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The IRS hits everyday people with penalties they can’t afford… while the wealthy get those same fines wiped clean with one sentence most Americans have never heard of. 26 U.S. Code §6722 was written to punish late or incorrect tax forms — but there’s a hidden escape clause called the “reasonable cause exception.” Rich individuals, corporations, and their accountants use it to erase thousands in penalties instantly. No audit. No back and forth. Just gone. You file late — you pay. They file late —
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