Who needs a form 433-F?
Owing taxes to the IRS is not an ideal situation by any means, but sometimes it happens. Whether it was due to a change in your tax situation that you didn’t account for, or to required quarterly estimated payments that you forgot about, it’s important to square away your tax liability with the IRS. You can begin this process with a version of Form 433.
What is form 433-F for?
Form 433-A serves as an account of your financial situation (assets, income, expenses, etc) to an IRS Revenue Officer. It is a fairly long form, and you must be very careful when detailing your monthly expenses and expected income, as the IRS will use it to determine how much you must pay each month as part of an installment plan. Form 433-F is a shorter version of IRS Form 433-A, and it serves the same purpose of reporting your financial situation to the IRS.
Is it accompanied by other forms?
You may be asked to complete other versions of Collection Information Statement, such as Forms 433-A or 433-B. Also, IRS officials may request evidence of expenses you report on your financial statement, which is why it would be wise to prepare checks, money orders or other documents that verify your payments. If you are requesting an Installment Agreement, you should submit Form 9465, Installment Agreement Request, along with Form 433-F.
When is form 433-F due?
Form 433-F is usually filled out upon request from the IRS official. If you received a request, you will probably find the due date in the letter. Otherwise, you may file this form with the IRS whenever you would like to apply for extension of payment.
How do I fill out a form 433-F?
You can find detailed instructions for how to fill out every section of this form here.
Where do I send it?
Send it to the closest IRS office in your area or file it electronically at the IRS official website.