Paul Diaz's Blog

Homeowners who make energy-efficient improvements to their homes after January 1, 2023, can avail of tax credits up to $3,200, with specific credit amounts based on the type of improvement. This initiative aims to encourage energy efficiency and sustainability in residential properties. Energy Ef...

This came out in The Miami Herald:Commentary: What’s the most likely thing a home warranty will guarantee for you? HeadachesIn a recent — and unusually puffy — puff piece in a pay-to-play real estate publication, two agents sang the praises of home warranties. But in truth, home warranties are no...

Did you know that March 29th is National Vietnam War Veterans Day?  How do you even being to approach this topic?  Happy National Vietnam Veterans Day just doesn't seem right.  Do you offer condolences to those that lost friends and family during that war? I lived in Vietnam during that war.  I ...

A new report by the Treasury Inspector General for Tax Administration (TIGTA) found the number of federal employees who are delinquent on their taxes increased by 32% between 2015 and 2021. Still, the IRS has devoted minimal time to finding them.TIGTA's data analysis from the IRS's Federal Employ...

Tax season can be unpleasant for many taxpayers, especially if you owe money to the Internal Revenue Service (IRS) or a state revenue department. The one thing you can do is, be proactive and prepared and engage a tax resolution specialist to help guide you. If you owe back taxes to the IRS, read...

Here are some stats put out by the IRS and complied by Kiplinger. These stats appeared in a recent Kiplinger Tax Letter.The tax burden on high-incomers rose sharply for 2020, per IRS statistics.The top 1% of individual filers paid 42.31% of all U.S. income taxes, up from 2019’s figure of 38.77%. ...

Filing taxes can be daunting for many individuals, but it is necessary to manage your finances. This article will cover everything you need to know about filing taxes for 2022. Know Your Filing Status Your filing status is an important consideration when filing taxes. There are five filing status...

A recent blog post by the Government Accountability Office (GAO) called upon Congress to better protect taxpayers from unscrupulous preparers by giving the IRS the authority to establish professional requirements for paid preparers.The GAO made the call after finding high error rates among unenro...

Are you experiencing this in your market? Comment below.Interesting interview - excerpt below …Nadia Evangelou is senior economist and director of real estate research at the National Association of Realtors. This conversation has been lightly edited for length and clarity. Phil Rosen: You don't ...

The United States tax system requires reform. A critical aspect of this reform is the need to lower marginal tax rates while ensuring more people participate in the tax system. This can be achieved by reducing the number of people who pay zero taxes and instead receive refundable tax credits, suc...