TRN Podcast|

Tax Rep Network - Eric Green | Form 433

 

In this quick message, Eric discusses what he saw while filtering through more than 4,000 questions on Offers, why the 433 form is so critical, and his upcoming workshop and guide to help tax pros become Offer masters.

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Tax Rep Minute – How To Complete A Form 433

Understanding The Importance Of Form 433

I thought I would just do this short little podcast on completing a 433. For those of you who do IRS representation, offers and compromises, installment agreements, and uncollectible stuff, you know that everything starts and ends with the 433. For those of you who don’t, a 433 is the collection information statement that the IRS uses. It’s a financial statement, pure and simple.

There are different versions of it. There’s a 433F and an H. They’re both for automated collections, the campuses. The F is if you’re arguing for uncollectible. The H is if you’re requesting a payment plan. They’re the same, but the H has the installment agreement request built into it. For the field, it’s 433A and B. A for the individuals, B for businesses. For offers, there’s a 433A OIC and a 433B OIC.

The 433B is the nuts and bolts of everything you’re going to do in tax resolution. Completing it is very critical. Two things have happened. We went back to all of the offer and compromise workshops we’ve done over the last three years. We had over 4,000 questions posted. We boiled down the top 100 of those questions and wrote up the answers, including citations to the code, the regs, and the Internal Revenue Manual.

There’s a brand-new guide that we are putting out. It will be out effective December 1st. E-books should be December 1st. The print books will be ready to ship on December 15th. The Insider’s Guide to Offers: Top 100 Questions and Answers on IRS Offers-in-Compromise. Part of what came out of that review was that we noted that most people afterward said, “Eric, I like the program. I understand offers now. How do you complete the 433?”

It is an art form. Where certain things go, how can you best provide the information to line up your client so their offer goes through? How do you put the package together? What we decided to do is we’re doing this once. We’re limiting it to 100 people. If you can get in, I’ll put the link in the description. On November 29th from 12:00 PM to 4:00 PM, four hours Eastern Time, we are going to be doing a virtual workshop on how to do the 433 step by step. This is going to be useful for you guys who want to take your representation practice to the next level. It is a critical skill for getting your offers through, for evaluating your clients, and what their options are. Go below and grab your seat on that while the early bird is available.

Filling out a Form 433 is an art. Knowing where to put things and how to present the information can make or break an offer. Share on X

It’s “How to Complete a 433,” November 29th, 12:00 PM to 4:00 PM, Eastern. If you’re in a different time zone, you can figure out what the time is. It’s going to be extremely helpful. It seems to be the one thing people keep asking for. If you’re interested in The Insider’s Guide to Offers: Top 100 Questions and Answers on IRS Offers-in-Compromise, I’ll put a link out there to TG Publishing. That’s where we have our books.

Exclusive Black Friday Discount On IRS Guides

We are starting a Black Friday sale. You can go out there. We normally sell the guides for $179 for the e-book. We stopped doing print books a couple of years ago. For this holiday season, we’re cutting the price by 45%. We’re bringing the print books back. You can get the e-books, instead of $179, for $99. Do you want the print book? $129. If you want both? The same $129. If that’s not a holiday gift, I don’t know what is.

You’ve got The Insider’s Guide to IRS Collection: A Step-by-Step Guide to Resolving Your Client’s Tax Debt, The Insider’s Guide to Resolving Tax Debts: Offers-in-Compromise, Installment Agreements & Uncollectible Status, The Insider’s Guide to Resolving Payroll Taxes and Personal Liability, and the brand-new The Insider’s Guide to Offers: Top 100 Questions and Answers on IRS Offers-in-Compromise. What it does is it reviews the offer process. It gives you a step-by-step workflow to get through an offer.

It has the top 100 Q&A on offers, which I think is going to be incredibly insightful. We’ve also given you 75 pages of exhibits, everything to do with offers, all the correspondence, the letters, an addendum, a sample cover letter that we use when we submit our offers, and a sample appeal. When we disagree with the RCP analysis and we’re taking our appeal, we’ve given you a sample of that that you can use in your practice, as well as the document checklist. It will be extremely helpful for those of you that do offers.

Tax Rep Membership Benefits And Free Training Access

Remember, special holiday pricing, $99, $129, or get both for $129. Both those links for the 433 program and the Insider’s Guide will be in the description. My last plug is if you are not a tax rep member, but you want to be and you want all of this stuff, join Tax Rep and you get it all for free. You get the 433 program for free. You get the guides for free. You get the 150 hours of on-demand training, the offer workshops for free, the New England Rep Conference, that’s free, the Criminal Tax Day in the spring, that’s free.

You get to consult with us on cases. It’s all free as part of your membership. With that, have a great week. Take care. Hopefully, we’ll see you all at the 433 workshop. Hopefully, I’ll see you all in Vegas in December for our live two-day summit. Check out the Insider’s Guide to IRS Offers. You’re going to find it extremely useful.

 

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