What is actually The IRS Offer in Comprise ( OIC ) And Also How Does It Work ? Earnings tax is a sort of tax levied by the government on individuals , corporations , as well as other entities . The IRS collects revenue tax obligation from the residents of the United States as well as it is the task of the IRS to make certain that the taxes are paid in a timely manner . The IRS has a system called the Offer in Compromise , which allows people that owe back taxes to leave paying them off . This is a lawful arrangement between you as well as the IRS that you will certainly concur to pay off your back taxes in a specific means , in exchange for some compassion . If you have actually been incapable to pay your back taxes due to the fact that of a clinical emergency or due to the fact that of other unforeseen circu...