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.
Case Study: Bypassing the SALT Cap with California PTET Election for a High-Income K-1 Investor
A high-income individual investor with substantial pass-through income faced increasing tax inefficiencies due to the federal SALT deduction limitation.
New Senior Deduction 2026: How the $6,000 Tax Break Is Transforming Retirement Tax PlanningÂ
The new senior deduction for 2026 is one of the most impactful tax changes for retirees—offering up to $6,000 per person ($12,000 for couples) in additional tax savings.
How do I file Form 1040 for 2025 income?
For the 2025 tax year, the regular federal due date was April 15, 2026. If you could not file by that date, you can request an automatic 6-month extension by filing Form 4868
What is the penalty for late filing of W-2/1099 returns by employers?
For returns due in 2026, the federal late-filing penalty for Forms W-2 and most Forms 1099 is generally imposed per return, based on how late the filing is
How do 1099-K reporting thresholds apply in 2026?
For calendar year 2026, the federal Form 1099-K threshold for third-party settlement organizations such as payment apps and online marketplaces
What forms must be received before filing (W-2s, 1099s)?
Before filing, you should generally wait until you have all income forms that apply to you.
2026 Large Tax Refund: What It Means, Why Refunds Are Bigger, and How to Turn Your Refund Into Smarter Tax Planning
A 2026 large tax refund may feel like a win, and for many taxpayers it is. The IRS reported that the average refund through early April 2026 was $3,462, up 11.1% from the prior year
Dynamic Tax Planning with AI: Why Hive Tax AI Is the Go-To Safe Advanced Tax Planning Platform for Wealth Advisors
Dynamic tax planning is becoming essential for financial advisors, CPAs, and tax professionals who want to deliver proactive, year-round value.
What is new in the above-the-line deductions (e.g., tips/overtime)?
No tax on tips: for tax years 2025 through 2028, eligible employees and self-employed individuals can deduct qualified tips, up to $25,000 per year, subject to a phaseout once modified AGI exceeds $150,000, or $300,000 on a joint return.
What changes affect the Alternative Minimum Tax this season?
For the current filing season, you are generally filing a 2025 federal return in 2026. The main point is that there is no major One, Big, Beautiful Bill AMT change affecting 2025 returns