Wednesday, April 9, 2008

Tax Term of the Week

Collection Information Statement (CIS)- IRS standard financial statements required from individuals and/or self-employed individuals (Form 433-A) and businesses (Form 433-B) that owe IRS taxes and have indicated an inability to pay the liability. IRS uses these forms to determine the taxpayer's ability to pay in full by installment agreement or a hardship situation.

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