OFFER IN COMPROMISE An OIC permits a taxpayer to pay a lesser quantity to please the entire tax financial obligation. Throughout the approval procedure, the IRS checks out a taxpayer’& rsquo; s financial circumstance as well as contrasts the taxpayer’& rsquo; s whole tax financial obligation to their current financial condition. If approved right into the OIC program, the taxpayer will go through continual testimonial of their financial standing to make certain that they can not afford to make bigger tax obligation payments.