IRS Form 9465 Installment Agreement Request, is used to request a monthly installment payment plan if you cannot pay the full amount you owe as shown on your federal tax return. It is highly recommended that you pay a portion of the amount you owe and request an installment payment plan for the remaining balance. Form 9465 is available in all versions of TaxAct and can be electronically filed with your return.To enter or review information for Form 9465 Installment Agreement Request in TaxAct, please follow these steps:
- From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
- Click Miscellaneous Topics to expand the category and then click IRS installment payment plan request
- Click Yes to enter or review data.
- The program will proceed with the interview questions for you to enter or review the appropriate information
NOTE: If you choose, during the entry of your information for Form 9465, to set up monthly Electronic Funds Withdrawals for your installment request you will be prompted to enter your banking information. Then, when you proceed through the electronic filing steps you would want to select Mail a Check on the screen titled E-Filing - Federal Balance Due Options. You do this because in the event the IRS does not approve the installment request, the Form 1040-V voucher that will print with the return is what you would use to submit payment. You would NOT want to enter your banking information under the Direct Withdrawal selection because that would result in the entire amount being withdrawn all at once. The banking information for Form 9465 you would have already entered in the Q&A section for Form 9465. In a later screen during the filing steps you will be prompted to view and/or print the Federal E-File Instructions. Those instructions will explain that filing Form 9465 does NOT guarantee your request for a payment plan and that the IRS will contact you to notify you of the status of your request for an installment plan. You WOULD NOT mail Form 1040V, but keep it with your records and wait for the IRS to contact you about the installment agreement. It would only be needed if they reject your installment request.