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I thought that once you selected either: Method (1) 100% of last years taxes; or Method (2) 90% of current year's taxes -- you are stuck with FIXED quarterly payments using whatever method you initially selected.

That's correct. However, if you are using Method (3) the annualized method, then you calculate your taxes each quarter and pay the appropriate tax. (Note a quarter is not always 3 months in the eyes of the IRS)
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