IRS Form 433-H Installment Agreement Request and Collection Information Statement

What Is IRS Form 433-H?

IRS Form 433-H, Installment Agreement Request and Collection Information Statement , is a formal statement used by taxpayers to ask the fiscal authorities to let them pay off their tax debts in monthly payments.

Alternate Name:

• Tax Form 433-H.

If alternative payment options are not available to the applicant in question, they should inform the government about their inability to deal with their tax liability and seek assistance with their financial burden.

This document was issued by the Internal Revenue Service (IRS) on April 1, 2020 , making older editions obsolete. Download an IRS Form 433-H fillable version below.

Only use this form if you are an employee that earns wages, your debt is bigger than $50,000, and you cannot handle it over the next six years. Identify yourself and add your contact information, provide the details of your debt - how much you currently owe and how much money you are able to send to the IRS every month, list your bank accounts, investments, real estate, credit cards, and other assets to build the picture of your financial standing, describe your employment situation, and record your expenses.

Confirm the information you put in writing is true and accurate and certify the paperwork. Note that if you are married, your spouse is supposed to sign the form as well. The tax authorities will review the details you submitted to check whether you qualify for an installment agreement.