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 a form used to request an installment agreement with the 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 IRS Form 9465?A: Individual taxpayers, as well as businesses, can use IRS Form 9465 to request an installment agreement.

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

Q: Are there any fees for requesting an installment agreement?A: Yes, there is a fee to set up an installment agreement. The fee amount varies depending on how you choose to make your payments and your income level.

Q: What happens after I submit IRS Form 9465?A: The IRS will review your request and notify you of their decision. If approved, they will provide further instructions on how to make your installment payments.

Q: Can I change or cancel my installment agreement?A: Yes, you can change or cancel your installment agreement by contacting the IRS. However, there may be additional fees or penalties for making changes to your agreement.

Q: What if I can't afford the proposed payment amount?A: If you can't afford the proposed payment amount, you may need to provide additional financial information to the IRS to determine a more manageable payment plan.

Q: What if my installment agreement request is denied?A: If your installment agreement request is denied, you may need to explore other options such as an offer in compromise or a partial payment installment agreement.