Four Seasons Tax & Accounting Inc.

02/19/2026

🚨 ATTENTION: The 1099-DA is here!

If you use Coinbase, check your email or log in to your account ASAP. The new IRS Form 1099-DA (Digital Asset Proceeds) is officially landing in inboxes, and you cannot ignore this one.

What you need to know:

The IRS already has a copy: This isn't just an "information" form for you; Coinbase has sent this data directly to the IRS.

The "Cost Basis" Trap: For 2025, many 1099-DA forms only show your Gross Proceeds (the total amount you sold). If you just enter that number without providing your "Cost Basis" (what you paid), the IRS may assume your cost was $0 and try to tax you on the entire sale amount.

Crypto-to-Crypto counts: Even if you didn't cash out to a bank account, those trades from BTC to ETH are on this form and are taxable events.

Don't file your taxes until you've downloaded this form and reconciled it with your records. If you've already filed, you may need to look into an amendment.

Send a message to learn more

02/01/2026

🕒 Overtime Tax Update

On the Federal level, "tax-free overtime" is now law. Under the One Big Beautiful Bill Act, you can deduct up to $12,500 ($25,000 for joint filers) of your "Premium Overtime Pay" (the extra "half" in time-and-a-half) directly from your federal taxable income.

In Wisconsin, a matching state-level credit is still pending final signature in Madison, but I am monitoring it daily.

Since most 2025 W-2s won't break this number out, providing a final year-end paystub or an employer report will allow me to accurately calculate this deduction for your return.

12/16/2025

The Tax Deadline Train is Leaving the Station! 🚂

It's been a busy few weeks of year-end planning, and here's your friendly accounting PSA: There are only TWO WEEKS left in 2025!

If you're a business owner, this is your absolute last window to make capital purchases that could significantly lower your 2025 tax liability.

Why the Rush? Thanks to tax laws for 2025, you can often write off the full cost (100% deduction) of qualifying equipment, tools, computers, or other business assets. But the asset must be placed in service by December 31st.

Don't leave money on the table just because the clock ran out⏳

11/17/2025

📅 Year-End Tax Planning Alert: New Car Purchase Strategy (2025)

Thinking about buying a new vehicle? The timing of your purchase matters for your 2025 tax return.

The One Big Beautiful Bill Act (OBBBA) introduces a significant NEW DEDUCTION for auto loan interest, effective starting this year.

🌟 For the first time, you can deduct up to $10,000 of interest paid on a loan for a NEW personal-use vehicle.

This deduction is "Above-the-Line"—it saves you money even if you take the standard deduction.

To qualify for the 2025 deduction, the loan must have originated in 2025.

To ensure your purchase qualifies for this deduction, the vehicle must meet these specific criteria:

1. Vehicle Status: Must be Brand New (original use must begin with you).

2. Assembly Location: The Final Assembly must have occurred within the United States.

3. Loan Status: The loan must be secured by a first lien on the vehicle and must have originated in 2025.

If you are currently deciding on a new car purchase, completing the financing and taking delivery before the end of the year secures your deduction for the interest paid in 2025. Be sure to confirm the U.S. assembly requirement before finalizing the purchase. Keep your loan statement and the Vehicle Identification Number (VIN) for your 2025 tax filing.

11/06/2025

🚨 TAX ALERT: Paper Refund Checks are Going Away! 🚨

The IRS has announced a major shift: The phasing out of paper tax refund checks for individual taxpayers begins September 30, 2025, as part of a move to all-electronic federal payments.

What This Means for You:

After this date, refunds will be issued primarily via Direct Deposit or other secure electronic methods (like prepaid debit cards).

This change is designed to reduce fraud and speed up refund times (electronic refunds often arrive in under 21 days vs. 6+ weeks for a check).

If you still rely on a paper check, you must provide bank account information for direct deposit on your next tax return to avoid delays.

10/29/2025

🚨 Heads Up: New Overtime Tax Break for Your 2025 Tax Return

The new "One Big Beautiful Bill Act" (OBBBA) introduces a special tax deduction for a portion of the overtime pay you earn starting in 2025.

Here are the simple rules you need to know:

It's a Deduction, Not a Credit: This deduction lowers the amount of income the Federal government can tax you on.

What Qualifies? Only the premium portion of your overtime pay qualifies for this deduction. Think of it as the "half" in your "time-and-a-half" pay rate (e.g., if you make $30/hour for overtime, the $10 extra is what qualifies).

Maximum Benefit: You can deduct up to $12,500 of this qualifying overtime pay per year (or $25,000 if you are married and file jointly).

Who Qualifies? This is mainly for non-exempt (hourly) employees whose overtime is required under the federal Fair Labor Standards Act (FLSA).

Income Limits: The benefit begins to phase out (reduce) for taxpayers with higher incomes:

Single Filers: Starts phasing out if your income is over $150,000.

Married Filing Jointly: Starts phasing out if your combined income is over $300,000.

Action Step for You: Check your 2025 Form W-2 when you receive it. Your employer should be tracking and reporting your "qualified overtime compensation" separately, which you will need to claim this deduction on your Form 1040.

The Bottom Line: If you work federal overtime in 2025, you could see a meaningful reduction in your taxable income when you file your return in 2026.

10/10/2025

🌟 I'm all about making your life easier during tax time. That's why I deployed TaxDome for our tax firm.

A secure, all-in-one hub for working with us, right from your desktop or mobile app.

With your TaxDome client portal, you can:

📅 Book Appointments: Easily check my availability and schedule a virtual meeting in just a few clicks.

🧾 View & Pay Invoices: See your billing details and pay invoices quickly and securely online.

📸 Scan Documents on the Go: Use the mobile app's built-in scanner to send us clear copies of your documents instantly. No need for a separate scanner.

📤 Securely Manage Documents: Upload tax documents, download tax returns, and sign tax forms with a simple e-signature.

💬 Chat Directly: Use the secure chat for real-time questions and communication—no more sensitive data flying around in email.

We've made working with us fast, secure, and incredibly convenient.

Existing and new clients can access the portal to log in or register:

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10/01/2025

🌟 BIG NEWS: Four Seasons Tax & Accounting is officially relaunched 🌟

The website is finished, the client portal is humming, and I am officially open for business!

🚨 URGENT DEADLINE ALERT! 🚨

With the October 15th extension deadline rapidly approaching, it's time to finalize those last-minute tax filings. If you haven't filed yet, please do so ASAP! The penalty for failure to file is often the steepest and most costly penalty you can face.

Need help wrapping things up?

Visit fourseasonstaxandaccounting.com today to get started and book an appointment through the client portal.