About Form 9465, Installment Agreement Request
Each year, many Americans file their tax returns and discover that they owe more income tax than they can afford to pay immediately. Additionally, many taxpayers owe back taxes and have no idea how to pay their tax debt.
Fortunately, the Internal Revenue Service (IRS) has a program that allows taxpayers to pay taxes in monthly installments instead of in a large, one-time, lump sum. If you find yourself in this position, filing Form 9465: Installment Agreement Request with the IRS will allow you to implement an installment agreement. But keep in mind that penalties and interest on the overdue balance will still accrue until you pay the taxes owed.
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