Get the IRS 433-F _expanded 2017

Hello Amanda Kendall it to resolve tax professionals here today I'm going to walk you through how to fill out a form for 3 3 F this form is going to be used for anyone who wants to set up a payment plan with the IRS and you have a balance under $50,000 but you can't pay it in full in six years to qualify for a streamlined installment agreement or anyone that owes over $50,000 but is not necessarily self-employed or you are assigned to the collections department if you are with a revenue officer you will want to fill out a form for 33a which you can find in another video for this form we are going to be filling this out for James and Amy Johnson if this address is different than the last filed return you would be checking this box in this case it is not so we're going to come down to their county of residence and say that they live in Denver County next section is going to be your social security number this is going to be the person listed first on this form which should match up with person listed first on a tax return you're going to want to into that then you're going to come down and enter then you're going to want to come down and list a phone number for at least one of you if not both of you then the next question is going to be enter the number of people in the household who can be claimed on this year's tax return including you and your spouse it's going to ask you for under 65 and over 65 both James and Amy are under 65 they also have a twelve-year-old son so we're going to put that they have three people to claim under the age of 65 on this year's tax return you can see here that this does ask you if you or your spouse are self-employed it or have self-employment income provide the following information we're going to go ahead and include that here but the form for 33 a is a much better form to use if you are self-employed I'm going to plug in Jay see I in here and he does home restoration but he does not have any employees so we're going to put that next section we get to here is section a this is accounts lines of credits this is going to include any bank accounts CDs retirement accounts 401ks Kiyo's set plans stocks bonds anything that you may have as far as an account so we're going to say they have a bank account with Wells Fargo you would want to put in the address here account numbers can be entered with X's in just the last four digits say they have $100 it is not a business account they also have an account with Chase Bank this is a checking account also with $800 in it they have a savings account with Chase Bank as well that has $100 in it and then James has a business account with Chase Bank it is a checking account it has $1,000 in it and we are going to mark this box to indicate that that is a business account next we're going to come down to real estate we're going to put in the description and location this is a single-family home and it is their home it is their primary residence they have a monthly mortgage payment of...