The tax code is full of complicated loopholes and deductions that require professional translation. So I called a bunch of accountants and tax lawyers and asked them: What are your favorite, most confusingly named deductions — and what do they actually mean?
Intangible Drilling Costs
"The government will pay you to dig a hole in the ground," says Howard Rosen, a CPA in St. Louis. "You can write it all off immediately."
The cherry blossoms are finally in bloom in Washington, D.C., and what better way to celebrate these beautiful Japanese gifts than with a haiku? Our callout on Facebook and Twitter yielded hundreds of spring haiku submissions. With the help of Ellen Compton, Roberta Beary and Kristen Deming of the Haiku Society of America, we selected 20 and made videos inspired by the top three.
streetlamps in the haze ... this morning the stone lions catch cherry blossoms — Judy Totts
House Budget Committee Chairman Paul Ryan tells NPR that he's "cautiously optimistic" that a budget deal can be reached with the White House.
Speaking to NPR a day after President Obama unveiled a 2014 budget proposal that includes cuts to Social Security and Medicare, as well as tax increases and new investments in education and infrastructure, Ryan said he was encouraged by the broad outlines from the White House.