Hi Diane,
Thanks for the response.
You are using a different exception to confirm my hypothetical scenario.
I am talking about specifically the "100 / 110%" exception. The reason I'm making this distinction is the 100 / 110% exception also suggests that someone with a tax liability of something miniscule, say $50, one year and 100 million the next year would only have to pay $50/55 in estimated taxes to avoid the penalty if they chose not to pay any estimated taxes on the 100 mil. (Whereas your exception would not imply this).
Can you confirm?
