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Hello, Iamp;#39;m Sara from TurboTax with some important information on getting your tax penalties waived. Not paying your taxes on time without IRS consent, may have pretty severe consequences. Not only do you have to pay interest on the amount you owe until itamp;#39;s paid off, but you may be responsible for penalties which can tack on another 25 percent to what you already owe. However, the IRS is permitted to reduce or completely waive these penalties if you prove to them that you had a reasonable cause. Reasonable cause is a pretty high standard that usually requires extenuating circumstances. For example, losing all your financial documents in a fire or other disaster or suffering from a severe illness may get your penalties waived but remember if you claim that your reason was due to an illness, the IRS may require a lot of proof to be convinced and generally telling the IRS that you are on vacation on the tax deadline or that you didnamp;#39;t realize the deadline was appro