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Reply to "If you've ever owed the IRS ..."
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[quote=Anonymous]give me some insight on how it works. 2013 was my spouse's first year of being self-employed, and although we tried to be very careful about withholding, for various reasons it appears we will owe the IRS at least $5000 when it's all said and done. If we paid it immediately it would almost clean out our savings and we will have no way to replenish them for another 1.5-2 years. What kind of payment plans do they offer? What is the procedure?[/quote]
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