Use Form 9465 to request a monthly instalment payment contract (payment plan) if you are unable to pay the full amount listed on your tax return (or in a message we sent you). Most instalment payment agreements meet our optimized tempetaux payment criteria. The maximum duration of a streamlined agreement is 72 months. In some circumstances, you may have more time to pay or enter into an agreement for less than the amount of tax you owed. Payment plans are generally available to anyone who owes taxes equal to or less than $25,000. It is important to carefully manage your payment plan in order to avoid a payment default. This means that all necessary payments will be made on time. In addition, you must file all tax returns on time, without missing future tax payments, in order to keep your payment plan up to date. Your payment plan may be cancelled if you do not stay up to date for the duration of the plan or if you do not meet all future tax obligations. You must also agree that the Virginia Department of Taxation may apply all future state refunds to your credit until the end of your payment plan. Please note that you may be subject to penalties and collection efforts if your plan is cancelled due to your failure to comply with the contractual terms. By accepting your request, we agree that you pay the tax you owed in monthly instalments, instead of immediately paying the full amount.
In return, you agree to make your monthly payments on time. You agree to provide updated financial information upon request. If you request IRS instalment payment contracts, an IRS collector checks your collection of information in the form 433-A. This gives them information about your finances. The IRS collector can use this information to determine how much you can pay monthly. Unfortunately, every IRS collector can take another destination. You have considerable leeway in determining what you can pay. You should work with a tax attorney who can negotiate this amount with the IRS collector and find an amount you can afford. Use the drop-down list below to enter the total number of months you are requesting for the instalment payment contract.
Remember that you can not exceed six months. Your first instalment payment is due on the 15th of the month following the submission of this form….