Glossary

Form 9465 – Installment Agreement Request

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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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