What Does IRS Use Form 433B For? A Tax Attorney Explains

Form 433B is a business collection information statement used by the IRS. Form 433B requests information about a businesses owners, the assets and debts of a business and the income and expenses of a business. The IRS uses Form 433B to determine what a business can pay to resolve outstanding tax debts such as payroll tax debts, corporate income tax debts and other tax liabilities. If your business owes taxes to the IRS, speak with a Columbus tax attorney at The McGuire Law Firm.

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