Get the free Collection Information Statement Form - cfo dc

Form CIS-1 (Rev. 03/2014) Government of the District of Columbia Office of Finance and Treasury Central Collection Unit Collection Information Statement Section 1: Personnel Information Note: Complete

How to fill out collection information statement form

How to fill out a collection information statement form:

1. Begin by obtaining the collection information statement form from the appropriate institution or organization. This form is typically used to gather information about an individual's financial status in order to assess their ability to repay outstanding debts.
2. Fill out the personal information section of the form accurately. Provide your full name, current address, phone number, and any other requested contact details.
3. Indicate your employment information by providing details about your current employer, job title, and salary or income. If you are self-employed, you may need to provide additional documentation or proof of income.
4. List your assets, which may include bank accounts, real estate holdings, investments, vehicles, or any other valuable possessions you own. Be sure to provide accurate and up-to-date information about the value and ownership of these assets.
5. Disclose your liabilities or outstanding debts. This may include mortgages, loans, credit card debt, or any other financial obligations that you currently have. Specify the amount owed, the creditor's details, and any repayment arrangements that are in place.
6. Detail your monthly expenses and living costs. This may include rent or mortgage payments, utility bills, transportation expenses, groceries, insurance payments, and any other regular expenses that you incur.
7. Review the completed form for accuracy and completeness before submitting it. Make sure to sign and date the form as required. Keep a copy of the completed form for your records.

Who needs a collection information statement form?

1. Individuals who are in debt and are dealing with debt collection agencies or creditors may be required to fill out a collection information statement form. This is often part of the assessment process to determine the individual's ability to repay the debts.
2. Businesses or organizations that are pursuing outstanding debts from individuals may also request the completion of a collection information statement form. This helps them evaluate the individual's financial situation and develop a repayment plan or arrangement.
3. Financial institutions or banks may utilize collection information statement forms when considering loan applications or assessing the financial health of their customers. This form allows them to gather essential information to make informed decisions regarding lending or creditworthiness.

In conclusion, filling out a collection information statement form requires providing accurate personal details, employment information, assets, liabilities, and monthly expenses. This form is typically needed by individuals dealing with debt or by organizations involved in finance, debt collection, or lending.

For pdfFiller’s FAQs

What is collection information statement form?

Collection Information Statement is a form used by taxpayers to provide detailed financial information to the IRS in order to help determine their ability to pay taxes owed.

Who is required to file collection information statement form?

Taxpayers who owe taxes to the IRS and need to establish a payment plan or show financial hardship may be required to file a collection information statement form.

How to fill out collection information statement form?

Taxpayers need to provide detailed information about their income, expenses, assets, and liabilities on the collection information statement form. It is important to complete the form accurately and truthfully.

What is the purpose of collection information statement form?

The purpose of the collection information statement form is to help the IRS assess a taxpayer's financial situation and determine the most appropriate payment arrangement or resolution for their tax debt.

What information must be reported on collection information statement form?

Taxpayers must report their income, expenses, assets, liabilities, and other financial information on the collection information statement form.

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