Instructions for IRS Form 9465 Installment Agreement Request

IRS Form 9465 Installment Agreement Request

This document contains official instructions for IRS Form 9465 , Installment Agreement Request - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 9465 is available for download through this link.

FAQ

Q: What is IRS Form 9465?
A: IRS Form 9465 is used to request an installment agreement from the Internal Revenue Service (IRS).

Q: What is an installment agreement?
A: An installment agreement is a payment plan that allows taxpayers to pay their tax debt over time.

Q: Who can use Form 9465?
A: Individual taxpayers, businesses, and self-employed individuals can use Form 9465 to request an installment agreement.

Q: How do I fill out Form 9465?
A: You will need to provide your personal information, tax liability details, proposed monthly payment amount, and other related information.

Q: Is there a fee for requesting an installment agreement?
A: Yes, there is a fee for setting up an installment agreement, although certain low-income taxpayers may qualify for a reduced fee.

Q: What happens after I submit Form 9465?
A: The IRS will review your request and notify you of their decision. They may approve your request, request additional information, or deny the agreement.

Q: What if I can't afford the proposed monthly payment?
A: If you can't afford the proposed monthly payment, you may need to negotiate with the IRS to adjust the payment amount.

Q: Are there any alternatives to an installment agreement?
A: Yes, there are several alternatives, such as an offer in compromise or temporarily delaying collection until your financial situation improves.