Advantage One Tax Consulting

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Advantage One Tax Consulting

Advantage One Tax Consulting, Inc. (AO Tax) is an IRS recognized Enrolled Agents Firm with Qualified Tax Accountants and Registered Tax Return Preparers.

(AO Tax) is a tax consulting firm offering tax return preparation, tax planning, bookkeeping,business incorporation, & payroll to variety of clients ranging from individuals to small & medium-sized businesses since 2003. AO Tax has its Corporate Head Quarters based in Sterling, Virginia with Global Delivery Center in Hyd
https://www.aotax.com

09/30/2026

MFJ can apply when both spouses are married at the end of the tax year and agree to file jointly. Combined income and allowable expenses are reported on the joint return.

Married Filing Jointly.

Keep MFJ eligibility in the filing review.

09/28/2026

𝗠𝗮𝗿𝗶𝘁𝗮𝗹 𝘀𝘁𝗮𝘁𝘂𝘀, 𝗾𝘂𝗮𝗹𝗶𝗳𝘆𝗶𝗻𝗴-𝗽𝗲𝗿𝘀𝗼𝗻 𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝘆 𝗮𝗻𝗱 𝗵𝗼𝘂𝘀𝗲𝗵𝗼𝗹𝗱 𝗰𝗼𝘀𝘁𝘀 𝗮𝗿𝗲 𝗸𝗲𝘆 𝗛𝗢𝗛 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀.

• Head Of Household Test.
• Save this checklist for filing review.

09/22/2026

A divorce finalized by year-end can change filing status, subject to eligibility for another category.

Divorce & Filing Status.

Keep this point in the filing checklist.

09/18/2026

𝗬𝗲𝗮𝗿-𝗘𝗻𝗱 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗖𝗮𝗻 𝗔𝗳𝗳𝗲𝗰𝘁 𝗧𝗮𝘅 𝗙𝗶𝗹𝗶𝗻𝗴 𝗦𝘁𝗮𝘁𝘂𝘀

Filing Status — Year-End Status Controls the Category.

𝗧𝗵𝗲 𝗴𝗼𝗮𝗹 𝗶𝘀 𝘀𝗶𝗺𝗽𝗹𝗲: understand the situation first, then apply the tax rule that fits.

👉 www.aotax.com

09/16/2026

𝗦𝗼𝗹𝗱 𝘀𝘁𝗼𝗰𝗸𝘀, 𝗰𝗿𝘆𝗽𝘁𝗼 𝗼𝗿 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗶𝗻 𝟮𝟬𝟮𝟲?

📊 Every transaction goes on Form 8949 first — then summarised on Schedule D.

𝗖𝗼𝗺𝗺𝗼𝗻 𝗺𝗶𝘀𝘁𝗮𝗸𝗲𝘀:

❌ Missing crypto transactions

❌ Wrong cost basis

❌ Ignoring wash sale adjustments Start reconciling now.

Don't leave this to March.

👉 www.aotax.com

09/14/2026

🪔 Wishing you a joyful and blessed Ganesh Chaturthi!

May Lord Ganesha bring wisdom, prosperity, and success to every new beginning.

Celebrate faith. Embrace wisdom. Grow with purpose.

09/09/2026

𝐓𝐫𝐚𝐝𝐞 𝐟𝐮𝐭𝐮𝐫𝐞𝐬, 𝐨𝐩𝐭𝐢𝐨𝐧𝐬 𝐨𝐫 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬? 📈

𝐒𝐞𝐜𝐭𝐢𝐨𝐧 1256 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬 𝐟𝐨𝐥𝐥𝐨𝐰 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐫𝐮𝐥𝐞:

60% of gains/losses → taxed as long-term
40% of gains/losses → taxed as short-term

This applies regardless of how long you held the position.

Mark-to-market accounting applies at year-end.
Reported on Schedule D.

Know the rule before year-end.

👉 www.aotax.com

09/04/2026

One spouse is a U.S. Resident Alien. The other is still a Non-Resident Alien.

Under 6013(g) : you can elect to treat the non-resident spouse as a resident alien and file Married Filing Jointly.

This can significantly change your tax outcome.

A joint declaration must be attached to the return.

This election must be planned before you file consult AOTAX now.

👉 www.aotax.com

09/01/2026

𝗔𝗿𝗿𝗶𝘃𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗨.𝗦. 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝘁𝗶𝗺𝗲 𝗶𝗻 𝟮𝟬𝟮𝟱 𝗼𝗿 𝟮𝟬𝟮𝟲?

You may qualify for the First Year Choice Test (FYCT) an election that allows you to be treated as a Resident Alien even if you don't meet the Substantial Presence Test yet.

𝗧𝗼 𝗾𝘂𝗮𝗹𝗶𝗳𝘆:

✔️Not a resident in the prior year
✔️ Present 31 consecutive days in the U.S.
✔️Meet the SPT in the following year

This election changes how you are taxed for the full year.

Plan it before you file.

👉 𝘸𝘸𝘸.𝘢𝘰𝘵𝘢𝘹.𝘤𝘰𝘮

08/29/2026

✨ Wishing you and your loved ones a joyful Raksha Bandhan weekend!

Heart stays rooted in our beautiful traditions. ❤️

Even as the Raksha Bandhan celebrations continue across the weekend, we’re celebrating the bond of love, protection, family, and cherished memories that brings us closer wherever we are.

Address

20610 Quarterpath Trace Circle Sterling
Potomac Falls, VA
20165

Website

https://www.aotax.com/, https://atp.aotax.com/, https://my.aotax.com/login/index.jsp#/login

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