Tax

The Internal Revenue Service, along with state tax agencies and the tax industry, is cautioning tax preparers to beware of a new phishing scheme revolving around emails claiming to be from a tax software education provider.

A look at the provisions of the Senate plan and how they differ from the House version of the legislation.

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.