Results 1 to 4 of 4

Hybrid View

  1. #1
    Join Date
    Jul 2007
    Location
    Florida
    Posts
    2,344

    Default Re: Non Collectible Status/Form 433-F

    Unemployment is not wage income. There is a separate line/box for listing unemployment. If you are umemployed then you have no wage information to list. No, you do not send account statements with the form. The IRS will request them specifically if they question anything you tell them. They can also independently verify pretty much anything regarding bank account information independently themselves.

  2. #2
    Join Date
    Jun 2008
    Posts
    23

    Default Re: Non Collectible Status/Form 433-F

    Thanks for the reply. I own both a car and a motorcycle that are financed. Do you know if the IRS will make me sell the motorcycle in order to put me on Non Collectible Status? Its obvioulsy not a necessary means of transportaion. I have tried selling it already, but I have had no luck.

  3. #3
    Join Date
    Jul 2007
    Location
    Florida
    Posts
    2,344

    Default Re: Non Collectible Status/Form 433-F

    They cannot make you sell anything, but they can set your payment schedule to them (and any wage levy they may impose in the future) based on the information you give to them. If you had many substantial assets they could confiscate those and auction them off like they did with Willie Nelson, but I don't think you're quite there.

    1. Sponsored Links
       

Similar Threads

  1. Establishing Title for Untitled Rare and Collectible Cars
    By RJFranken in forum Vehicle Registration and Title
    Replies: 4
    Last Post: 01-05-2011, 11:58 AM
  2. Marriage: Marriage of a Foreigner in the States, Changing Status Form Tourist to Permanent
    By Recipe7 in forum Visas for Business, Tourism and Family
    Replies: 1
    Last Post: 04-09-2010, 10:11 AM
  3. Is IRA a Collectible Asset
    By s5msu in forum Child Custody, Support and Visitation
    Replies: 5
    Last Post: 01-19-2010, 04:37 PM
  4. Collectible Guns
    By dotman in forum Estate Planning, Administration and Probate
    Replies: 1
    Last Post: 10-27-2009, 10:15 PM
  5. H Visas: H1b to H4 Visa Status Change - How to File Form I-539
    By m_mov in forum Visas for Business, Tourism and Family
    Replies: 1
    Last Post: 06-05-2009, 12:23 PM
 
 
Sponsored Links

Legal Help, Information and Resources