OFFER IN COMPROMISE An OIC permits a taxpayer to pay a minimal total up to satisfy the entire tax financial debt. During the approval procedure, the IRS examines a taxpayer’& rsquo; s financial scenario and contrasts the taxpayer’& rsquo; s whole tax financial obligation to their current economic status. If approved right into the OIC program, the taxpayer will go through constant evaluation of their monetary standing to guarantee that they can not afford to make bigger tax settlements.