How to Complete an IRS Form 433

Program Details

The way to resolve a taxpayer’s collection case is to understand how the IRS calculates “Reasonable Collection Potential”, or RCP. The biggest mistake made by practitioners is not understanding how the forms work and how the IRS utilizes its allowable expenses to determine how much the client can afford to pay.

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Learning Objectives:

  • Explain the uses the IRS has for the Form 433 Collection Information Statement
  • Describe the impact of the allowable expenses on the IRS RCP calculation
  • Identify issues with the 433 form and explain which version to use for each type of case

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