Richmond, Va. (Feb. 2, 2004) -- The newly formed National Alliance of Tax Business Owners, a nonprofit business league representing independent tax business owners, has been granted tax-exempt status by the Internal Revenue Service.

NATBO, which hopes to organize independent tax businesses to compete more successfully with national firms, was organized in November 2003 by Charles E. McCabe, founder of Peoples Income Tax Inc. of Richmond, Va.

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