Skip to main content
TurboTax
Community
TurboTax
TurboTax
N
nishantgupta01
Level 2
March 26, 2022
Solved

Splitting Payments to IRS

  • March 26, 2022
  • 2 replies
  • 47 views

hi,

 

My question may not be related to any turbotax product. I owe $75000 to IRS for year 2021 due to capital gains from stock sales. Now i am unable to pay the full $75k in 1 shot. I would like to pay around 25k now and then the 50k i would like to pay via the monthly payment plan (let's say 10k every month). Is that possible?  Another question i have is, will i able to pre-pay more than $10k every month if possible, or will i have to stick to the agreed amount of $10k ?

 

Thanks

    Best answer by PattiF

    Yes, you can pay $25k now and set up payments monthly. You can pay more than the agreed-upon amount to pay your tax bill more quickly. 

     

    Here is a link with information on how to set up an IRS installment plan.

    2 replies

    E
    Alumni - Champ
    ee-eaAlumni - Champ
    Alumni - Champ
    March 26, 2022

    See this

    https://www.irs.gov/payments/online-payment-agreement-application

    P
    PattiFAnswer
    Level 15
    March 26, 2022

    Yes, you can pay $25k now and set up payments monthly. You can pay more than the agreed-upon amount to pay your tax bill more quickly. 

     

    Here is a link with information on how to set up an IRS installment plan.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Explore your options
    Terms & ConditionsAccessibility statement
    Sitemap
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2026 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    About Cookies Manage cookies

    TRUSTe nResult Certified e-File C-Level Security Certification
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Copyright © Intuit Canada ULC, 2026. All rights reserved.

    About Cookies Manage cookies

    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

    © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

    À propos des témoins Gérer les témoins