The third alternative is to take a chance -- estimate what your income will be, and pay that.

If you can show 90 percent of the income came in the fourth quarter, your penalty will be diminished, goes away or will only be for the fourth quarter.

I've always lived above my income. When I was earning $100 a week, I spent $200... always borrowing against my future earnings. That's why I'm not the only one who wants me to be a success.

When you start tying all these systems together, it becomes a chain, and there's always the chance you'll have weak links. What happens, for example, when you rely on an application that feeds the shop floor system the bit of information you're looking for and that application fails?

There are two things you don't want to get -- a letter from the IRS and a letter from the draft board. They're not calling up to say hello,

You do have the opportunity to catch up, so you can try to truncate the penalty,