IRS transcript code

TC-694 — what it means for the case

Transaction Code 694. Indicates the IRS received an Offer in Compromise. Collection is suspended while the OIC is under review. Also called OIC. For tax professionals — not a consumer decoder.

Definition

Transaction Code 694. Indicates the IRS received an Offer in Compromise. Collection is suspended while the OIC is under review.

What it means for a resolution case

Pending OIC tolls CSED. Do not run a second OIC narrative until this one’s fate (accept, reject, return, withdraw) is on the transcript.

Related codes

TC-780 · TC-971 ·

Where RESO uses it

Core Discovery reads these postings from Account transcripts and surfaces them as findings — not as a raw code list. The ledger stays Tier IRS. Client memory does not overwrite it.

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