NOTE: If you qualify for the Guaranteed Installment Plan which calls for a 36 months payment plan, in most cases, you can choose (and the IRS will accept) payment over 72 months (See streamlined plan below).

For the Year 2018

$
$
Guaranteed Installment plan monthly payment:

$
$
Balance owed
$
- less advance payment
$
=
$
Divided by 36 =
$
Note: IRS will add interest and penalties each month until paid in full that will total about 
$
or average of
$
 per month

OR... to make a smaller advance payment:

Streamlined installment plan monthly payment:

$
Balance owed
$
- less advance payment
$
=
$
Divided by 72 =
$
Note: IRS will add interest and penalties each month until paid in full that will total about 
$
or average of
$
 per month

Basic requirements for Guaranteed and Streamlined Installment plans are the same:

  • You are not currently on a payment plan for late taxes.
  • You are not in bankruptcy.
  • No installment agreement secured in the previous 5 taxable years.
  • You agree to make all payments on time.
  • Payments must be between 1st through 28th of each month.
  • You agree to pay the balance within the time frame provided.

What's next?

The next step is filling out Form 9465 Installment Agreement Request which is used for both Guaranteed and Installment plans.

  • Form 9465 Installment Agreement Request is a two page form.
  • You may only need to complete Page 1 and not Page2 (Part ii) unless you defaulted on an installment agreement in the past 12 months.
  • If the amount you owe is not more than $50,000 and you will be making your payments by direct debit from your checking account Form 9465 is the only form you will need to file to apply for an installment agreement
You have already completed 50% of the details that need to entered onto Form 9465

  • The amounts you entered and the calculated results provide the figures to put on lines 5 through 11b of Form 9465


PLEASE NOTE: The calculations, tools, and information provided on this website are strictly limited to U.S. Federal Individual Income Taxes reported on Form 1040 and should not be relied upon for state, corporate, or other taxes. (This website not affiliated with the I.R.S. or any other tax authority).