IRS Form 433-F – What Oklahoma Taxpayers Need to Know

If you're applying for an IRS payment plan or trying to stop a levy, chances are you’ve been asked to complete Form 433-F — the IRS's most commonly used financial disclosure form.

But here’s what most taxpayers in Oklahoma don’t realize: filling out Form 433-F the wrong way can cost you thousands in unnecessary payments or cause a rejection altogether.



At Boulanger CPA, we help taxpayers complete IRS Form 433-F with strategy — not guesswork — as part of setting up affordable Installment Agreements, penalty abatements, and levy releases.

What Is IRS Form 433-F?

Form 433-F is an IRS Collection Information Statement used to gather key financial details, including:



• Employment and income
  
  
• Monthly living expenses
  
  
• Bank accounts and asset values
  
  
• Real estate and vehicles
  
  
• Loan balances and debts
  
  

The IRS uses this information to evaluate whether you qualify for a payment plan, settlement, or hardship status like Currently Not Collectible.

When Does the IRS Request 433-F?



The IRS may require Form 433-F when:

• You owe more than $50,000
  
  
• You request a non-streamlined Installment Agreement
  
  
• You're under active collection (CP504 or LT11)
  
  
• A Revenue Officer is assigned to your case
  
  
• You’ve defaulted on a prior agreement
  
  
• You're applying for levy release or tax lien withdrawal
  
  

It’s also commonly required when requesting IRS penalty abatement for serious balances.

How Is It Different from IRS Form 433-A?

While both are financial disclosures, there are key differences:

If you’re under automated collection, the IRS usually asks for Form 433-F. If a field agent is assigned, you’ll be asked for Form 433-A instead.



We can help determine which version applies to your case and ensure it’s done right.

Real Example – Oklahoma Client Avoids $800/month Payment

Client: Realtor in Broken Arrow

• Owed $67,000
  
  
• IRS requested 433-F
  
  
• Client originally listed inflated expenses and assets
  
  
• We corrected the form, added proper documentation, and supported it with a hardship affidavit
  
  
• Result: Approved payment plan at $285/month, no lien filed
  

Why You Shouldn’t File 433-F on Your Own



IRS Form 433-F might look easy, but small mistakes can lead to:

• Inflated payment requests
  
  
• Rejected resolution proposals
  
  
• Delays in lien or levy relief
  
  
• Forfeited asset protection strategies
  
  

We use this form strategically in support of Installment Agreements and even Offer in Compromise evaluations.

We Help Oklahoma Taxpayers File Form 433-F Strategically

When you work with Boulanger CPA, we:

• Review your IRS transcripts
  
  
• Prepare a clean, defensible 433-F
  
  
• Cross-check data with IRS Form 1040, bank records, and wage income
  
  
• Submit it directly to IRS collections or Revenue Officer
  
  
• Use it to negotiate smarter outcomes
  
  

📞 Call (405) 384-4900
📅 Schedule your free strategy session

✍️ 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