OFFER IN COMPROMISE An OIC permits a taxpayer to pay a minimal quantity to please the entire tax financial obligation. Throughout the approval procedure, the IRS checks out a taxpayer’& rsquo; s monetary scenario and also contrasts the taxpayer’& rsquo; s whole tax debt to their present economic standing. If approved right into the OIC program, the taxpayer will be subject to continual testimonial of their economic standing to guarantee that they can not afford to make bigger tax repayments.