OFFER IN COMPROMISE An OIC allows a taxpayer to pay a lesser amount to satisfy the entire tax obligation debt. Throughout the authorization procedure, the IRS checks out a taxpayer’& rsquo; s financial situation and compares the taxpayer’& rsquo; s whole tax debt to their existing financial standing. If approved right into the OIC program, the taxpayer will undergo continuous testimonial of their monetary condition to make certain that they can not pay for to make bigger tax obligation payments.