Ask HN: Owe over $100k US backtaxes. Not sure what to do.

I did not file for a couple years while doing affiliate marketing. I got an estimated IRS tax bill of well over $100k. After a CPA filing, I still owe over $100k in backtaxes and I don't have it. I emptied the bank account and worked out a monthly plan, but basically the IRS wants all my after tax earnings for 5 years. I'm not really sure what to do now.

I know I deserve snarky you are stupid and you are an idiot comments. I'm wondering if there's anything else I can actively do to lessen the burden, or interest or penalties, or if there is something outside the you're screwed for next 5 years plan. I have already talked to a CPA, but they seem to vary greatly in quality and knowledge. The one I got to file my taxes seemed pretty cookie cutter. I haven't talked to a tax attorney, and considering my stressed finances, I'm not sure if it makes sense to.

edit: I am now a salaryman. The installment plan monthly amount due to my high cost location ends up being total after tax dollars minus rent and very frugal and basic living expenses. I could move to a cheaper location (which I am considering), but that doesn't seem to address the more immediate and core problem.

I'd get a tax attorney if at the least for the free one-hour consult most offer - preferably one that doesn't advertise on late night TV. I am not an attorney, just a guy on the internet so take my advice for what it's worth.

I think the last step for you is the Offer In Compromise - in simple form you'll show them how much your net worth is, and give it to them. In return they'll retire your tax debt. Obviously, it's going to depend on how much you are worth/vs owe, and if they think you operated in good faith or not. You need to not be in bankruptcy, and current on all filings to offer it. They also will come down HARD on you if you miss any filings/payments for 5 years after.

Email me. Contact info in profile. The IRS cannot waive interest. That's the law. They can waive penalties but not just because. There has to be a reason. The IRS has procedures to follow. It's a bureaucracy. See if you can fit yourself in the rules. (The rule book is the Internal Revenue Manual and it is online).

I will put you in touch with someone who is good at this.

Appeal to authority: I am a tax lawyer.

I have a great accountant. He has helped a lot of people and fought the IRS. I am sure he can help http://www.manta.com/c/mt17npq/patrick-frawley-associates

I promise you I am not the accountant himself :) and this is not a spam comment. He can help!