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URL:  http://boards.fool.com/example-1-previous-year-taxes-were-900-2-30832374.aspx

Subject:  Re: Two Related Tax Issues Date:  8/19/2013  11:15 AM
Author:  Opv1419 Number:  119031 of 123001

Example:
1.) previous year taxes were $900
2.) less than $1,000 is owed for the current tax year

The lowest safe harbor is $0, item 1.


Thanks for mentioning the 110% rule, as I failed to mention it seeing that it does not apply in our case. And, thanks for the clarification. I can see how the particular criterion that might be met could change in any given year depending on the amount of taxes paid and whether there is a substantial increase or decrease in ones taxable income. And, I can