BUSINESS

Time Warner Gets Well-Timed Tax Break In AOL Spinoff

07/02/2009 05:12 am ET | Updated May 25, 2011

Time Warner's plan to distribute AOL stock to its shareholders in a tax-free transaction is benefiting from a little-noticed change last year in the rules governing "hot stocks."

In this case, "hot stock" doesn't mean shares with a rapidly rising price, it means shares that can trigger a tax liability.

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