OFFER IN COMPROMISE An OIC enables a taxpayer to pay a lesser total up to satisfy the entire tax obligation debt. Throughout the approval procedure, the IRS checks out a taxpayer’& rsquo; s economic scenario and compares the taxpayer’& rsquo; s entire tax obligation financial obligation to their existing monetary condition. If accepted right into the OIC program, the taxpayer will certainly go through continual testimonial of their financial condition to ensure that they can not pay for to make larger tax obligation payments.