Filling Out IRS Form 9465 for an Installment Agreement: What You Need to Know

Filling Out IRS Form 9465 for an Installment Agreement: What You Need to Know

If you’ve considered resolving your tax debt with an IRS installment agreement, you’ve probably encountered Form 9465. Officially known as the Installment Agreement Request, this document allows you to apply for a monthly plan based on your inability to pay in full.

While online installment applications are available, select circumstances call for using the written form. Keep reading to learn how it works:

Who Can Use Form 9465?

Before you proceed, confirm that you qualify for installments. This option is typically not available to those who are capable of paying all owed taxes within 120 days. Currently operating businesses that owe employment or unemployment taxes must handle applications over the phone instead.

Good news: if you’ve filed your returns and paid your taxes on time for the past five years, you almost certainly qualify for the guaranteed installment agreement — assuming that this time, you’re incapable of paying up right away. To qualify, you’ll need to agree to complete your installments within three years.

Required Information

If you determine you’re a good candidate for completing Form 9465, be prepared to enter the following details:

  • Contact information
  • The amount owed as displayed on your tax return
  • The amount you’re able to pay each month
  • When you want to make payments
  • Direct debit details

Depending on your situation, you may also need to submit information on your health insurance coverage, any court-ordered payments you’re obliged to make, and your spouse’s income. Finally, you’ll need to pay the application fee: $107 if you use direct debit or $225 if you prefer other payment methods.

Do you need help with applying for an IRS installment plan? Our team at the Highland Tax Group can guide you every step of the way. Contact us today to learn more about our tax resolution services.