Tax

The long-awaited Obamacare replacement plan from Senate Republicans wouldn’t do much to preserve coverage for millions of poor and working-class people, but it would deliver tax cuts to the wealthiest Americans.

The IRS is warning a new set of Individual Taxpayer ID Number holders to renew.

Stolen names and SSNs; ‘substantial’ fees in a $1.1 million scheme; Canadian conspiracy; and other highlights of recent tax cases.

The number of victims of employment-related identity theft is far larger than previously estimated and the Internal Revenue Service’s processes aren’t able to keep up, according to a new report.

Senate Republicans’ proposal to replace Obamacare would provide an additional $50 billion over four years to stabilize insurance exchanges, relying on a mechanism Republicans have criticized in the past as a way to keep insurers in the marketplace.

The measure would eliminate Obamacare’s tax increases, including a 3.8 percent net investment income tax, a 2.3 percent levy on medical device sales, a 0.9 percent Medicare surtax and a 10 percent indoor tanning tax. But a tax on expensive “Cadillac” employer-provided plans would be delayed, as in the House measure.

Senate Republicans are beginning to learn the details of the health-care bill they may be asked to vote on next week, with senators saying the measure envisions a more gradual transition away from Obamacare than the House-passed version.

The solution provides guidance on tax inquiries input by practitioners who need more information on localized laws.

The Internal Revenue Service reopened its Preparer Tax Identification Number system Wednesday after closing it earlier this month because it lost a lawsuit over registration and renewal fees. 

Madoff victims still wait; suing the IRS anonymously; where tax dollars go; other highlights from our favorite tax bloggers.