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Business Report Thursday, October 6, 2011 Business Assets - Use Them or Lose Them By Jean Murray, About.com Guide Reading IRS memos isn't much fun, because they contain strange phrases like "putting an asset into service." It's important to understand this kind of phrasing, so you can make sure you get the tax benefits you want. So, let's look at the concept of putting an asset into service. Tax Deductions for Business Assets If you buy a business asset, like, say, an airplane, you get
