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Showing posts from February, 2025

The IRS Increases Enforcement in 2025: What Taxpayers Need to Know

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Hi Hive,  As 2025 begins, the Internal Revenue Service (IRS) is strengthening its enforcement efforts, with a focus on closing the tax gap and ensuring compliance among individuals and businesses alike. With increased funding and technological advancements, taxpayers should be prepared for heightened scrutiny, particularly in areas related to unreported income, deductions, and digital transactions. Key Areas of IRS Focus in 2025 1. Stronger Enforcement on High-Income Earners and Businesses The IRS is ramping up audits and investigations, particularly targeting high-net-worth individuals, corporations, and self-employed professionals who may have underreported earnings. Enhanced data analytics and artificial intelligence tools will allow the agency to detect discrepancies more efficiently. 2. Digital Transactions Under Greater Scrutiny As cashless transactions continue to grow, platforms such as PayPal, Venmo, and Cash App are now required to report business transactions...

21 Days of Fasting: The Struggle, The Glow-Up, and Everything In Between

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Hi Hive,  So, you’re thinking about doing a 21-day fast? First of all, welcome to the club of self-discipline, random cravings, and an unexpected amount of personal growth. Whether you’re fasting for health, clarity, or just to test your own willpower, one thing is for sure—it’s gonna be a ride. Buckle up! The First Few Days: The "What Have I Done?" Phase Days 1-3 are all about adjustment. Your stomach might start having full-blown conversations with you, and suddenly, the smell of food from a mile away feels like an attack. You might catch yourself staring at a bag of chips like it personally betrayed you. But hold on—it gets better. Week One: The Temptation is REAL By Day 4-7, the cravings hit different. That food you never even cared about before? Now it’s all you can think about. Suddenly, you’re watching cooking videos like it’s a sport. But here’s the thing—you’re also starting to notice your body adjusting. Energy might dip at first, but your focus starts s...

Tax Season is Here: Why You Should File ASAP

Hi Hive, Listen, I know tax season isn’t exactly the most exciting time of the year, but if you’re expecting a refund, you might want to move filing to the top of your to-do list. The earlier you get it done, the sooner you get that money in your account. And let’s be real—who doesn’t want their coins back as soon as possible? Why Filing Early is a Win Some people wait until the last minute, either out of procrastination or just pure dread, but here’s why you shouldn’t: Faster Refunds – If you file early (and electronically with direct deposit), the IRS typically processes refunds within 21 days . Waiting until April? You might be stuck in the flood of last-minute filers. Avoid Delays – Mistakes happen, and if there’s an issue with your return, catching it early gives you time to fix it without stressing about deadlines. Fraud Prevention – Tax fraud is real. Filing early reduces the chances of someone else trying to claim your refund or file under your name. When Can Y...