Form 433-D vs. Form 433-b-oic 2024-2025

Hello, this is Robert. I'm a tax attorney with TRP and we're going to be going over Form 433-B, which is the collection information statement for businesses. Now, before we get started, the first thing I'm going to say is to use if you have it. I don't recommend filling out the form in the browser, even though we're going to be reviewing it by going through the browser. So, this offering and the advice I'm giving is not for all businesses. If there are a lot of assets and a high income coming in, and the expenses are not that high, at the end of the day, the company making a lot of money probably won't get an offer in compromise. I just wanted to throw that out there before we get started. Okay, the other thing I want to mention is to fill this form out the best you can. It should be completed as accurately as possible. But when you come across areas you're not totally sure about, use your best estimate and explain in the cover letter that you used your best estimate for the situation. If you're not sure about the accuracy of certain items, it's important to note that if you want to follow along in a written format, you can click the link below and look at our guide. This might be easier than watching the video. However, you might want to watch the video first and then go back and look at the written guide. Another thing I was going to say is that if you can't find certain items, some people get stuck on one item and never send in the settlement. In that case, either get a tax attorney to help you or just send it in with your best explanation. If...