OFFER IN COMPROMISE An OIC permits a taxpayer to pay a lower quantity to please the whole tax debt. Throughout the approval process, the IRS checks out a taxpayer’& rsquo; s financial situation and contrasts the taxpayer’& rsquo; s entire tax financial obligation to their present financial condition. If accepted into the OIC program, the taxpayer will go through continual testimonial of their economic condition to guarantee that they can not manage to make bigger tax obligation settlements.