Q:

What is included on a federal 9465 tax form?

A:

Quick Answer

Federal tax form 9465 includes the taxpayer's personal information, the name and address of the taxpayer's bank and employer, total tax owed, and how much the taxpayer can pay monthly, says TurboTax. The amount of tax included with form 9465 is also indicated.

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Full Answer

The 9465 form is a short form and is sent in when taxpayers are asking the IRS for an installment plan to pay taxes. If the taxpayer elects to make monthly payments by electronic funds withdrawal, he must also provide this bank account and routing number on the form, says TurboTax.

The IRS guarantees acceptance of the installment plan request if all of the taxpayer's tax returns and payments were all filed and paid on time and the taxpayer was not already on an installment agreement, according to TurboTax. Additionally, the taxpayer's request for an installment agreement must be out of necessity and not a preference for the taxpayer, and the current debt must be less than $10,000.

If the agreement includes more than three years to pay off the tax balance, the taxpayer must agree to comply with all tax laws for the duration of the agreement. This means the taxpayer must ensure he files all future tax returns on time, as noted by TurboTax. If he does not, the IRS can cancel the installment agreement and request full payment.

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