There is a new method in Microsoft Outlook to report phishing alerts directly to Microsoft.

Here's how to do that. 

1. While in Outlook, navigate to your inbox, and locate the email. (Note, you do not need to open the email, just find where it is.)

2. Right-click on the email, this will open a pop-up bar of options on what to do with the email. It will look like this:

3. You're looking for the Phish Alert button all the way at the bottom, click on this, then click Phishing Alert to confirm.

This will send it to Microsoft, and removes it from your Inbox.