433-B
Collection Information Statement for Businesses
Form 433-B (OIC), Collection Information Statement for Businesses, is the financial statement a business completes with Form 656, Offer in Compromise. The form says it is for a corporation, a partnership, an LLC classified as a corporation or another LLC, and that it should only be used with Form 656.
It asks for business information and owners, assets, average monthly income and expenses, and other information, then walks through a calculation of a minimum offer amount that goes on Form 656, Section 4, Payment Terms. The form says a sole proprietorship does not use it and completes Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, instead.
This is the April 2026 revision (Rev. 4-2026). The PDF can be filled out free in the browser on this page and downloaded without an account.
Name, EIN, address, county, description and DBA, phones, website, fax, federal contractor status, employees, payroll outsourcing, tax deposit frequency, average gross monthly payroll, and the partners, officers, members and major shareholders.
Cash and investments, digital assets, notes and accounts receivable, real estate, vehicles and other equipment, added into Box A, Available Equity in Assets.
Average gross monthly income on lines (6) to (10) totals in Box B, monthly expenses on lines (11) to (20) total in Box C, and Box D is Box B minus Box C.
Box D times 12 (Box E) or times 24 (Box F), depending on the payment period, plus Box A gives the offer amount for Form 656.
Bankruptcy, affiliations, money owed by related parties, litigation, asset and real property transfers, time outside the U.S., foreign assets, funds held in trust and lines of credit.
Signature of taxpayer under penalties of perjury, with title and date, followed by a checklist of attachments to include.
Section 2 says to gather the most current statements from banks and lenders, loan balances, monthly payments, accountant's depreciation schedules and current values of vehicles and business assets.
Round to the nearest dollar and enter "0" instead of a negative number. For real estate, vehicles and equipment, multiply current market value by .8 and subtract the loan balance. Add lines (1) to (5) in Box A.
Use the most recent 6 to 12 months of records. With a current profit and loss statement, the form says to enter the totals in Box B and Box C and skip lines (6) to (10) and (11) to (20).
For 5 or fewer payments within 5 months or less, multiply Box D by 12. For 6 to 24 months, multiply Box D by 24. Add Box A and place the result on Form 656, Section 4.
Answer each yes or no question in Section 6 with details for each Yes, then sign Section 7 with a title and date.
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The form says it should only be used with Form 656, Offer in Compromise. Its attachment list includes a completed and current signed Form 656. The PDF prints no mailing address.
The checklist lists a current profit and loss statement if appropriate, the six most recent statements for each business bank account, the three most recent for each investment account, lender and receivables statements, and records of digital assets.
The checklist lists Form 2848 when an attorney, CPA or enrolled agent will represent the business and no current form is on file, with all years and forms in the offer and the current tax year.
Section 6 says a business that is currently in a bankruptcy proceeding is not eligible to apply for an offer.
The form says asset value is subject to adjustment by the IRS, and the 12 and 24 multipliers do not apply if the IRS determines the tax debt can be paid in full within the legal period to collect.
656
115 fields, 8 pages
433-A
425 fields, 8 pages
2848
92 fields, 2 pages
433-B
447 fields, 6 pages
433-A
515 fields, 8 pages
The business that is making an offer in compromise completes the form and signs Section 7. The form says it should only be used with Form 656, Offer in Compromise.
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No. The form says a sole proprietorship completes Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals.
No. The form says it should only be used with Form 656, Offer in Compromise.
The form says to place the offer amount from Section 5 on Form 656, Section 4, Payment Terms. It has to be more than zero and in whole dollars.
The form multiplies current market value by .8 and subtracts the loan balance. A leased vehicle is entered as 0.
The form says equity in income producing assets shown in Section 2, except real estate, may be excluded from the Box A amount used in the offer calculation.
Yes. The form says that with a current profit and loss statement, the totals go in Box B and Box C and lines (6) to (10) and (11) to (20) are not completed.