Everything You Need to Know About Form 9465

What is Form 9465?
Form 9465, also known as the Installment Agreement Request, enables taxpayers to set up a structured payment plan with the IRS if they are unable to pay their tax bill in full at once. It’s available for individuals, self-employed workers, and businesses.

Who Should File Form 9465?
You should file Form 9465 if:

• You owe $50,000 or less in combined tax, penalties, and interest, and have filed all required returns.
• You want to make monthly payments rather than a lump-sum payment.
• You’re seeking to prevent IRS collection actions while arranging payment.

When to File Form 9465
You can file the form at any time after receiving your tax bill. However, submitting it as soon as possible reduces additional penalties and interest.

Key Information Required

• Taxpayer identification number (SSN or EIN)
• Amount owed and proposed monthly payment
• Bank account information for automatic withdrawals (optional but preferred)
• Employer, income, and expense details if proposing a low monthly payment

Why It Matters
Filing Form 9465 allows you to:

• Avoid severe IRS collection actions like wage garnishment or property liens.
• Stay compliant while paying over time.
• Protect your credit by maintaining an approved agreement.