Did you check "no" on your Schedule B part III line 7a?

Did you check "no" on your Schedule B part III line 7a? http://ift.tt/1nJ78xL Did you check "no" on your Schedule B part III line 7a when the correct answer should have been "yes?" Do NOT freak out. Willful FBAR penalties are not automatic. Willfulness requires more than making a mistake on Schedule B. The IRS agrees: "The mere fact that a person checked the wrong box, or no box, on a Schedule B is not sufficient, by itself, to establish that the FBAR violation was attributable to willful blindness. " In this video I explain why this mistake is so common, and why you need to get a tax lawyer with "Offshore Chops" as recommended by Forbes in this article: http://ift.tt/1jIW5PG To learn more about all of the 2014 OVDP changes, watch my OVDP webinar. Sign up here; http://ift.tt/URFeVp #OVDPlawyer #OVDPattorney http://ift.tt/1qnwFuB Anthony Parent