IRS’s Streamlined Installment Agreement. 

1. Eligibility: Taxpayers who owe less than $50,000 can qualify.
2. Payment Method: Must agree to automated direct debit or payroll deductions to avoid a tax lien.
3. Duration: The agreement spans up to 72 months or until the Collection Statute Expiration Date (CSED) is reached.
4. Process: These agreements can be completed online.
5. No Federal Tax Lien: These agreements do not require the IRS to file a public notice of a federal tax lien.
6. Monthly Payment Calculation: The formula for the monthly payment is provided: Balance due / 72 = monthly payment.