Jim in Anchorage Posted January 12, 2011 Share Posted January 12, 2011 (edited) Looks like for various reasons I am going to have a whopper taxbill this year, more than I can pay in a lump sum. Any one have experience with monthly payments to th IRS? I know there's interest involved. Wrong forum I know but I haven't the power to move it. Edited January 12, 2011 by Jim in Anchorage Link to comment Share on other sites More sharing options...
ACor58 Posted January 12, 2011 Share Posted January 12, 2011 (edited) I believe that they will give you an option to pay your tax liability over time, perhaps as long as 6 months. Plan on paying addtional penalties and interest. Edited January 12, 2011 by ACor58 Link to comment Share on other sites More sharing options...
BB27 Posted January 12, 2011 Share Posted January 12, 2011 Looks like for various reasons I am going to have a whopper taxbill this year, more than I can pay in a lump sum. Any one have experience with monthly payments to th IRS? I know there's interest involved. Wrong forum I know but I haven't the power to move it. Talk to a good tax lawyer. They will be able to give you good legal tax advice. The money you spend on the lawyer will be very well spent. Link to comment Share on other sites More sharing options...
IDBillzFan Posted January 12, 2011 Share Posted January 12, 2011 Talk to a good tax lawyer. They will be able to give you good legal tax advice. The money you spend on the lawyer will be very well spent. This is very sound advice. Or... Don't pay it, and run for public office. That seems to work pretty well for some. Link to comment Share on other sites More sharing options...
erynthered Posted January 12, 2011 Share Posted January 12, 2011 I owed for 09. My accountant set up my "easy payment " plan with the IRS for 2010. Link to comment Share on other sites More sharing options...
Captain Caveman Posted January 13, 2011 Share Posted January 13, 2011 http://www.youtube.com/watch?v=sHjlM5A1jME Link to comment Share on other sites More sharing options...
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