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AI Tax Consulting PLLC

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Fredericksburg, VA
AI Tax Consulting PLLC

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Helping individuals and small businesses with tax preparation, planning, and QuickBooks Online bookkeeping.

Offering personalized service, year-round support, and expert CPA guidance from Fredericksburg, and Stafford, Northern Virginia and nationwide.

11/01/2026

Having a financial account outside the United States can create U.S. reporting questions—even when no U.S. tax form arrives in the mail.

The analysis may require reviewing:

- The taxpayer’s U.S. filing status
- Account ownership or signature authority
- The type and location of the account
- Account values during the year
- Foreign income, interest, or investments
- Any related entity or ownership interest
- Prior-year foreign reporting

Different reporting regimes can apply, and their definitions and filing requirements are not always identical.

AI TAX CONSULTING PLLC assists clients with international tax compliance and foreign reporting matters.

If you have foreign accounts or assets, raise the issue before filing—not after the return has been completed.

Schedule a consultation:
https://aitaxconsulting.com

General educational information only. Filing requirements depend on the taxpayer’s status, ownership, account values, jurisdiction, and other facts.

10/27/2026

Do you have a bank account overseas—or family financial ties in another country?

You may have U.S. reporting requirements even if the account did not earn income. And reporting an account is a different question from whether the money is taxable.

Our latest guide walks through foreign income, FBAR, Form 8938, gifts, and other common international-tax questions.

Watch our explainer and read the full article: https://aitaxconsulting.com/foreign-income-and-tax-reporting/

General education; requirements depend on your circumstances.

10/27/2026

Accurate W-2 Reporting Is Required to Deduct 2026 Overtime – Did You Know?

Eligible taxpayers may deduct up to $12,500 of qualified overtime compensation ($25,000 for joint filers) on their 2026 federal income tax returns without itemizing. The deduction begins phasing out when modified adjusted gross income exceeds $150,000 ($300,000 for joint filers). Married taxpayers generally must file jointly. Qualified overtime generally means the “half” portion of time-and-a-half pay required under the Fair Labor Standards Act. Social Security and Medicare taxes still generally apply.

For 2026, employers must report qualified overtime on Form W-2 in box 12 using code “TT.” If the amount is missing or incorrect, contact your employer and keep supporting pay stubs handy. Be sure to obtain a corrected Form W-2c (Corrected Wage and Tax Statement) if your employer omitted or incorrectly reported your qualified overtime pay.

10/19/2026

Educators Have New Options to Deduct 2026 Classroom Expenses – Did You Know?

If you work as a K–12 teacher, instructor, counselor, principal or aide for at least 900 hours during the school year at a qualifying school, you may be able to deduct qualifying unreimbursed classroom expenses on your tax return.

For 2026, eligible educators may deduct up to $350 of qualifying expenses as an above-the-line deduction without itemizing, or up to $700 for a married couple filing jointly if both qualify, with a limit of $350 each.

Additionally, a new itemized deduction is available beginning in 2026 for educator expenses, with no separate dollar cap. You must itemize deductions to claim this additional deduction. It is also available to interscholastic sports administrators and coaches who meet the K–12 school and 900-hour requirements, and may cover additional expenses.

Eligible educators may claim both deductions, as long as the expenses used to figure each deduction do not overlap. A tax professional can help you determine whether you qualify and which deduction strategy yields the greatest possible tax savings.

10/19/2026

Crypto taxes can start before you cash out.

Selling, swapping, or spending cryptocurrency can create a gain or loss. Payments for work and staking rewards can also create income. This short video explains why complete exchange and wallet records matter—and why tax forms or crypto tax software may need a closer review.

AI Tax Consulting PLLC helps taxpayers review crypto activity and prepare accurate tax reporting.

Read the article: https://aitaxconsulting.com/cryptocurrency-taxes/

10/17/2026

A military PCS move can change where your family lives—but it does not automatically answer every state tax-residency question.

Before preparing state returns, review the full picture:

• The service member’s legal domicile
• The spouse’s domicile or available residency election
• State income-tax withholding
• Civilian or self-employment income
• Driver’s licenses, voter registration, and other state connections
• Whether either spouse intended to establish a new permanent home

Military spouses may have additional residency protections or elections. The correct filing position depends on the family’s facts and the rules of each affected jurisdiction.

AI TAX CONSULTING PLLC assists military families with residency analysis, multistate filings, and tax preparation.

Read our Northern Virginia military tax guide:
https://aitaxconsulting.com/military-tax-guide-for-service-members-in-northern-virginia/

10/12/2026

October 15 Filing Extension Deadlines

Taxpayers who timely requested an extension to file their 2025 federal income tax returns generally must file by Thursday, October 15, 2026. The same deadline generally applies to calendar-year C corporations that received an extension to file their 2025 corporate returns (Form 1120).

In addition, U.S. persons with a financial interest in or signature authority over foreign financial accounts whose combined value exceeded $10,000 at any time during 2025, and who are required to file a Report of Foreign Bank and Financial Accounts (FBAR), generally must file by October 15, 2026. The FBAR extension is automatic; no extension request is necessary.

10/08/2026

TAX MYTH: “Just hire your kids and save taxes.”

Hiring your children can be a legitimate business strategy—but it is not a shortcut. The work must be real, the pay must be reasonable, payroll needs to be handled correctly, and documentation matters.

Before putting a child on payroll, make sure the arrangement is structured like a real employment relationship.

Educational information only; tax results depend on your facts.

10/05/2026

Up to $5,120 of the Adoption Tax Credit Is Refundable for 2026 – Did You Know?

The Adoption Tax Credit helps eligible families manage qualified costs such as adoption fees, travel, legal services and home studies. In recent years, the credit was nonrefundable: it could reduce a person's federal income tax, but any unused amount generally had to be carried forward.

Under rules that took effect in 2025, part of the credit is now refundable. For tax year 2026, up to $5,120 per eligible child may be refundable, even if the taxpayer owes no federal income tax. Any unused nonrefundable portion may be carried forward for up to five years, but a carryforward cannot become refundable in a later year.

The Adoption Tax Credit is subject to income limits and other restrictions, and the timing of a claim depends on the circumstances of the adoption. A tax professional can help determine whether you qualify and how much credit you may claim.

09/29/2026

Enhanced Tax Credit Can Help Cover 2026 Childcare Costs – Did You Know? (2/2)

If you pay for care for your child under 13 years of age, or for your spouse or other dependent who requires help with basic self-care, then you may qualify for a federal tax credit. The Child and Dependent Care Tax Credit (CDCTC) can help reduce your federal income tax based on care expenses that you pay in order to work or seek work.

The CDCTC is calculated as a percentage of eligible care expenses. As in the past, the credit is subject to phase-down ranges, meaning that the maximum credit amount may decrease based on a person's adjusted gross income (AGI). However, new rules that took effect this year have significantly increased the maximum credit amount for people with AGIs both below and within the phase-down ranges.

For example, a married couple filing a joint return with an AGI of $75,000-$150,000 may qualify for a credit of up to 35% of eligible care costs, up from 20% in 2025. Meanwhile, a single filer with an AGI of $15,000 or less may be entitled to a credit equaling 50% of qualifying expenses. Above $15,000, the rate gradually declines, reaching 35% once AGI exceeds $43,000. A tax professional can help you determine whether you qualify for the CDCTC, and if so, what percentage you may use to figure your credit amount.

Address

145 Harrell Road, Suite 111
Fredericksburg, VA
22405

Opening Hours

Monday	9am - 7pm
Tuesday	9am - 7pm
Wednesday	9am - 7pm
Thursday	9am - 7pm
Friday	9am - 7pm
Saturday	9am - 7pm

Telephone

+17035017090

Website

https://aitaxconsulting.com/, https://www.linkedin.com/company/aitaxconsulting/

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