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IRS Tax Penalties & Interest Explained: How Americans Get Hit (And How to Reduce or Remove Them)

YouTubeSmart Money Habits

IRS Tax Penalties & Interest Explained: How Americans Get Hit (And How to Reduce or Remove Them)

Missed a tax deadline or underpaid? The IRS doesn’t just send a bill — it stacks penalties and interest fast. In this episode, we break down how the IRS calculates tax penalties & interest in the US — and how you can request an abatement to reduce or remove them legally. You’ll learn: • Late payment vs late filing penalties • Daily ...

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