Form 433-B: CIS for Businesses

IRS Form 433-B is the Collection Information Statement specifically designed for business entities — corporations, S-corporations, partnerships, and multi-member LLCs. When a business owes payroll taxes (Form 941), corporate income taxes, or other business tax liabilities and cannot pay in full, Form 433-B is the financial disclosure required for any resolution program. The form captures the business's complete financial picture: assets (cash, accounts receivable, inventory, equipment, real estate, vehicles), liabilities (loans, lines of credit, trade payables), income (revenue by source), and operating expenses.

Business tax resolution is fundamentally different from individual resolution. The IRS evaluates business cases through a different lens: can the business continue operating while paying the tax debt? If the business has assets that can be liquidated without destroying the going concern (excess equipment, idle real estate), the IRS expects those assets to be sold. If the business is losing money, the IRS may determine the business is not viable and move to collect from the owners personally (through Trust Fund Recovery Penalty for payroll taxes) or seize business assets directly. Form 433-B gives the IRS the data it needs to make these determinations.