Tax

The Internal Revenue Service issued a warning Thursday cautioning taxpayers and tax professionals about a new scam revolving around the Electronic Federal Tax Payment System, in which criminals are calling innocent taxpayers demanding they make an immediate tax payment through a prepaid debit card.

Google should be let off the hook from a 1.12 billion-euro ($1.3 billion) tax recovery order in France even though fiscal authorities in the country are seeking to recoup that amount, according to an adviser at the Paris administrative court.

An official from the American Institute of CPAs testified Wednesday before the Senate’s Small Business and Entrepreneurship Committee in favoring of lowering taxes for small businesses as much as corporations.

Senate Republican leaders drafting a measure to revamp U.S. health-care policy appear to be following the same path as their House counterparts—writing a bill behind closed doors before springing it on other lawmakers and the public close to a vote.

Senator Marco Rubio has recruited Ivanka Trump to help promote his proposal for a new enhanced child tax credit.

The top Democrat on the tax-writing Senate Finance Committee said a bipartisan tax deal is impossible if Treasury Secretary Steven Mnuchin can’t commit to an overhaul that avoids giving the highest-earning Americans a tax cut.

Asian-Americans and the EITC; trusting the IRS; and other highlights from our favorite tax bloggers.

Rep. Lloyd Doggett, D-Texas, the ranking Democrat on the House Ways and Means Tax Policy Subcommittee, introduced a “privileged resolution” Tuesday that would require the House to immediately request President Trump’s tax returns and those of his businesses.

The American Institute of CPAs has written a letter to the Internal Revenue Service and the Treasury Department asking them to postpone the effective date of the centralized partnership audit regime for one year until the end of 2018.

The Internal Revenue Service has supplemented its online tax account tool with some new self-service features for taxpayers and their preparers.