How much can I pay back a month?

I have to pay back taxes, I am self-employed. I made $3,000. do I decide how much I can pay back a month or do the IRS decide? As long I pay in back in full within 12 months correct?


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  • I'm not sure but you can go to irs.gov to see if that helps or they have a toll free number that you can call. I do know that if your going to make payments there is a form that you have to file along with your other 1040 paper work. They do charge interest for making payments.

    My guess is that it would be in even amounts 3,000 divided by 12 = $250 + interest.

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What Guys Said 1

  • The IRS will set up a payment plan, but do not miss any payments, it gets brutal if you do.

    Good Luck,

    James

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