Part 2 - Exceptions to the Addition to Tax 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by reviewing Line 1, where you will enter either 90% of your current year's tax or 100% of the previous year's tax, whichever is smaller. Ensure that this amount is not less than $250.
3. Proceed to Lines 2 through 8, entering the installment due dates and calculating any payments made by those dates. This will help you determine if there are any underpayments.
4. For each exception listed in Lines 10 through 14, carefully evaluate your situation against the criteria provided. Enter amounts as applicable based on your calculations from Part 4 if claiming Exception 2, 3, or 5.
5. Once all relevant fields are filled out, review your entries for accuracy before saving or exporting your completed form.

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