Sept. 16 IRS deadline for tobacco quota holders to participate in like-kind exchange

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2005-08-03
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Virginia Tech. University Relations
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An announcement by the Internal Revenue Service may help some Virginia tobacco farmers postpone their tax liability on payments they expect to receive under the provisions of the Tobacco Buyout. Farmers must take action by Sept. 16, said Daniel Osborne, Virginia Cooperative Extension farm business management agent at Smyth County.

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