Get Form 433-b (oic) (rev. January 2014) Catalog Number 55897b. Collection Information Statement For

Filling out the Form 433-B (OIC) is an essential step for businesses seeking to apply for an Offer in Compromise with the IRS. This guide provides clear, step-by-step instructions to assist you in accurately completing the form online.

Follow the steps to complete the Form 433-B (OIC) effectively.

1. Select the ‘Get Form’ button to obtain the form and display it in your preferred document editor.
2. Begin by completing Section 1: Business Information. Enter your business name, Employer Identification Number, business address, description of business, contact details, and other relevant information.
3. Proceed to Section 2: Business Asset Information. Collect recent statements regarding your business assets including bank accounts, investment accounts, accounts receivable, and real estate, and enter their details as required.
4. In Section 3: Business Income Information, input the average gross monthly income of your business based on documents from the last 6-12 months.
5. Next, fill out Section 4: Business Expense Information by detailing the average gross monthly expenses, utilizing your latest bills, receipts, or statements.
6. Move to Section 5 to calculate your Minimum Offer Amount based on your available assets and remaining monthly income. Follow the instructions carefully to ensure accurate calculation.
7. Complete Section 6 by providing additional information that the IRS may need in assessing your offer. This includes any bankruptcy status, lawsuits, and business affiliations.
8. Finally, sign Section 7, confirming the information's accuracy. Remember to attach all necessary documentation as specified.
9. Once completed, save your changes, and consider your options to download, print, or share the form as needed.

Start filling out your Form 433-B (OIC) online today to take the next step in settling your business tax debts!