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In this tutorial, the presenter explains how to correctly format dates in Excel. If the date column is not formatting correctly using the format cells option, it may be because the dates are in text format. To convert the text format into the date format, go to the data tab, click on text to columns, select 'delimited,' choose the date format (e.g., mdy), and click on finish. The presenter also demonstrates how to customize the date format using the format cells dialog box.