Tax

Mobile no more; Nigerian citizen pleads guilty in $12-million fraud; Ontario man pleads in phony-refund scam; and other highlights of recent tax cases.

The Internal Revenue Service didn’t properly implement some provisions of the PATH Act aimed at reducing improper payments for refundable tax credits, instead allowing an estimated $152 million in credits, according to a new report.

The Senate bill reduces the deficit by $420 billion, the CBO said, compared with the $321 billion in deficit reduction in an earlier version, giving Republican leaders additional money they can use to court holdout votes. Much of the increased funding comes from a decision to no longer cut taxes on the wealthy.

A former Credit Suisse Group AG banker who pleaded guilty to conspiring to help Americans hide income and assets from the Internal Revenue Service is cooperating with U.S. prosecutors in a bid for the sort of leniency her former colleagues received.

An old banking procedure could add another layer of security to IRS return processing.

Retailers are hoping to entice back-to-school shoppers this summer.

A group of 16 House Democrats has sent a letter to the Financial Accounting Standards Board asking it to require multinational companies to disclose more country-by-country reporting information in their public financial statements about where they pay taxes and book profits.

The president may fall short of a single major legislative accomplishment in 2017.

Only 4 percent of respondents to a new poll see taxes as the most important issue facing the country.

Senate Majority Leader Mitch McConnell’s new proposal to simply repeal Obamacare appears to be dead less than 24 hours after he dropped his replacement plan for lack of support among fellow Republicans.