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.
Can AI Save You Money on Taxes?
How AI tax software pricing compares to traditional tax services, how AI enhances accuracy and compliance, and why tax professionals are adopting these tools to deliver greater savings and peace of mind.
Innocent spouse relief qualification requirements
When you file a joint return, both spouses are jointly and severally liable for the entire tax, interest, and penalties. Innocent spouse relief can remove your responsibility for tax attributable to your spouse’s erroneous items
Collection due process hearing procedures
A CDP hearing is an independent review by the IRS Office of Appeals of a proposed levy or a filed Notice of Federal Tax Lien (NFTL). It is intended to ensure the action is warranted and appropriate, and that collection alternatives were considered first
Appeal rights and procedures for disputed assessments
You can request review by the IRS Independent Office of Appeals for most disputed matters (exam adjustments, penalties, liens/levies, interest abatement denials, OIC rejections).
Offer in compromise qualification criteria and procedures
An OIC is a binding agreement with the IRS to settle your tax liabilities for less than the full amount owed. The IRS generally will not accept an OIC if you can fully pay through an installment agreement or other means.
Audit defense strategies for common examination issues
Returns are classified to determine the scope and where the case is worked: correspondence, office (TCO), or field (RA). RAs handle more complex cases and TCOs more limited issues; proper assignment is based on issue complexity and time expectations.
How to respond to specific IRS notices and letters
Read the notice carefully to identify the tax year, the issue, the amount (if any), and the response deadline. Many IRS notices allow about 30 days to respond; allow the IRS at least 30 days to reply back after you respond.
Smarter Tax Planning with AI: The Future of Financial Strategy
Discover how AI tax planning and next-generation tax planning AI software are transforming the way CPAs, financial advisors, and individuals approach taxes.
Get Ready for the Fall Tax Season: How CPAs Can Work Smarter with AI
The fall tax season is here, with major deadlines looming in September and October. For CPAs, this means long hours, tight turnarounds, and the pressure of juggling multiple client cases.
AI vs. Accountants: Who Wins in the Future of Tax and Finance?
As AI rapidly transforms the tax and accounting industry, professionals are asking: Is accounting safe from AI? explore whether AI vs. tax preparers is a battle—or a partnership.