HIVE TAX AI
Lotus Li
Lotus Li is a CPA who has transformed 20 years of professional experience into building products with a mission to simplifying everyone’s tax journey. She is passionate about bringing cutting-edge AI into the world of tax and finance and is deeply immersed in designing, building, and launching innovative AI-powered tax solutions.
What are the most common IRS audit triggers for 2025 returns and how can I reduce my audit risk while staying compliant?​
Information mismatch (W-2/1099 vs. what you reported). The IRS selects some returns for examination using computerized screening and by comparing what’s on the return to information it receives
How do I fix a mistake on my 2025 return, and when should I file an amended return versus respond to an IRS notice?​
If you are amending to claim an additional refund/credit, the general deadline is within 3 years after you filed the original return (including extensions) or 2 years after you paid the tax
What documents and records should I gather throughout 2025 so that filing my 2025 return in 2026 is fast and accurate?​
Maintain receipts, canceled checks, and other documentation that supports any income, deduction, or credit you claim.Â
What are the key IRS deadlines for filing and payments during the 2026 filing season, including extensions and estimates?​
File Form 4868 (or get an automatic extension via an extension-designated e-payment) by April 15, 2026
Who qualifies to use the expanded IRS Direct File program for 2025 returns, and how does it compare to other e‑file options?​
As of January 24, 2026, the IRS Direct File expansion that is clearly documented on IRS.gov is for filing season 2025 (filing 2024 federal returns), when Direct File was offered in 25 states
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If I alternate between itemizing one year and taking the standard deduction the next, can that lower my total 2‑year tax cost?​
Yes. Because the choice to itemize vs. take the standard deduction is made separately each tax year, alternating can reduce your combined 2-year tax when you can “concentrate” deductible payments into one year
What kinds of expenses make itemizing worthwhile compared with the 2025 standard deduction levels?​
To make itemizing worthwhile for 2025, your allowable Schedule A total generally needs to exceed your 2025 standard deduction amount: $15,750 (single or MFS), $23,625 (head of household), or $31,500 (MFJ or qualifying surviving spouse).Â