IRS Form 433-A is used to obtain financial information to determine how a wage earner or self-employed person can pay an outstanding tax liability. Individuals are required to truthfully report income on this form. In one case, a doctor worked as a contractor and had no tax withheld and didn’t pay taxes or file tax returns. He submitted a Form 433-A so the IRS could craft a payment plan. A federal court ruled that he falsified his income. On a credit application, he claimed double the monthly income that he showed on Form 433-A. He also didn’t report assets such as bank accounts he used to pay personal expenses. Therefore, he was convicted of tax evasion. (Crandell, DC CA-5, 7/07/23) Contact us to learn more. © 2023