OFFER IN COMPROMISE An OIC allows a taxpayer to pay a lesser amount to satisfy the entire tax obligation debt. During the approval process, the IRS investigates a taxpayer’& rsquo; s economic scenario as well as compares the taxpayer’& rsquo; s whole tax financial debt to their current monetary condition. If accepted into the OIC program, the taxpayer will certainly undergo continuous review of their monetary standing to make sure that they can not manage to make bigger tax repayments.