I might get backlash for this advice, but If you are considering bankruptcy, you might want to first consider quitting any job that is providing you income and going on unemployment. Once you have done that for a while, go ahead and take a look at this: http://www.irs.gov/Individuals/Offer-in-Compromise-1

If you are unable to legitimately pay (not working and unable to find work by being on unemployment) you will be able to qualify for the irs' settlement plan.

You are facing being broke either way, your basically going to have to figure out how long your going to be broke...