Form 433 Collection Information Statement
Chicago Tax Relief Lawyer Committed to Your Needs
- Discussed all of the taxpayer’s income, expenses, assets, and liabilities;
- May be used by the IRS if the offer tails.
Martelle’s Spread Sheet
- Calculates the difference between income and expenses to determine how much needs to be paid in either a cash offer or two-years short-term deferred offer.
- IRS does not care what the taxpayer actually spends;
- IRS only allows an amount set forth in their allowed expenses.
There Are National Expenses & Regional Expenses
National Expenses
- Allowance for auto payments
- Allowance for food, clothing and household expenses
Regional Expenses
- Allowance for housing
- Allowance for transportation
- Medical expenses & medical insurance
IRS Allows Whatever is Reasonably Necessary
- Secured debt payments or support payments
- If these payments terminate prior to the conclusion of the 4 or 5 years calculation, the IRS will consider that additional income when analyzing the OIC
Let our tax relief lawyer in Chicago help you handle the challenges you face. Call (800) 261-6671 today to get started with a consultation! We proudly serve clients across the nation.
