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Beyoncé, Taylor Swift and the Black Eyed Peas are among the megawatt stars set to perform Jan. 31 at the 52nd Grammy Awards in Los Angeles, it was announced on Tuesday.

Country cutie Swift, whose eight nods are second only to leading nominee Beyoncé’s 10, will also present at the show, an inside source told PEOPLE on Tuesday.

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Ask Taylor Swift for one word to describe her life these days and the answer is easy: “Happy,” she says. “It feels like this ongoing dream.”

And why shouldn’t it? Swift – who graces the cover of PEOPLE’s 25 Most Intriguing People of 2009 – has lots to celebrate: In the past 12 months, she has seen her CD, Fearless, become the year’s best-selling album, sold out tour dates and racked up a slew of accolades including the Country Music Association’s Entertainer of the Year award and eight Grammy nominations.

“You can stay the same person, even if everything around you changes,” says the golden girl, 20, of the trappings of her fame. “I would like to think everybody out there isn’t just waiting for me to trip and fall and stumble out of a club drunk.”

“People know I’m not a party girl,” she says. “I’m not hiding some dying urge to be out clubbing right now.”

Swift shares PEOPLE’s year-end honors with the most unforgettable entertainers, scene-makers and headline-generators of 2009: Hollywood’s fabulous philanthropists Brad Pitt and Angelina Jolie; Mo’Nique; Barack and Michelle Obama; Sandra Bullock; Neil Patrick Harris; governor gone rogue Sarah Palin; kidnap survivor Jaycee Dugard; Rihanna and more.

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For her 20th birthday, Country singing cutie Taylor Swift held a Christmas themed party for her band, crew, family and friends at her family’s Tennessee home. Taylor told People magazine that “It’s more like an end-of-year Christmas party that happens to be on my birthday”.

“Something I wanted to do at the end of this amazing year and especially on my birthday was give back to something I really believe in, which is education,” Taylor said.

Putting others before herself on her birthday, Taylor donated $250,000 to schools around the country that she had either attended or worked with over the years. The donation with help fund school programs, buy books and help to pay the teachers’ salaries.

“The schools that I went to and the amazing people I got to learn from really turned me into who I am, and I wanted to give back.”

She has a heart of gold!

Swift’s rumored boyfriend, Taylor Lautner was said to be with Swift on her birthday after the two were spotted together at the Pancake Pantry in Nashville on Monday afternoon.

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I love winter.

I’m laying on the couch, wearing fuzzy red and white socks. In my peripheral vision is a giant, lit up Christmas tree. This is my favorite time of year. Hands down.

I just got back to Nashville this morning after being in LA all week. Today I was out and about and in the studio all day, and when I drove home, I saw this strip of restaurants on Main Street in my hometown.. I’ve driven that road and seen those restaurants four billion times since we moved here almost six years ago. Somehow they’ve never looked as perfect and welcoming as they did tonight. It was Sunday night and there were cars jammed into every last parking spot available. I could see the smoke billowing out of fireplace chimneys into cold winter air. It’s the holidays. People are coming together and going out for dinner and something about seeing that just stuck with me. I love everything about this time of year, but mostly the way that people find ways to be with the ones they love. And I love sweaters. Everyone is wearing sweaters right now.

I was talking to my producer, Nathan, today about everything that’s happened this year. We were being nostalgic and going back to this time four years ago, three years ago, two years ago.. Now this year. We just.. can’t believe it. Earlier this week, he had a last-minute-get-over-here-right-now-and-celebrate party at his house, because the news had just broken: We were nominated for 8 Grammy’s. I remember calling him and hearing the screaming voices of the drummer and the bass player and the mixers and publishers who helped put this album together. He put me on speakerphone, and we all screamed together. I couldn’t stop saying “I love you” to them, just like I can’t stop saying “I love you” to you. Part of me can’t fully wrap my mind around the idea that this sort of thing could happen to me. At the end of the phone call, I said to them “Please, never forget tonight. This night is a gift we never thought we’d get.” and then, of course, “I love you so much!!!”

I’m about to be in New York City at Christmas time. I’m playing the Z100 Jingle Ball (never played it before. SO excited!!) and probably spending some time just wandering around looking up at the sparkly store displays and stuff. And counting down to my birthday. I’m only a teenager for another week! I’m starting to practice saying “Twenty” when people ask me how old I am. Weird. Cool? I guess it’s inevitable, so.. Awesome!

Thank you again for everything you guys have done to make all of these magical things happen to me. Please drive safely when you’re out shopping. I hope you have an awesome holiday season. Again, I love you!

lovelovelove

-T-

Billboard’s Top Female Artists of 2009

1. Taylor Swift
2. Beyonce
3. Lady Gaga
4. Miley Cyrus
5. Britney Spears
6. Pink
7. Katy Perry
8. Kelly Clarkson
9. Rihanna
10. Keri Hilson

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No one puts Taylor Swift in the corner. Country’s new golden girl is seeking justice, after a sting operation in Idaho revealed a small sports bar was ripping her off, TMZ reports. Taylor is now involved in a copyright infringement lawsuit lead by Broadcast Music, Inc.

BMI collects license fees on behalf of people in the music industry and distributes them as royalties to those members whose work is performed.

According to the lawyer connected to the case, BMI enlisted someone to investigate the situation at The Sports Cellar bar sometime last year, and the investigator noticed the bar was playing Taylor’s songs, which they had not paid for the rights to, TMZ reports.

Taylor’s stolen music was also used for Karaoke at the bar!

The songstress is suing for unspecified damages — but compared to the millions she is making right now, the Idaho income is very minimal.

Things were just going to smoothly for Taylor. Last week the Pennsylvania-born singer swept all four categories at the Country Music Awards, including the big honor of entertainer of the year.

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Taylor Swift has hinted that she is dating Taylor Lautner.

The pair have previously denied persistent reports that they are an item. However, Swift has now suggested that the rumours are true.

During an interview on The Paul O’Grady Show, the host asked: “Is there any truth in the rumor of romance between you and Taylor Lautner. I mean, we just want to know that he’s good enough for you, will treat you right.”

Swift replied: “Well, what do you think? Boy, you are direct aren’t you?”

O’Grady continued: “Well we just want to know you are being looked after and that he’s good enough for you.”

The 19-year-old responded: “I’ll have to tell him that then.” She then received a loud cheer from the studio audience.

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