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In the spring I had three clients call me shocked at receiving the penalty for not making estimated payments. After I hound them for years to make payments, and nothing happens when they don't, as soon as I ease off, this is a priority for IRS. "Oh well, I'll make the estimated payments; I didn't know." Uh, yes. Yes, you did know. Sorry, that's not helpful; I just wanted to say it.

Penalty abated Max. Many thanks ! !

You can get the penalty waived by call the PPS. They will look at your prior 3 years and ifthere were no penalties, they will normally abate the penalty. A denial can be appealed after receiving the rejection letter. If you use the paper route, print FTA (First Time Abate) at the top of form 843. https://www.irs.gov/newsroom/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018 The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year through federal income tax withholding,quarterly estimated tax payments or a combination of the two. The usual percentage threshold is 90 percent to avoid a penalty.Jan 16, 2019