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Look at your TOTAL TAX LIABILITY from last year's return; as long as your AGI is less than 150k in 1999 and you pay in an amount equivalent to the prior year's tax - no penalty.

IOW - you could win the lottery and owe 1 gazillion dollars on April 15th of next year; but as long as you have paid in an amount equivalent to the previous year liability in the form of withholding taxes - no penalty due.

File a new w4 form and tell the payroll chieftan the amount you must have withheld by 12.31.99

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