Yes, there are different payment plans for different situations. Here are two common installment agreements the IRS offers:
Direct Debit Installment Agreement (DDIA): In this agreement, you pay through direct debit, which is automatic monthly payments from your checking bank account.
Streamlined Installment Agreement (SIA): These plans are meant for businesses with up to $25,000 in tax debt or individuals with up to $100,000 in tax debt. The terms and timelines of a streamlined agreement may vary depending on your situation.