Glossary

Form 9465 – Installment Agreement Request

IRS Form 9465 lets taxpayers request an installment agreement to pay tax debt over time. It details taxpayer info, proposed payments, and due dates. File it with tax returns or when notified by the IRS. Failure to comply leads to penalties and further collection actions. Crucial for those needing structured repayment plans to avoid severe consequences.

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What is Form 9465 – Installment Agreement Request?

Form 9465 is a document issued by the IRS that allows taxpayers to request an installment agreement for paying their tax liabilities over time.

Key Features and Components:

Details of taxpayer and tax liabilities
Proposed monthly payment amount
Payment due date

Relevant Filing or Compliance Requirements:

File Form 9465 along with tax returns or upon receiving a notice from the IRS regarding tax debt.

Penalties or Consequences for Non-Compliance:

Non-compliance with installment agreements may result in additional penalties, interest, and potential collection actions by the IRS.

Importance in Tax Resolution and Financial Compliance:

Form 9465 is crucial for taxpayers facing difficulties in paying their tax debts in full immediately, providing an avenue for structured repayment and avoiding more severe consequences of non-payment.

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