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How to prepare a Collection Information Statement (Form …

How to prepare a Collection Information Statement ( form 433-B). Who should use form 433-B? Section 4. form 433-B is used to obtain current financial Information Business Asset and Liability Information necessary for determining how a business can satisfy an (Foreign and Domestic). outstanding tax liability. Item 16 Cash on Hand The following business entities need to complete Enter the amount of cash on hand which includes cash in form 433-B: a safe, cash register and petty cash. Partnerships If the business has a safe, list the contents. Corporations Exempt Organizations Items 17 Business Bank Accounts S Corporations Enter all accounts, even if there is currently no balance.

Line 25, page 4 of the Form 433-A, Collection Information Statement for Wage Earners and Self-Employed Individuals. Publication 5059 (Rev. 5-2019) Catalog Number 60901W Department of the Treasury Internal Revenue Service www.irs.gov

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