TAP S05-048

Simplifying Collection Statements (433-A and 433-B)

Statement of Issue:

The complexity of Collection Information Statements, Form 433-A for individual taxpayers and Form 433-B for businesses, burdens taxpayers applying for either an installment agreement or an offer-in-compromise.

Proposal:

Simplify Collection Information Statements by revising Form 433-A and 433-B to reduce the burden on taxpayers applying for an installment agreement or an offer-in-compromise.

Response Notes: