Glossary

Collection Information Statement (CIS)

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A Collection Information Statement (CIS) is a detailed financial disclosure form that taxpayers submit to the IRS when applying for tax relief options, such as Installment Agreements, Offers in Compromise, or Currently Not Collectible (CNC) status. The form provides the IRS with an overview of the taxpayer’s financial situation, including income, expenses, assets, and liabilities.

Common forms used as part of the CIS include:

Form 433-A (for wage earners and self-employed individuals).
Form 433-B (for businesses).
Form 433-F (a simplified version for certain taxpayers).

The IRS uses the information from the CIS to determine the taxpayer’s ability to pay their tax debt and to evaluate whether a payment plan or other relief option is appropriate. It’s important for taxpayers to complete the CIS accurately, as any discrepancies may lead to delays or denial of their relief request.

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