Individual Tax News - Beene Garter

A Simple Flowchart Of The QBI Deduction

Posted May 26, 2020

Our flowchart of the QBI deduction will help you understand the deduction and whether you're able to claim it. You … Read More

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Is The IRS Watching Your Virtual Currency Transactions?

Posted January 29, 2020

As a holder of virtual currency like Bitcoin or Ether, you may have questions about how this currency affects your … Read More

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3 Important Retirement Planning Ages You Need To Know

Posted January 22, 2020

There are a few important ages that should play a key role in your retirement planning. And, the Setting Every … Read More

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SafeSend Returns Frequently Asked Questions

Posted November 7, 2019

Beene Garter uses an electronic delivery system for tax returns called SafeSend Returns. SafeSend Returns allows our qualifying clients to … Read More

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A Social Security Number Phone Scam Is Back. Here’s How To Stay Safe.

Posted December 4, 2019

Social Security number phone scams are on the rise, with new variations emerging every day. These scams can often seem … Read More

Image of middle age woman sitting at desk in office and calculating her 2018 QBI deduction

How To Calculate The QBI Deduction

Posted October 2, 2019

The qualified business income deduction - QBI deduction - is relatively new to the tax scene. It's a powerful tool … Read More

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24 Michigan Cities That Make You Pay Income Tax

Posted July 17, 2019

Which Michigan cities make you pay income tax? As of Jan. 1, 2019, 24 cities in Michigan impose an income … Read More

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How Do Business Losses Affect My QBI Deduction?

Posted June 27, 2019

The QBI deduction is more complicated than just claiming a 20% deduction on your income. Qualified trades and income limits … Read More

Business owner looking up the tax form he needs for QBI deduction on laptop

The One Tax Form You Need To Claim The QBI Deduction

Posted June 19, 2019

Which tax form do you use to claim the QBI deduction? You use Form 8995, Qualified Business Income Deduction Simplified … Read More

How To Aggregate Your Businesses For The QBI Deduction

Posted May 16, 2019

If you're eligible to claim the QBI deduction and you're involved with multiple businesses, you may want to consider aggregating … Read More

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