New Relaxed Installment Agreement Rules — Form 9465-FS

Glen frost

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The IRS has recently announced a set of relaxed rules on setting up Installment Agreements for individuals owing between $25,000 – $50,000.  The IRS will no longer require a financial Collection Information Statement (Form 433-A or Form 433-F ),  for these taxpayers and will allow them to setup streamlined installment agreements.  This only applies if the taxpayer is willing to setup a Direct Debit Installment Agreement.  The IRS has developed a new form: 9465-FS to be used for taxpayers meeting the above criteria. Additionally, the IRS will allow taxpayers the opportunity to pay the balance over a 72 month period, as opposed to the 60 month period that has been traditionally offered.


Form 9465-FS can be used by an individual who meets any of the following criteria:

  1. Who owes income tax on Form 1040,
  2. Who may be responsible for a Trust Fund Recovery Penalty,
  3. Who was self-employed and owes self-employment or unemployment taxes and is no longer operating the business,
  4. Who is personally responsible for a partnership liability and the partnership is no longer operating, or
  5. Owner who is personally responsible for taxes in the name of a limited liability company (LLC) and the LLC is no longer operating.

The instructions to this form can be found here:


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