OFFER IN COMPROMISE An OIC permits a taxpayer to pay a minimal amount to satisfy the entire tax financial debt. During the authorization process, the IRS explores a taxpayer’& rsquo; s monetary circumstance and compares the taxpayer’& rsquo; s entire tax financial obligation to their present monetary standing. If approved right into the OIC program, the taxpayer will certainly undergo constant review of their economic status to make sure that they can not pay for to make bigger tax repayments.