IRS Form 433-A — Individual Collection Information Statement — Definition Glossary

Defined by Sarah Mitchell, CPA | Reviewed by: James Okafor, EA | Updated May 2026

Full Definition

IRS Form 433-A is the Collection Information Statement for Individuals — the personal financial disclosure required from business owners facing TFRP assessment, personal income tax debt, or personal guarantees of business tax debt. Form 433-A requires disclosure of: all personal and joint bank accounts, personal real estate and equity, vehicles, retirement accounts (with current values), life insurance cash value, stocks and investments, business interests, personal monthly income (all sources), and personal monthly expenses. The IRS uses Form 433-A to assess personal ability to pay — particularly in TFRP situations where the business itself has little or no assets. Business owners who own homes, retirement accounts, or other significant personal assets may find those assets targeted in TFRP collection even if the business is insolvent. Careful completion of Form 433-A with qualified tax representation is essential — the form creates a sworn financial disclosure and errors can expose business owners to fraud liability.

Why This Matters for Businesses With Tax Debt

Understanding IRS Form 433-A — Individual Collection Information Statement is essential for any business owner navigating IRS enforcement or business tax debt. This term directly affects the resolution options available — including whether tax debt financing is a viable solution, how federal tax liens affect the business, and what the IRS can legally collect.

Related Tax Terms

• Trust Fund Recovery Penalty
• IRS Form 433-B
• Responsible Person

Is Your Business Facing This Situation?

Tax Funds connects businesses facing IRS enforcement — including 941 payroll tax debt, federal tax liens, bank levies, and TFRP assessments — with specialized financing that pays off the IRS directly. Apply below — no obligation, no upfront fees, decision in 24-72 hours.

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Full Name *

Business Name *

Email Address *

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Phone Number *

Type of Tax Debt *-- Select Tax Debt Type --IRS 941 Payroll Tax DebtFederal Tax LienIRS Bank Levy (Active Now)Trust Fund Recovery Penalty (TFRP)State Tax DebtOIC Bridge FinancingMultiple Types

Approximate Tax Debt Amount *-- Select Amount --$10,000 - $25,000$25,000 - $50,000$50,000 - $100,000$100,000 - $250,000$250,000 - $500,000$500,000+

Business State *

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What enforcement actions are active? How long has the debt been owed? Any upcoming deadlines?

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Sources: IRS.gov; Internal Revenue Code (IRC); IRS Publications 1, 594, 1660, 594. Tax Funds is a financing marketplace — not a lender, CPA firm, or law firm. Content is for informational purposes only and does not constitute tax or legal advice.