Owing taxes can feel like a heavy burden; especially with life happening every day, and in every way. What is an Offer in Compromise? An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability or doing so creates a financial hardship. -IRS definition Two questions you may want to consider before proceeding with an Offer in Compromise (OIC). Do I know what caused the t