Advantage One Tax Consulting

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

✨ Wishing you and your loved ones a joyful Raksha Bandhan weekend!Heart stays rooted in our beautiful traditions. ❤️Even...
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.

Owned a 𝗿𝗲𝗻𝘁𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 and 𝗰𝗹𝗮𝗶𝗺𝗲𝗱 𝗱𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻? 🏘️When you sell the 𝗜𝗥𝗦 𝗿𝗲𝗰𝗮𝗽𝘁𝘂𝗿𝗲𝘀 that depreciation.It does not matte...
08/26/2026

Owned a 𝗿𝗲𝗻𝘁𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 and 𝗰𝗹𝗮𝗶𝗺𝗲𝗱 𝗱𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻? 🏘️

When you sell the 𝗜𝗥𝗦 𝗿𝗲𝗰𝗮𝗽𝘁𝘂𝗿𝗲𝘀 that depreciation.

It does not matter if you actually claimed it.

The IRS assumes you did and adjusts your 𝗰𝗼𝘀𝘁 𝗯𝗮𝘀𝗶𝘀 𝗮𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴𝗹𝘆.

𝗥𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝗼𝗻 𝗙𝗼𝗿𝗺 𝟰𝟳𝟵𝟳.

Can result in a higher tax bill than expected.

Plan before you sell not after.

👉 www.aotax.com

Selling your U.S. home? 🏠You may be able to *EXCLUDE the capital gain tax free.*Two tests:✅ Owned it for at least 2 of t...
08/18/2026

Selling your U.S. home? 🏠

You may be able to *EXCLUDE the capital gain tax free.*

Two tests:

✅ Owned it for at least 2 of the last 5 years

✅ Used it as your *primary residence* for at least 2 of the last 5 years

Don't meet both? The full gain is taxable.

Check your eligibility before you list.

👉 www.aotax.com

Happy Independence Day from AOTAX!Celebrate the freedom to focus on what matters, while we simplify your tax journey.Fre...
08/15/2026

Happy Independence Day from AOTAX!

Celebrate the freedom to focus on what matters, while we simplify your tax journey.

Freedom from Tax Complexity.

Green Card in hand? 🟢From the first day you are admitted as a lawful permanent resident you are taxed exactly like a U.S...
08/13/2026

Green Card in hand? 🟢

From the first day you are admitted as a lawful permanent resident you are taxed exactly like a U.S. citizen.

That means worldwide income.

Indian salary, Indian rental income & Indian bank interest.

All of it goes on your U.S. tax return.

And your Green Card remains in effect until it is revoked or abandoned even if you live outside the U.S.

👉 www.aotax.com

Crypto is not currency in the eyes of the IRS. It is property. 📊𝗘𝘃𝗲𝗿𝘆 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻: buy, sell, trade, spend is a taxable ...
08/11/2026

Crypto is not currency in the eyes of the IRS. It is property. 📊

𝗘𝘃𝗲𝗿𝘆 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻: buy, sell, trade, spend is a taxable event.

Held under 1 year → taxed at ordinary income rates
Held over 1 year → preferential rates apply

Every transaction reported on Schedule D and Form 8949.

𝗧𝗿𝗮𝗰𝗸 𝗲𝘃𝗲𝗿𝘆 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗻𝗼𝘄.
Waiting until April makes this significantly harder.

👉 www.aotax.com

Sold a stock at a loss? 📉If you bought the same stock back within 30 days before OR after the sale the IRS calls it a wa...
08/06/2026

Sold a stock at a loss? 📉

If you bought the same stock back within 30 days
before OR after the sale the IRS calls it a wash sale.

Your loss is disallowed.
It gets added to the cost basis of the new shares instead.

This catches a lot of investors off guard.
Plan your trades before year-end.

👉 www.aotax.com

You don't need a Green Card to be taxed as a U.S. resident. 📋The Substantial Presence Test (SPT):31 days in the U.S. thi...
08/03/2026

You don't need a Green Card to be taxed as a U.S. resident. 📋

The Substantial Presence Test (SPT):

31 days in the U.S. this year

+ 183 days counted over 3 years

If you qualify, you are a Resident Alien.

Taxed on worldwide income. Including India.

Know your status before you file.

👉 www.aotax.com

One month of mid-year. Three deadlines to act on. September 15 → Q3 Estimated Tax October 15 → Extended Form 1040 Octo...
07/29/2026

One month of mid-year. Three deadlines to act on.

September 15 → Q3 Estimated Tax
October 15 → Extended Form 1040
October 15 → FBAR & FATCA

This week review your Schedule C, D and E.
Pull your Indian bank statements.
Start now.

👉 www.aotax.com

Q3 Estimated Tax due September 15. ⏳ Self-employed, rental income, or capital gains? You likely need to pay.To avoid und...
07/22/2026

Q3 Estimated Tax due September 15. ⏳

Self-employed, rental income, or capital gains? You likely need to pay.

To avoid underpayment penalties:

✅Pay 90% of current year's tax or 100% of last year's liability.

✅110% if prior-year AGI exceeded:

• $150,000 (MFJ)

• $75,000 (MFS)

👉 www.aotax.com

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20610 Quarterpath Trace Circle Sterling
Potomac Falls, VA
20165

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