IA 107: Exploring IRS Form 9465, Installment Agreement Request

• Instructor: Attorney Bob Schaller
• Lectures: 3
• Quizzes: 1

Exploring IRS Form 9465, Installment Agreement Request.

Form 9465, Installment Agreement Request, can be used by an individual taxpayer who cannot pay the full amount owed as shown on a tax return or on a notice sent by the IRS.  Form 9465, Installment Agreement Request, initiates the request for a monthly installment agreement or payment plan.

Form 9465 is not the solution for every taxpayer.  Individual taxpayers can use Form 9465 under the following circumstances:

• The taxpayer owes income tax on Form 1040;
• The taxpayer is or may be responsible for a Trust Fund Recovery Penalty;
• The taxpayer owes employment taxes related to a sole proprietor business that is no longer in operation (for example, as reported on Forms 941, 943, or 940); or
• The taxpayer owes an individual shared responsibility payment under the Affordable Care Act.