Learning
IRS: Taxpayers Now Have More Options to Correct, Amend Returns Electronically; Determing the Value of Donated Property
"The Internal Revenue Service announced today that more forms can now be amended electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) and Forms 1040-PR, Self-Employment Tax Return – Puerto Rico." "Taxpayers can also amend their return electronically if there is change to their filing status or to add a dependent who was previously claimed on another return." more »
Testimony of Steve McCraw, Head of the Texas State Police, On the Ulvade Killings
DPS Director Steve McCraw on Uvalde shooting and police response: " I don't believe, based on the information that we have right now, that that door was ever secured," Mr. McGraw said. "There's no way to lock the door from the inside. And there's no way for the subject to lock the door from the inside." "I challenge this chief to testify in public."Why didn’t someone try to a least check the door handle to make sure it was locked?" more »
White House Task Force to Address Online Harassment and Abuse
"Survivors and experts highlighted the offline impact of online abuse, ranging from psychological distress and additional negative health impacts, to self-censorship, disruptions to education and economic loss, as well as experiences of other forms of physical and sexual violence. Participants noted that online harassment and abuse disproportionately impacts women, girls – especially women and girls of color – and LGBTQI+ individuals. Participants also provided concrete recommendations to prevent and respond to online harms." more »
"Let's start at the beginning" ... Federal Reserve Post About Lessons Learned on Normalizing Monetary Policy: "Additional insight that only experience can bring"
"So, it should not have been a surprise that the policy rate would rise fast in 2022. Rate hikes would need to be larger and more frequent, relative to the 2015-2018 tightening pace, to get back to neutral. Looking back, should the Committee have signaled a steeper rate path once the liftoff criteria had been met? Perhaps another lesson is that giving forward guidance about liftoff should also include forward guidance about the possible path of the policy rate after liftoff." more »