Tax Financial Statement Calculator
Calculate IRS Form 433-A/B/F financial analysis for collection resolution.
Monthly Expenses
Assets
Financial Summary
Net Income:$ 4000/mo
Expenses:$ 2900/mo
Disposable:$ 1100/mo
Tax Debt:$ 30000
Total Equity:$ 130000
Quick Sale:$ 65500
RCP Analysis
Asset RCP:$ 65500
Income RCP:$ 132000
Total RCP:$ 197500
RCP covers debt - IA or full payment
IRS Expense Standards
| Category | Actual | Allowed | Variance |
|---|---|---|---|
| Housing/Utilities | $ 1700 | $ 1700 | Within standard |
| Food | $ 400 | $ 327 | Exceeds standard |
| Transportation | $ 300 | $ 300 | Within standard |
| Health Care | $ 200 | $ 200 | Within standard |
| Clothing | $ 100 | $ 103 | Within standard |
| Miscellaneous | $ 200 | $ 157 | Exceeds standard |
| TOTAL | $ 2900 | $ 2787 | Exceeds by $113 |
Asset Analysis
| Asset | Value | Debt | Equity | Quick Sale |
|---|---|---|---|---|
| Cash/Bank Accounts | $ 5000 | $ 0 | $ 5000 | $ 5000 |
| Investments | $ 10000 | $ 0 | $ 10000 | $ 8000 |
| Retirement Accounts | $ 50000 | $ 0 | $ 50000 | $ 0 |
| Real Estate | $ 200000 | $ 150000 | $ 50000 | $ 42500 |
| Vehicles | $ 15000 | $ 5000 | $ 10000 | $ 7500 |
| Other Assets | $ 5000 | $ 0 | $ 5000 | $ 2500 |
Payment Capacity
| Option | Monthly | Duration | Total | Ratio |
|---|---|---|---|---|
| Full Payment IA | $ 250 | 28 months | $ 30000 | 100% |
| Disposable Income Payment | $ 1100 | 28 months | $ 30000 | 100% |
Recommendation
Streamlined IA available. Disposable income ($1100) exceeds $417 minimum payment. No Form 433 required for Streamlined. Apply online. Direct debit payment required.
Form 433 Key Points
- IRS uses national/local expense standards
- Actual expenses may exceed standards
- Quick sale value for assets
- Retirement often exempt
- RCP determines collection potential
- Disposable income = net - expenses
- Form 433-A for individuals
- Form 433-B for businesses
- Form 433-F simplified for CNC
- Sign under penalty of perjury