IRS Form 433-B – What It Means for Oklahoma Business Owners in Tax Trouble
If your Oklahoma business owes payroll taxes or is facing IRS enforcement, you’ve likely been asked to complete IRS Form 433-B.
This isn’t just paperwork. It’s the IRS’s way of determining whether your business can pay — and whether to pursue liens, levies, or even personal liability under the Trust Fund Recovery Penalty.
At Boulanger CPA and Consulting PC, we help Oklahoma business owners complete Form 433-B correctly — and use it as a tool to protect their business, not expose it.
What Is IRS Form 433-B?
Form 433-B is the IRS Collection Information Statement for Businesses.
It’s required when you're:
- Requesting an Installment Agreement over $25,000
- Applying for a Business Offer in Compromise
- Seeking a levy release
- Under Revenue Officer investigation
- Involved in a Trust Fund Recovery Penalty (TFRP) case
It includes detailed questions about:
- Business assets and liabilities
- Monthly income and expenses
- Accounts receivable and bank balances
- Ownership and responsible parties
- Payroll tax deposit history
Learn More: See when IRS payroll tax enforcement begins in Oklahoma.
Why Form 433-B Matters
The IRS uses this form to decide:
- If your business qualifies for a payment plan
- Whether to accept or deny your proposal
- If the business should remain open
- Whether to pursue you personally under TFRP
- If enforcement should include asset seizure or levies
One mistake on Form 433-B can derail your resolution — or trigger enforcement.
Learn More: Understand the personal liability risks from the Trust Fund Recovery Penalty.
What the IRS Looks For
Revenue Officers reviewing your 433-B are asking:
- Are you still making required tax deposits?
- Do your reported expenses match your bank activity?
- Can the IRS levy accounts receivable or vendor payments?
- Is there evidence of contractor misclassification or unfiled returns?
- Do your financials match your business tax returns?
Oklahoma Case Example
Client: Construction firm in Tulsa, OK
- Owed $67,000 in back payroll taxes
- IRS initiated TFRP investigation
- Requested Form 433-B as part of the case
- We completed the form with verified cash flow, aging receivables, and hardship documentation
- IRS accepted a $425/month Installment Agreement
- No levy issued, and business stayed operational
How We Help You Complete Form 433-B Correctly
- ✅ We gather and verify required documentation
- ✅ We ensure your 433-B is consistent with prior returns and bank records
- ✅ We highlight hardship facts to support your proposal
- ✅ We protect owners from accidental personal liability exposure
- ✅ We communicate directly with the IRS — so you don’t have to
Learn More: See how state-level tax enforcement works in Oklahoma.
Facing a 433-B Request? Don’t Wing It.
Let us help you file the right information — and keep your business running.
FAQ – IRS Form 433-B
Do I have to submit Form 433-B if I owe payroll taxes?
In most cases, yes — especially if you’re working with a Revenue Officer or requesting a formal resolution.
Can I estimate numbers on the form?
No — the IRS requires real data from bank statements, accounts receivable reports, and financial statements.
Can the IRS use Form 433-B against me personally?
Yes — if you're being investigated under the Trust Fund Recovery Penalty, 433-B may be used to assess individual liability.
Can you help if I already submitted a 433-B?
Yes. We often correct or amend poorly prepared 433-Bs to prevent enforcement and strengthen your resolution proposal.
✍️ About the Author
Marc Boulanger, CPA, is the founder of Boulanger CPA and Consulting PC, a CPA firm based in Oklahoma City, OK.
Marc is the author of Oklahoma Taxpayers' Guide: Taking a Stand Against the IRS and has resolved hundreds of complex federal and state tax cases.
With over a decade of experience in IRS and OTC representation, Marc helps Oklahomans navigate high-stakes tax problems with clear strategy and calm expertise.
He is a Certified Tax Representation Consultant and a member of the American Society of Tax Problem Solvers (ASTPS).
📍 Office: Oklahoma City, OK | 📞 (405) 384-4900 | 🌐 www.oklahomacity.cpa
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