IRS penalties and the interest charged on them can dramatically increase your tax debt—but there are three major ways taxpayers may qualify to have IRS penalties removed, including a new automatic penalty exemption beginning in 2026. In this video, CPA Logan Allec explains reasonable-cause relief, First Time Abatement, the new Automatic Exemption from Penalty, and what each option can and cannot eliminate. Call 866-8000-TAX (866-800-0829) for a free consultation. Book online: choicetaxrelief.com/free-tax-relief-consultation If you owe the IRS or your state at least $10,000—or have multiple years of unfiled tax returns—you may qualify for a free consultation with Choice Tax Relief. In this video: - When the IRS may accept reasonable cause - Why documentation is essential - How IRS First Time Abatement works - Why “first time” does not necessarily mean once in your lifetime - The new Automatic Exemption from Penalty beginning in 2026 - Which penalties may be eliminated - Wha...