One of the most important rules for S-Corporations is setting reasonable compensation for S-Corp owners. This requirement determines how much salary you must pay yourself before taking […]
The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. This landmark legislation permanently extends many tax provisions originally introduced by the […]
As a real estate agent, you’re likely receiving a Form 1099-NEC instead of a W-2. That makes you self-employed in the eyes of the IRS — and […]
Tired of owing taxes every April even though you have a full-time job? If you’re a W-2 wage earner — especially married with more than one job […]
S Corporations are often marketed as a magic tax-saving tool. From viral TikTok videos to well-meaning accountants, it’s easy to get the impression that electing S Corp […]
We’re excited to announce that AI Tax Consulting PLLC, your trusted CPA in Fredericksburg, VA, has officially opened its new office! 📍 New Address:145 Harrell Rd, Suite […]
Military families in the DMV region (DC, Maryland, Virginia) face unique challenges at tax time — from PCS moves to combat pay exclusions to navigating joint filings […]
Summer rentals have been stronger than ever, and purchases of vacation homes are on the rise. If you own a vacation property in Virginia Beach, Lake Anna, […]
If you live in Stafford, Fredericksburg, or Northern Virginia, understanding IRS penalties is essential. Whether you file late or cannot pay on time, the IRS can assess […]
Do you have a rental rental property that you rent property to others? If so, you’ll want to read the following seven tips about rental income and […]
The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only […]
How to request a copy of your previous year tax return Northern Virginia CPA Guide Introduction: If you’ve misplaced your tax return or need it for loan […]