IRS Form 433-F gives the IRS a detailed picture of your income, assets, debts, and living expenses. I explain what the form asks for, how the IRS uses it to evaluate what you can pay, and the mistakes to avoid before you sign and send it. Owe the IRS or your state at least $10,000 in back taxes, or have multiple years of unfiled tax returns? Book a FREE consultation with my team at Choice Tax Relief. Call 866-8000-TAX (866-8000-829) OR book here: choicetaxrelief.com/free-tax-relief-consultation I'm Logan Allec, CPA and owner of Choice Tax Relief. In this video, we cover: - Why the IRS asks for a Collection Information Statement - Form 433-F versus Forms 433-A, 433-A (OIC), and 433-B - What the form asks about your assets, income, and expenses - IRS Collection Financial Standards and allowable living expenses - Installment agreements, partial-payment plans, and currently not collectible status - Five common mistakes when preparing your financial information CHAPTERS 00:00 Wh...