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 issues do expatriates need to consider this filing season?
You generally still must file a U.S. federal income tax return and report worldwide income, even if you live and pay tax abroad. Tax benefits like the foreign earned income exclusion and the foreign tax credit are generally only available if you file a U.S.
Why SMB In-House Finance Teams Need an AI Tax Research Tool in 2026
Small and mid-sized businesses (SMBs) are moving faster than ever—new revenue streams, multi-state sales, contractor vs. employee decisions, entity restructures, acquisitions, and constant changes in payroll and benefits.
Case Study: Tracy Weston, CFP, Uses Hive Tax Planning to Optimize Retirement Income, Roth Conversions, and IRMAA
Tracy, CFP, works with many retirement clients and aims to bring actionable planning value to each meeting—even when the scenario involves technical thresholds that typically require deeper tax analysis.
How many individual returns does the IRS expect to process this filing season?
The IRS expects about 164 million individual tax returns for tax year 2025 to be filed this 2026 filing season.
What new IRS tools are available for the 2026 filing season?
Expanded IRS Tax Pro Account features for tax professional businesses (for firms/organizations that use a business CAF number), including linking the business CAF to the firm’s EIN
What is the extended filing deadline with a valid extension?
you timely file a valid automatic extension request (generally Form 4868) by the original due date (usually April 15), your extended federal individual income tax return filing deadline is October 15.
Can taxpayers file after April 15 with an extension?
Yes. If you request an automatic extension by the original due date (generally April 15), you get about 6 extra months to file your individual return, typically until October 15.
What happens if federal tax day (April 15) lands on a weekend or holiday?
If the normal due date (often April 15 for Form 1040) falls on a Saturday, Sunday, or a legal holiday, the due date is automatically pushed to the next day that is not a Saturday, Sunday, or legal holiday.
How does the IRS define the 2025 tax year for 2026 filings?
For the 2026 filing season, “tax year 2025” means the taxpayer’s taxable year that ended during 2025 (for most individuals, the calendar year ending December 31, 2025).
What qualifies as the 2026 tax filing season versus future seasons?
For individual federal income taxes, the IRS uses “tax filing season” to mean the period when it starts accepting/processing returns for a given tax year and runs through the original due date for those returns