How it works
Form 433-A is the collection information statement for individuals: income, expenses, assets, debts, and bank and investment accounts, signed under penalty of perjury. Revenue officers use it to set installment agreement terms above the streamlined thresholds and to evaluate hardship. The OIC version adds the worksheet that computes reasonable collection potential from net realizable equity and future income under IRS expense standards.
Why it matters
The statement drives every collection alternative, and understated assets or income are the most common reason offers are rejected and agreements are later defaulted. It is a legal document, not a form to guess on.
Related: allowable living expenses, Form 433-F.
