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.
Unlocking Bigger Tax-Advantaged Retirement Savings in 2026: What the New Limits Mean for You
The line has been raised. For 2026, the Internal Revenue Service (IRS) has increased the contribution ceilings for both workplace retirement plans and individual retirement accounts
IRS Grants Employers Reporting Relief on Tips & Overtime for Tax Year 2025 — What Businesses Need to Know
The IRS has announced new reporting relief for employers on tips and overtime wages, confirming that no penalties will apply for Tax Year 2025 as businesses transition into updated reporting requirements
What emergency preparedness steps should I take for tax and business records?
Keep permanent books and records sufficient to establish income, deductions, credits, and other return items, and retain them as long as they may be material to any tax administration matter.
Which IRS notices should I respond to immediately?
Jeopardy assessment or termination: The IRS can immediately assess and demand payment when it believes collection will be jeopardized by delay.
How do I choose a reputable tax preparer?
Decide whether you need basic return prep or year‑round advisory, audit representation, or business entity expertise. Only attorneys, CPAs, and enrolled agents (EAs)
How do I track my federal refund status online for 2025 returns?
Use the IRS “Where’s My Refund?” tool at IRS.gov/Refunds or in the IRS2Go mobile app to see the status of your refund 24/7. You’ll typically see status within 24 hours of e‑filing
Can I pay my taxes with digital wallet options?
The IRS lets you pay by debit card, credit card, or digital wallet through authorized third‑party processors. Accepted wallets include options like PayPal and Click to Pay
How do I handle state tax returns if I move during the tax year?
File a part-year resident return in each state where you were a resident during the year. Each return covers the period you were a resident of that state.
Boost Employee Retention & Tax Savings with the Employer-Provided Child Care CreditÂ
Discover how businesses can leverage the Employer-Provided Child Care Credit (IRC §45F) to support working parents and unlock meaningful tax savings.
Unlock the Power of the Section 1202 QSBS Exclusion: A Game-Changer for Founders and Investors
The Section 1202 Qualified Small Business Stock (QSBS) exclusion is one of the most powerful tax incentives available to startup founders, investors, and high-net-worth individuals