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In this video tutorial, Brian Kim, a certified public accountant, discusses how to get out of penalties with the IRS or state, specifically focusing on personal taxes. The three most common penalties covered are late filing, late payment, and underpayment. To avoid these penalties, you need to provide a reasonable cause or a good excuse for your situation. Some common reasonable cause excuses include medical emergencies, natural disasters, and ignorance of the law. Remember, giving a reasonable cause is key to getting out of these penalties.
