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Official form guide
Form 433B: 433-B
Form 433‑B is the IRS Collection Information Statement for Businesses. It is used when a business proposes a payment plan or offer in compromise and the IRS needs a detailed view of the entity’s finances.
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IRS Form 433B - 433-B
Form 433‑B is the IRS Collection Information Statement for Businesses. It is used when a business proposes a payment plan or offer in compromise and the IRS needs a detailed view of the entity’s finances.
Risk Radar
Scan points- 1A single mis‑typed number can double your proposed payment.
- 2Leaving a blank field that the IRS treats as zero
- 3Using outdated bank balances
- 4Misclassifying personal versus business assets
- 5Failing to attach required schedules for assets over $5,000
Plain English
Think of this form as a financial snapshot of your company that the IRS asks for before agreeing to a payment arrangement. You’ll list assets, liabilities, income, and expenses so the agency can decide what you can afford to pay.
Submission Date
- Filing date: 2019-02-19 22:00:27
- 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 when the IRS asks for a business financial statement for a payment plan.
- Do not use for individual taxpayers – they need Form 433‑A.
- If you are filing an Offer in Compromise, also complete Form 433‑A for the individual owners.
Form selector
Use this form or another form?
Individual taxpayer needs a payment plan
Captures personal income and assets
✓ Verify ownership before proceeding
Requesting a levy release
Authorizes levy withdrawal
✓ Ensure levy notice is attached
Applying for a hardship extension
Shows inability to pay tax
✓ Confirm extension eligibility first
Deadline or filing window
The IRS typically gives 30 days from the request letter to return Form 433‑B. If you need more time, request an extension in writing before the deadline. No statutory deadline exists beyond the IRS’s own notice.
- —Monthly cash flow | (Total monthly income – Total monthly expenses) | Net cash flow | Verify all recurring expenses are included
Checklist
What you need before filling it out
Bank balances
Recent statements (last 30 days) · Bank portal or paper statements
Real‑estate value
Appraisal or recent sale comparable · County assessor or appraisal report
Payroll expenses
Payroll register or Form 941 · Payroll service report
Equipment cost
Purchase invoices or depreciation schedule · Fixed‑asset ledger
Liabilities
Loan statements · Lender statements
Before you submit
- 1All numeric fields filled; no blanks
- 2Figures rounded to nearest dollar
- 3Supporting schedules attached for assets > $5,000
- 4Signature and date present
- 5Correct IRS mailing address copied from notice
- 6Copy of the IRS request letter included
- 7Cover letter summarizing the request
- 8Check for duplicate entries between sections
- 9Verify that personal assets are excluded unless required
- 10Ensure totals match supporting schedules
- 11Retain a dated copy for your records
- 12If filing electronically, confirm upload receipt
How to file this form
- 1Log into the IRS Online Account and locate the ‘Submit Form 433‑B’ option, or prepare a paper copy.
- 2Gather all required financial documents listed in the evidence matrix.
- 3Complete each section of the form, using the calculator field for net cash flow.
- 4Attach all required schedules and a copy of the IRS request letter.
- 5Sign the form as the authorized officer.
- 6Mail to the address on the IRS notice or upload electronically.
- 7Save the delivery confirmation (tracking number or electronic receipt).
- 8Monitor your IRS online account for acknowledgment within 10 business days.
Known limitations
- 1The form does not calculate a payment amount; the IRS does that after review.
- 2Only the most recent financial data are accepted; older statements may be rejected.
- 3The form does not replace a formal Offer in Compromise application.
- 4Electronic submission is limited to taxpayers with an active IRS Online Account.
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.
Almost done reviewing the fields?
Fillable formOpen in Editor->The form is currently the 2024 revision, published March 2024. No further updates have been released as of this writing.
What changed or needs a fresh check
- Edition date: March 2024
- Fee: none (submission is free)
- Mailing address: use the address on the IRS notice you received
- Electronic submission: available via IRS Online Account if enrolled
- Paper size: standard 8.5" × 11"
- Signature requirement: authorized officer must sign
Quick Facts
Downloads
After you file
- 1File the signed copy and all attachments in a secure folder.
- 2Track the mailing date and carrier tracking number.
- 3Check the IRS online account for a receipt of submission.
- 4Note any follow‑up deadline indicated in the IRS response letter.
- 5Prepare to provide additional documentation if the IRS requests clarification.
- 6Update your cash‑flow projection if your business situation changes before the IRS decision.
- 7Keep a log of all communications with the IRS regarding this request.
Sources
- SRCForm 433‑B title and{purpose}IRS officialform.gov PDF header (found).
- SRCEdition date March 2024PDF revision date (found).
- SRCNo filing feeIRS instructions state “no fee” (found).
- SRCMailing addressIRS notice specifies where to send (found).
- SRCElectronic submission optionIRS Online Account documentation (found).
- SRCSignature requirementForm instructions require authorized officer signature (found).
- SRC30‑day response windowIRS notice language (found).
- SRCCalculator field exampleNot explicitly in form; inferred from cash‑flow section (not found in provided source).
- SRCRisk of blank fields treated as zeroCommon IRS guidance (not found in provided source).
- SRCRelated forms listIRS cross‑reference tables (not found in provided source).
Common confusion points
Form 433‑B vs 433‑A
A is for individuals, B is for businesses
→ Verify entity type before starting
Personal vs business assets
Some owners mix accounts
→ Separate personal assets unless required
Electronic vs paper filing
Not all taxpayers have online access
→ Follow the address on the IRS notice
Monthly cash flow calculation
Expenses often omitted
→ Use the calculator field to double‑check
Deadline interpretation
IRS says “30 days” but calendar days vs business days differ
→ Count calendar days from the date of the notice
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 942‑1 (Request for Collection Due Process) to appeal a denial
Source transparency
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