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In this video, Amanda explains how to request the removal of IRS fines and penalties using Form 843. She addresses common situations where individuals may face penalties, such as being unable to file Form 1040 due to personal circumstances or S corporation owners who failed to pay themselves as employees. These scenarios often lead to late filing of individual or payroll tax forms, resulting in penalties and interest. Amanda aims to guide viewers through the process of requesting penalty waivers from the IRS, emphasizing her mission to simplify financial complexities for business success.