How do I go about doing my taxes and having the IRS accept monthly payments until my taxes are paid? 3 Answers as of February 09, 2012

A petition for a payment plan should be submitted on your behalf. If accepted, you will be allowed to make regular payments on taxes owed. I would urge you to have a qualified and experienced tax attorney review the assessment to determine first and foremost whether the tax is actually due in the amount assessed-the IRS is not always right or fair. Other options are available, depending upon your circumstances and in some cases you can compromise the amount they claim is due. Seek the help of a competent tax lawyer who is experienced.

Contact IRS ask them for installment payment agreement. They will want your financial information to see how much your payments can be. They are usually easy to work with for installment payment agreements.

First, have an accountant prepare and file any tax returns that have not been filed. Once you get a bill, you can call IRS and request a payment agreement. If the balance due is less than $25,000.00, you can propose the amount you want to pay and IRS will accept it without asking questions. If you owe more than $25,000.00, you will have to provide them with a completed financial questionnaire (Form 433A) and they will tell you how much you have to pay monthly. An offer in compromise might also be possible, but you will need the help of an accountant or a tax attorney to do that.