All OIC forms in PitBullTax Software have been updated and are ready to use.
Key Updates
Form 433-A (OIC):
- Personal Assets: IRC §6334(a)(2) exemption increased to $11,980 (up $270 from 2025), automatically applied to furniture and personal effects.
- Business Assets: IRC §6334(a)(3) exemption increased to $5,990 (up $130 from 2025).
- New Question: Indicates whether the taxpayer is incarcerated; if yes, an Inmate Number is required.
Form 433-B (OIC):
- Updated business asset exemption to $5,990 for 2026.
Form 656:
- Application fee remains $205.
- Low Income Certification table updated - higher thresholds may impact eligibility for waiving the $205 application fee and initial payment.
- IRS now prioritizes payments via EFTPS or Individual Online Account (IOLA), though checks and money orders payment options remain available if needed.
Important Reminders
- Seeing old forms? Press Ctrl + F5 to refresh. Clearing cache may also help.
- If you prepared an OIC but haven’t filed yet, review and update using the latest forms and IRS standards. We anticipate additional updates to IRS standards in the next week or two.
Questions? Contact our support team at 954-748-2855, we’re here to help.
Posted at 05/26/2026 09:51:43 AM
