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Normally the IRS wants taxes on income received over the course of the year paid quarterly in proportion to the income. If a person pays only 2nd, 3rd, and 4th quarter estimated taxes and that amount only satisfies 30% of the taxes that will be due for 2000, will penalties and interest be owed for not paying enough even though the amount of estimated taxes paid are way more than 109% of 1999?
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