Summer rentals have been stronger than they have been in years, and purchases of vacation homes are on the rise ...
AI TAX CONSULTING - LICENSED NORTHERN VIRGINIA CPA FIRM
Discover tailored financial services for businesses and individuals at AI TAX CONSULTING. Our dedicated CPA firm offers expert accounting, business consulting, tax preparation, and tax resolution services to a diverse range of clients. We take pride in customizing our services to meet your unique demands and can handle and resolve all your tax and accounting needs.
Whether you're a small business, a large corporation, or an individual taxpayer, we're here to provide top-notch financial support.
Serving a Wide Community:
Our services extend to a diverse range of locations, including:
- Stafford, VA: Serving Stafford County and nearby areas.
- Dumfries, VA: Extending our support to Dumfries and the surrounding regions.
- Woodbridge, VA: Catering to businesses and individuals in Woodbridge.
- Lorton, VA: Providing outstanding services in Lorton and its vicinity.
- Springfield, VA: Supporting Springfield and the neighboring communities.
- Fredericksburg, VA: Serving Fredericksburg and its nearby areas.
- Fairfax, VA: Offering top-notch accounting and tax services in Fairfax.
- Prince William County: Extending our reach to Prince William County and its residents.
- Northern Virginia: Our commitment to serving the Northern Virginia community.
- Maryland: We also provide our services to clients in Maryland.
- Washington, DC: Supporting clients in the nation’s capital.
- Remote Clients: Even if you’re not in our immediate vicinity, we’re dedicated to offering exceptional financial support to clients across the United States.

YOUR CPA & TAX ADVISOR
Assel Ibrayeva holds a Bachelor’s degree in Finance from Coastal Carolina University and a Master’s in Accountancy from George Washington University. She is a licensed Certified Public Accountant in Virginia, with a wealth of experience in corporate and public accounting. As the founder of AI TAX CONSULTING PLLC, a registered CPA Firm with the Virginia Board of Accountancy, Assel is dedicated to delivering exceptional accounting and tax services. Her focus is on fostering enduring relationships founded on trust and mutual respect.
PROFESSIONAL TAX PREPARATION AND ACCOUNTING SERVICES
CLIENT REVIEWS
AI TAX CONSULTING - LICENSED NORTHERN VIRGINIA CPA FIRM
Accounting and Bookkeeping, Tax Preparation Services in Northern Virginia
Gathering Important Tax Filing Documents
The surest way to get your tax refund quickly is to e-file an accurate, complete return. In order to do that, you may need to reference a variety of tax documents. In addition to your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) and the SSN/ITINs for your spouse and dependents, you may also need:
- Income statements like W-2s and 1099s
- 1098 forms showing expenses that may qualify you for tax deductions or credits, like mortgage or student loan interest, charitable contributions or college tuition
- Form 1095-A (Health Insurance Marketplace statement)
- Records of transactions involving digital assets like cryptocurrency or NFTs
- Purchase records for any vehicle that qualifies for the Clean Vehicle Credit
- Any IRS notices you have received
- Bank account and routing numbers to set up direct deposit of your refund
Once you have gathered up all these materials, a tax professional can help you file your return electronically with direct deposit, to ensure the fastest possible processing. ... See MoreSee Less
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Duplicate Dependent Claims β Did You Know?
Under IRS rules, two different people cannot claim the same dependent on their tax returns. Therefore, the IRS has historically rejected any e-filed return where a person claimed a dependent who was already listed on a return filed by someone else. In such cases, the second filer had to submit their return on paper, causing lengthy processing delays. However, a new IRS policy for overlapping dependent claims has taken effect this filing season.
This year, the IRS will accept an e-filed return that duplicates a dependent claim from another return, as long as the second return includes an IRS identity protection ID number (IP PIN). You can obtain a 2025 IP PIN for free through the IRS website (link below). Once you have your IP PIN, you must include it on all tax forms you submit to the IRS this year, which will protect you against other people filing false tax forms in your name.
Although this new rule means that more e-filed returns will be accepted, the IRS will still investigate duplicate dependent claims to determine who may rightfully claim the dependent. A tax professional can help you properly identify your dependents, and help you obtain an IP PIN and e-file your return for secure, fast processing.
Get an IP PIN: www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin ... See MoreSee Less
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Earned Income Tax Credit Eligibility - Did You Know?
Millions of Americans may qualify for the Earned Income Tax Credit (EITC), which can significantly reduce a person's tax or increase their IRS refund. Unfortunately, many people miss out on this valuable credit each year because they do not realize that they are eligible.
Even if you have not qualified for the EITC in the past, you may be eligible if you experienced a life change in 2024 like a reduction in income, a change in marital status, or the birth or adoption of a child. Others who may overlook the opportunity to claim the credit include veterans, grandparents raising grandchildren, Native Americans, and people who live in rural areas or have limited English skills.
In order to claim the EITC, you must file a tax return, even if you do not have enough income to have a filing requirement. A tax professional can check your eligibility and help you file your return electronically to get your refund as quickly as possible. ... See MoreSee Less
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Hobby or Business β Did You Know?
Depending on a variety of factors, the IRS may designate a side gig as either a business or a hobby. In some cases, having your side gig classified as a business can offer tax advantages, while in others, the hobby classification may be preferable.
Generally, the IRS defines a business as any activity that a person regularly pursues with a reasonable expectation of making a profit. If an activity results in losses (expenses exceeding revenue), the IRS may look at why those losses occurred, to determine whether they are likely to continue in the future.
One subtle factor to consider is the future value of assets used for the activity. If a pursuit involves acquiring property that gains value over time, like real estate or certain musical instruments, then those gains may yield long-term profits in spite of short-term losses. A tax professional can help you determine whether the IRS will likely see your side gig as a business or a hobby, and whether changes to how you pursue the activity could result in tax savings. ... See MoreSee Less
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10 Overlooked Tax Tips for Individual Filers in 2024
π’ Tax season is here! Many people miss out on legitimate tax breaks simply because they donβt know what they qualify for. Don't leave money on the table! Here are 10 lesser-known tax strategies to help maximize your refund:
1οΈβ£ Side Hustle Deductions (Even if Itβs Just a Gig) ππΌ
Do you drive for Uber, sell on Etsy, or do freelance work? Even if you only made a few thousand dollars, you may be able to deduct business expenses like:
β Gas & mileage
β Home office costs
β Internet & phone bill (business use portion)
β Equipment (laptop, camera, software, etc.)
π Pro Tip: Keep records! The IRS watches side hustles closely.
2οΈβ£ Digital Nomads & Remote Workers π
If you moved states while working remotely, you may owe taxes in multiple states. Some states donβt tax income at allβif you moved to one of these, you could save big!
π« States with NO income tax: Florida, Texas, Nevada, Washington, Tennessee, Alaska, South Dakota, Wyoming
π Pro Tip: If you worked in two states, check for reciprocal tax agreements to avoid double taxation.
3οΈβ£ Mortgage Interest Deduction π‘
Homeowners can deduct mortgage interest on loans up to $750,000. But did you know private mortgage insurance (PMI) is also deductible?
β If you refinanced in 2023, check for points paidβthey may be deductible too!
π Pro Tip: First-time homebuyer? See if your state offers tax credits!
4οΈβ£ Gambling Losses π° (Yes, Really!)
If you won money gambling (lottery, casino, poker, sports betting), the IRS expects you to report those winnings. But you can deduct gambling losses up to the amount of your winnings if you have proof.
π Pro Tip: Keep records of losses, wagers, and winningsβincluding tickets or bank statements.
5οΈβ£ Moving Expenses for Military Members ποΈ
Most people canβt deduct moving costs anymore (thanks to tax law changes), but active-duty military members moving for service still can.
π Pro Tip: This includes household moving costs, travel, lodging, and even shipping vehicles.
6οΈβ£ Unused 529 College Plan Funds Can Be Rolled Over π
Starting in 2024, if you have leftover funds in a 529 college savings plan, you can roll up to $35,000 into a Roth IRAβtax-free!
π Pro Tip: You must have held the 529 account for at least 15 years to qualify.
7οΈβ£ Teacher & Educator Expenses (Beyond Just $300) π
Teachers can automatically deduct up to $300 in classroom suppliesβbut many states offer extra educator tax credits for school purchases.
π Pro Tip: If you teach at a nonprofit or low-income school, check the Public Service Loan Forgiveness (PSLF) program for potential student loan cancellation.
8οΈβ£ Disaster Losses (FEMA Declared Areas) πͺοΈπ₯
If you were affected by a natural disaster in a federally declared area, you may be able to claim losses not covered by insurance on your tax return.
π Pro Tip: Check the IRS disaster relief page to see if your area qualifies.
9οΈβ£ Dependent Care Credit (Not Just for Kids) πΆπ΅
If you paid for childcare, elder care, or even a babysitter, you may qualify for a Dependent Care Credit of up to $8,000 (based on 2023-24 tax laws).
π Pro Tip: Payments to family members donβt count unless theyβre not your dependent.
π Tax-Free HSA & FSA Reimbursements π₯
Did you pay for medical expenses out of pocket but have a Health Savings Account (HSA) or Flexible Spending Account (FSA)? You can still submit receipts and get reimbursed tax-free!
π Pro Tip: Some expenses people forget include chiropractic care, acupuncture, and prescription glasses.
π Final Tax Tip: Donβt Miss Out on What You Deserve!
π° The IRS wonβt tell you if youβre missing deductionsβ but a CPA will!
π Book a tax consultation today and maximize your refund: aitaxconsulting.com
#TaxSeason #TaxTips #IRSRefund #MaximizeYourRefund #TaxCredits ... See MoreSee Less
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π¨ 10 IRS Audit Red Flags Small Business Owners Overlook π¨
Tax season is here, and the IRS has audit triggers you might not even realize! Avoid these uncommon red flags that could put your return under scrutiny:
β οΈ Claiming 100% business use of your cellphone π± β If you donβt have a separate business phone, the IRS knows you're using it personally too. Only deduct the business percentage!
β οΈ Writing off personal expenses as business costs ποΈ β Mixing personal and business expenses (like a laptop or travel) without proper records is a red flag. Keep business purchases separate!
β οΈ Excessive charitable contributions π€ β Donating is great, but if your donations are high relative to income, the IRS may check if theyβre legitimate. Keep those receipts!
β οΈ Using too many rounded numbers ($5,000, $10,000, etc.) π β The IRS expects exact figures. Too many neat, rounded numbers may signal estimates instead of actual records.
β οΈ Deducting large cash transactions π° β If you claim big cash expenses with no receipts, expect questions. Cash-based businesses (restaurants, salons, contractors) face extra scrutiny.
β οΈ Consistently reporting a loss π β If your business shows a loss for three years or more, the IRS may classify it as a hobby, meaning no more business deductions.
β οΈ Sudden spikes in income or deductions π β A huge increase in deductions or a major drop in income without explanation? That could prompt an IRS inquiry.
β οΈ Paying family members without proper payroll records π¨βπ©βπ§βπ¦ β Hiring your kids or spouse? Make sure they have actual job duties, reasonable pay, and payroll records to back it up.
β οΈ Claiming 100% deductible travel expenses βοΈ β Business travel is deductible, but if you mix business with personal time (like a Vegas βconferenceβ with extra vacation days), only the business portion counts.
β οΈ Incorrect worker classification (1099 vs. W-2) π₯ β Misclassifying employees as independent contractors can lead to IRS penalties. Use 1099s correctly!
π‘ Avoid IRS red flags with expert tax preparation! Work with a CPA to ensure your taxes are accurate, compliant, and optimized for savings.
π Book your consultation today: aitaxconsulting.com
#TaxSeason #SmallBusinessTaxes #IRSAudit #TaxDeductions #CPAServices ... See MoreSee Less
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IRS 2025 IP PIN to Improve Security - Did You Know?
The IRS encourages everyone to get an identity protection number (IP PIN) for the 2025 tax filing season. An IP PIN is a unique code that you include on your tax return and any other IRS forms that you file during a year. Using this code prevents scammers from submitting fraudulent tax documents in your name, in an attempt to steal your refund or identity.
The easiest way to obtain an IP PIN is to create an online IRS account (link below). You can also request one by mail by filing IRS Form 15227. Note that an IP PIN only lasts for one calendar year, so even if you had one in 2024, you will need a new one this year. Once you receive your 2025 IP PIN, make sure to include it on your 2024 tax return, so that the IRS will accept it and reject any fakes. A tax professional can help you file your return electronically with your IP PIN properly entered, to ensure the fastest possible processing.
Get an IP PIN: www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin ... See MoreSee Less
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Tax Filing Season Begins
The IRS starts processing tax returns today and the deadline to file 2024 tax returns and pay any taxes owed is Tuesday, April 15, 2025.
Once filed, the status of your tax return can be checked at: www.irs.gov/wheres-my-refund. ... See MoreSee Less
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Filing Deadline for W-2 and 1099 Forms
Businesses who paid employees or independent contractors in 2024 are reminded to file all required payment reporting forms by January 31, 2025.
If you operate a business and pay employees, you generally must file a Form W-2 for each employee with the Social Security Administration (SSA) by January 31. You must also send each employee a copy of their W-2
January 31 is also the deadline for 1099 forms if you are required to file 1099-MISC and 1099-NEC forms.
If you are an employee, you should expect to receive your W-2 from your employer soon, if you have not received it already. ... See MoreSee Less
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