers if possible.
  6. 6File a copy of the acceptance letter with your tax records.
  7. 7Review the payment schedule annually for accuracy.

Common confusion points

Form 433‑B (SP) vs. Form 433‑B (full)

The SP version is simplified and has lower asset detail requirements

→ Verify which version the notice requests

Business vs. personal

Some taxpayers think the same form works for both

→ Check the entity type on the notice

Mailing address

The address on the PDF differs from the notice address

→ Use the notice address

Electronic submission

Not all notices allow upload

→ Look for “{t

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Source transparency

Copyright & Licensing - US Government Forms

Independent guide

BrieflyGo links to and explains official public form sources. We are not a government agency, and this page is for general form guidance, not legal advice.

Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Public DomainCreated by the U.S. federal government. Not subject to copyright (17 USC § 105). Freely copyable without restriction.
Verify current license terms with the source agency before reuse outside this platform.

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