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.
How are education expenses treated on 2025 returns?
For 2025, you generally use qualified education expenses you paid in 2025 for an academic period that begins in 2025 or begins in the first 3 months of 2026 (for example, tuition paid in December 2025
What are deductions available to self-employed taxpayers this season?
You generally deduct ordinary and necessary expenses of carrying on your trade or business against your self-employment income (for example, supplies, advertising, professional fees, contract labor, business insurance, etc.).
How do retirement distributions affect taxes this filing season?
Traditional IRA distributions are generally taxable in the year you receive them (reported based on Form 1099-R).
What’s new for small business owners in 2026 filings?
As of today (March 27, 2026), the 2026 filing season generally refers to filing 2025 federal returns (due April 15, 2026 for most calendar-year individuals, including Schedule C filers).
How do rental property losses affect taxable income?
Rental real estate is generally treated as a passive activity, so losses are generally limited and can’t be used to offset nonpassive income
How should stock sale gains and losses be reported?
Most stock sales are reported on Form 8949 first, then totals flow to Schedule D (Form 1040), which is where your net capital gain/loss is computed.
How are unemployment benefits taxed in 2026?
Unemployment compensation is generally taxable income for federal purposes, and you generally must include it in gross income for the year you received it.
15 Common Tax Strategies Business Owners and HNW Clients Can Implement in 2026
AI tax research, AI tax tools, AI tax planning tool, and agentic AI in tax are changing how business owners and high-net-worth clients uncover tax savings.
Case Study: How Tracy Weston Uses Hive Tax Planning to Prevent a Costly Roth Conversion Misstep
Client ProfileTracy Weston, CFP, uses Hive Tax Planning to support tax-aware financial planning for her clients. In this case, Tracy worked with a retired couple in their 70s whose income looked simple on the surface, but whose tax situation required careful...
What is the schedule for IRS sending refunds after April 15?
There isn’t a special IRS refund schedule that starts after April 15. The IRS continues processing and issuing refunds on a rolling basis as returns are received and processed