re: Anyone ever set up payment plans with the IRS to pay taxes?

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Just filed and set one up through my IRS account. You have setup 3 or 6 month short term plans with minimal penalty but they also have a longer term plan option if needed.

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My hang up is that I attempted to set it up last year and it looked like I did yet they never pulled any money from my account. I’ve accrued minimal interest on last years amount (not even $100). I want to set up a plan to get rid of last year and this year. A 3-6 month plan would be just fine. I just want to make sure I do it right so they do actually pull.

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The 15th is looming, I owe 10K due to taking some money out of an inherited IRA without withholding.

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Intentionally? Even if you're outside the 60 day rollover window, you might have options depending on circumstances.

I set myself up last spring after a 1099 year punched me in the mouth. It was surprisingly simple. I created an IRS Online Account, hit "payment plan," and because my balance was under $50k they approved a long-term installment automatically with no phone call. I picked a draft date that lined up with payday and the first ACH came out the next month.

A few weeks later I had a question about penalty relief, so I ran it by Tax Law Advocates in the middle of the process and they pushed first-time abatement while I kept paying. The combo worked: the plan kept collections quiet and the penalty reduction shaved the balance