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January 9, 2009



Tax freedom comes late to Northeast

NEW YORK (CNN/Money) - Like an a cappella group singing in four-part harmony, states across the country have, in staggered fashion, begun to ring in their "tax freedom day."

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Alrtia to record $1B in tax benefits; lifts outlook

NEW YORK (MarketWatch) -- Altria Group Inc. said Thursday it plans to record roughly $1 billion in tax benefits in the first quarter following the conclusion of an examination of its tax returns running from 1996 through 1999 by the Internal Revenue Service. Click here for more info

Like-kind exchanges good tax move

Question: I have investment property and want to exchange it for another similar property to defer tax on my gain. What are the rules regarding like-kind exchanges?

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