How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Richard Your Own Question
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55132
Experience:  29 years of experience as a tax, real estate, and business attorney.
Type Your Tax Question Here...
Richard is online now
A new question is answered every 9 seconds

If I want to pay my tax bill in installations, how do I do

Customer Question

If I want to pay my tax bill in installations, how do I do that?
JA: When we are ready I'll take you to the appropriate web page.
Customer: how long will that take?
JA: I'm trying to find the right Accountant for you right now. As soon as they are ready, I will let you know.
Customer: ok
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I am filing my taxes today. I owe $11,500. I was planning to send in $5000 today and then make payments on the rest. How do I do that?
JA: Is there anything else the Accountant should be aware of?
Customer: Nope.
Submitted: 2 months ago.
Category: Tax
Expert:  Richard replied 2 months ago.

Hi! My name is Richard & I will be helping you today! It will take me a few minutes to type a response to your question. Thanks for your patience!

Expert:  Richard replied 2 months ago.

Good afternoon. This is easily done. Once you send in your return with the $5,000, you will get a letter from the IRS within 30-60 days notifying you of the balance due. At that point, you can call the number in the letter and set up an installment arrangement with the IRS by phone, or, since the amount owed is under $50,000 and you can pay it within 72 months, you can do it online without speaking to an agent.

Thank you so much for allowing me to help you with your question. I have done my best to provide information which fully addresses your question. If you have any follow up questions, please ask! If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service as Good or Excellent (i.e., 4 or 5 stars)(hopefully Excellent/5 stars!). Otherwise, I receive no credit for assisting you today. I thank you in advance for taking the time to provide me a positive rating!