2026 Tax Filing Starts, Silver still on a tear, lookout 1099s are coming


Romeo Razi, CPA

Jan 26th

Tax Season 2025: "time to buckle up"

January 26, 2026 - the day the IRS music starts, and for the rest of us, the financial dirge begins.

That's right, filing season officially opens today. But before your sprint toward your refund like it's a Taylor Swift ticket drop, let's talk about what's really going on behind the IRS curtain.

Thanks to the OBBBA (One Big Beautiful Bill Act), Americans got two things: a boatload of tax breaks, and....drumroll please.... IRS org chart restructuring.

⚙️📉Goal: Modernizing the IRS and cutting wasteful spending
🏛️🧱Reality: Bureaucratic Jenga.

IRS new plan (or rearranging deck chairs on the titanic!?)

The IRS promises a "significant personnel and operational reorganization" to modernize the agency. Translation: lots of new titles, fewer actual humans answering phones.

The agency is bleeding staff faster than the Titanic took on water. Retirements, buyouts, and attrition have gutted headcount just as Congress passed the most complex tax overhaul in years. It's like asking someone to perform open-heart surgery with a fork while the patient's running a marathon.

What this means for you:

📁 File early
↳ The longer you wait, the deeper in the muck you'll be
↳ Get ahead of the backlog and inevitable delays

Double-check everything
↳ Mistakes will take months to fix, not weeks
↳ Errors could mean waiting until summer for your refund

Expect delays
↳ Call hold times will make Dante's Inferno feel brisk
↳ Assume chaos. Pray for competence.

So yes, the IRS is open for business, and ready for you to file. But think of it as the DMV on April 15th, with fewer chairs and worse coffee.


🏠 Housing Corner

Interest rates jumped the last couple of weeks. All the news is that housing's stagnant, and owners aren't lowering prices fast enough.

On top of that, POTUS meandering in the Middle East isn't instilling any confidence in the housing market back home.

💹

Interest Rates


6.43%

🏡 🏡 🏡
Inventory


705,663

🧊

Days on Market


126 days

Here's a quick list of the housing stats over the last 1 weeks:

🏠 Mortgage rates: 6.43% (up a quarter point)
📈 Inventory: 705,663 homes (up sellers, less buyers)
📉 Price reductions? 33.4% (overall pricing adjustments still going down)
💰 Median list price? $434,900 (but median prices going up)
🕰️ Days on market? 126 (moving a little quicker).


Market Highlights

Everything down. Appearantly markets don't like war.


~ S&P 500 $6,369 (-2.81%)

~ Nasdaq $20,948 (-4.16%)

~ BTC $66,468 (-5.75%)

~ Silver $68.90 (-1.48%)

~ Gold $4,489 (+0.40%)


🚨Upcoming Tax Deadlines you should be aware of:

🚨Two more weeks!

🗓April

  • 🏢April 15th - C Corporations (techies, I'm talking to you)
  • 🏢April 15th - Doomsday.
  • 🏢April 15th - 2026 Q1 Estimated Tax Payment due

🗓May

  • 🏢May 15th - Non-profit tax returns due.

What's been going on with your Favorite CPA

Tax season is here, and as you can imagine, I'm quite busy...but one of my friends cooked me dinner last night, so that's a win!


If there is anything specific you want me to cover in the upcoming weeks, please let me know.

Until next time ❤️

Romeo Razi, CPA

Taxedright.com

600 1st Ave, Ste 330 PMB 92768, Seattle, WA 98104-2246
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