Letter 484C asks you for a collection information statement. The IRS sends it when it needs current financial information before it can approve, change, or continue a payment arrangement on a balance you owe. Its title is "Collection Information Statement Requested (Form 433F/433D); Inability to Pay."
Individuals are usually asked for Form 433-F, Collection Information Statement. Businesses may be asked for Form 433-B, Collection Information Statement for Businesses.
Why You Got It
- Your installment agreement was suspended because new tax was assessed, and your current monthly payment no longer covers the total balance under IRS guidelines.
- The financial statement the IRS has on file is more than a year old.
- The IRS is reviewing whether your account should be treated as currently not collectible, and the financial information on file is incomplete or out of date.
The letter may state the minimum monthly payment the IRS can accept without financial information. If you can pay that amount, say so. If you can't, complete and send the financial statement.
What to Do
- Complete the form the letter names. List all income, expenses, assets, and debts. Be accurate. You sign it under penalties of perjury.
- Attach the supporting documents the form asks for.
- Send it within 30 days of the letter date, to the address on the letter. Use certified mail and keep copies.
- If you need more time, call the number on the letter before the 30 days run out.
If You Don't Respond
Without current financial information, the IRS can't set up a payment plan based on what you can afford. Your existing agreement may end, and collection can move forward. Paying what you can in the meantime reduces penalties and interest.
If you received Letter 484C and need help with the financial statement or payment plan, call us at (813) 229-7100.