OFFER IN COMPROMISE An OIC allows a taxpayer to pay a lesser total up to please the entire tax obligation financial debt. Throughout the authorization process, the IRS examines a taxpayer’& rsquo; s monetary circumstance and also contrasts the taxpayer’& rsquo; s whole tax obligation debt to their existing financial status. If approved into the OIC program, the taxpayer will go through continuous testimonial of their economic standing to guarantee that they can not pay for to make bigger tax payments.