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.
Are qualified charitable distributions still tax-advantaged in 2025?
Yes. A QCD is a direct transfer from your IRA to a qualifying charity that is excluded from your gross income. The basic QCD rules (age 70½ or older; direct trustee-to-charity transfer; only to section 170(b)(1)(A) organizations
How are beneficiary designations taxed on retirement plans?
Naming a beneficiary has no tax effect by itself. Taxation happens when benefits are paid. In general, a beneficiary includes in income the same portion of a retirement plan distribution the participant would have,
Are there changes for reporting gifts to non-US persons?
There’s no special change to gift tax reporting just because the recipient is a non‑U.S. person. U.S. gift tax is donor‑based: you file Form 709 for taxable gifts in the same way you would for gifts to U.S. persons.
What are the rules for inherited IRAs and 10-year payout?
For most non-spouse “designated beneficiaries,” an inherited IRA (traditional or Roth) must be fully distributed by December 31 of the 10th year after the year of the original owner’s death.
How do I tax Roth conversions and distributions this year?
A conversion from a traditional, SEP, or SIMPLE IRA to a Roth IRA is treated as a distribution from the non‑Roth IRA and a rollover to the Roth IRA. The taxable portion equals the fair market value converted minus any after‑tax basis
How do annual exclusion gifts work for trusts and estate planning?
For 2025, you can give up to $19,000 to each donee without using any lifetime exemption. A married couple can shield up to $38,000 per donee (via gift-splitting) if they consent and file Form 709 as required
What are the new estate tax exemption rules for 2025?
The federal basic exclusion amount (estate and lifetime gift tax exemption) for decedents dying in 2025 is $13,990,000 per individual. 1
Boost Your Year-End Client Tax Planning Meetings with AI: How CPAs Can Leverage Hive Tax for Smarter 2025 Strategies
When gearing up for year-end client tax planning meetings, CPAs can no longer rely solely on heuristics or spreadsheets. With rapid legislative shifts (e.g. the new One Big Beautiful Bill changes) and intensifying client expectations, using advanced tools like Hive Tax AI research
Installment sale tax planning strategies
The default for qualifying sales is to report gain proportionally as payments are received under IRC §453. You can elect out and recognize all gain in the year of sale by reporting the sale on the original timely return (including extensions), e.g., on Form 4797/Schedule D, instead of Form 6252.
Like-kind exchange rules for business property
Only exchanges of real property held for productive use in a trade or business or for investment qualify for nonrecognition under section 1031. Personal property and most intangibles no longer qualify; exceptions are narrow (e.g., certain mutual ditch/reservoir/irrigation shares treated as real property under state law).