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Is it possible for the IRS to take monthly payments?Yes. If you are asking about monthly payments for the balance due on your Form 1040, there is a Form 9465 that you need to fill out and attach to the front of your tax return. Or, if you are responding to a notice received after you’ve already sent in your tax return, file 9465 with the IRS Service Center at the address provided in the instructions for the form.The link below is to the IRS site, with the form and its instructions, and some other information about how to pay what you owe.About Form 9465 | Internal Revenue ServiceOn the other hand, if you are asking about making estimated income tax payments to the IRS based on your business income during the year, or when your withholding from other sources of income during the year is too low, these tax payments are normally made quarterly. I recommend using the quarterly payment method because it’s what the revenue clerks are accustomed to handling. Nor does it need to be a fixed amount. Adjust the amount up or down each quarter based on what you expect to owe by the end of the year. Maybe your business is having a particularly good year, for instance.Penalties and interest for underpayment of income taxes can be steep, so take care with the calculations.However, neither the federal nor any state government is likely to object to receiving tax payments once a month instead of quarterly, but there’s a greater risk of errors. It’s very important that you provide enough information with each check so that it is posted to the correct account, because it will be an aggravation and a struggle to get federal and state employees in those revenue departments to fix a mistake, even if their office is responsible for making the mistake.About Form 1040-ES | Internal Revenue ServiceYes, I am well aware that in the age of the internet these tax payments can be handled electronically. I just happen to like having a cancelled check in hand when talking to employees of huge organizations like the IRS or the telephone company about a posting error, or at least the facsimile of the check as is provided by banks these days.

You will need to file a request for a payment plan:Instructions for Form 9465 (12/2019)

File the most recent year first, then the others right after that. You have four days after filing to pay without penalty for the most current year.You can’t really net it out, as you have to pay for the years you owe, but set up a payment plan for those years. You can pay as little as $25 a month. There’s a small fee to set up the payment plan. Then when you get your refunds be sure to pay off those IRS plans right away. You don’t want to pay the penalties that will ensue if your payment plan goes awry.I am a currently licensed IRS and California State licensed tax preparer and I specialize in helping people who are behind.About Form 9465, Installment Agreement Request This is the paper agreement and instructions page.You may be able to use the online agreement. It is cheaper if you can do that.Online Payment Agreement Application