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Some relaxation is given to those who can prove their standing for falling short of declaring their foreign assets. However, those who don’t declare their property for lessening the tax liability are criminals as per the federal and state taxes. No compromise was observed in the past by the IRS with any of the tax evaders. But now the situation is changing as they are stewarding this kind of a very open and safe, voluntary disclosure program. Keep in mind, the status of the Offshore Voluntary Disclosure Program (OVDP) Lawyer is still uncertain. It is at the disposal of the IRS, and they can pull it away, anytime. So, be quick and hire a quality lawyer. At the end of the day, you will not get such a fantastic chance of legalizing the money you have in your foreign accounts.