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 happens if I don’t pay my taxes on time?
Missed the tax deadline? Learn what happens if you don’t pay your taxes on time—penalties, interest, IRS enforcement actions, and how to get help.
How do I file an amended return if I made a mistake?
Learn how to file an amended tax return if you made a mistake. Use Form 1040-X, file electronically or by mail, and track your status online.
What documents do I need to gather before filing my taxes?
Gather essential tax documents before filing in 2025, including W-2s, 1099s, income records, deduction receipts, and ID info. Be prepared and organized.
What are the income thresholds for filing taxes in 2025?
Find out the 2025 income thresholds for filing taxes based on your filing status, age, and deductions. See who must file and when it’s required.
How do I know if I need to file a tax return?
Wondering if you need to file a tax return? Find out based on income, filing status, and special circumstances. Learn when it’s required and when it’s beneficial to file.
What are the penalties for filing late?
Filing your tax return late can lead to a penalty of 5% per month, up to 25% of the unpaid tax. Learn how to avoid penalties and what to do if you’re late.
Does filing an extension give me more time to pay taxes owed?
Filing a tax extension gives you extra time to file, but not to pay. You must pay any taxes owed by the original deadline to avoid penalties and interest.
Can I file for an extension, and how does it work?
You can file a tax extension by April 15 to extend your deadline to October 15. However, taxes owed are still due by April 15 to avoid penalties and interest.
What is the federal tax filing deadline for 2025?
Federal tax filing deadline for 2025 is April 15. Extensions available until Oct 15, but taxes must still be paid by April 15 to avoid penalties.
Why AI Tax Tools Are Reshaping the Future of Tax and Financial Planning
AI tax tools and Agentic AI are reshaping tax planning with faster insights, greater accuracy, and a competitive edge for forward-thinking firms.