CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Western CPE now has new business hours to better serve you! We are now open Monday through Friday, 8:00 AM – 8:00 PM EST, and Saturday & Sunday, 10:00 AM – 6:00 PM EST.

Because of changes to the withholding tables, the IRS is generally waiving the penalty for any
taxpayer who paid at least 80% of their 2018 total tax liability during the year through federal
income tax withholding, quarterly estimated tax payments or a combination of the two. To
request the waiver, an individual must file a Form 2210, complete Part I, and check the waiver
box (Part II, Box A).

If the client already paid an estimated tax penalty based on the prior IRS notice allowing a waiver
if 85% of taxes had been prepaid, a refund can be claimed on Form 843. Include the statement
“80% waiver of estimated tax penalty” on Line 7.

Note. The usual percentage threshold to avoid a penalty is 90% of current year tax. The
penalty is also waived if withholding and estimated tax payments are at least 100%
(110% for some) of prior year tax.

Recent Stories

Next Up...

On October 1, 2026 Governor Gavin Newsom signed SB 711 (McNerney, Stats. 2025, Ch. 231)
1 min read
A charitable contribution deduction of $25.8 million on a syndicated conservation easement (SCE) is denied
5 min read
Claiming partnership losses without sufficient partnership basis records comes with consequences when the Tax Court
3 min read