Hi everyone,
I’m planning to use our 2025 tax savings, which total **$10,000**, to buy land in my home country. I found a piece of land for **$5,000**.
My idea is to:
1. Pay **$5,000 to the IRS** toward our tax bill.
2. Use the remaining tax savings to buy the land.
3. Set up an **installment plan with the IRS** for the remaining tax balance, which would be about 7–9% interest.
Basically, instead of taking a loan to purchase the land, I want to use part of our tax savings and pay the remaining tax over time.
Is this a legal/acceptable approach? Could I get in trouble with the IRS if I do this?
Thanks