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Form RO-1063 Web-fill (Rev. 12-09) 4 PRINT CLEAR N. C Department of Revenue Collection Information Statement for Business Note: Complete all entry spaces with the current data available or N A”
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How to fill out collection information statement for
How to fill out a collection information statement:
01
Gather all necessary financial documents such as bank statements, pay stubs, and tax returns.
02
Begin by filling out personal information sections such as your full name, address, and contact details.
03
Provide information about your employment status, including your current job and income details.
04
Indicate any other sources of income you may have, such as rental properties or investments.
05
List all of your assets, including bank accounts, real estate properties, vehicles, and investments.
06
Specify any debts or liabilities you have, including credit card balances, loans, or mortgages.
07
Provide information about any other financial obligations you may have, such as alimony or child support payments.
08
Complete the monthly expense section, listing all of your regular monthly expenses such as rent/mortgage, utilities, transportation, and groceries.
09
Include any legal judgments or bankruptcy proceedings that are relevant to your financial situation.
10
Review and double-check all the information filled out in the collection information statement for accuracy.
Who needs a collection information statement:
01
Individuals who are facing debt collection proceedings from a creditor or a collection agency.
02
Businesses that have outstanding debts and are being pursued by debt collectors.
03
Anyone who has been sued for unpaid debt and needs to provide a comprehensive overview of their financial situation to the court.
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What is collection information statement for?
The collection information statement is used to gather financial information from taxpayers who owe delinquent taxes to the IRS.
Who is required to file collection information statement for?
Taxpayers who owe delinquent taxes to the IRS are required to file a collection information statement.
How to fill out collection information statement for?
Taxpayers can fill out the collection information statement by providing accurate financial information including income, expenses, assets, and liabilities.
What is the purpose of collection information statement for?
The purpose of the collection information statement is to help the IRS determine the taxpayer's ability to pay the delinquent taxes.
What information must be reported on collection information statement for?
The collection information statement must report detailed financial information such as income, expenses, assets, and liabilities.
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