Monday, January 4, 2016

IRS starts accepting returns January 19th

IRS will begin accepting your Tax Returns on January 19th!

Give us a Call Today to make your appointment at 510-658-3540.

Friday, February 6, 2015

New Upgrades to Our Website!!!

You can now File your Taxes on line via our Website at a reduced rate.

Check out our new upgrades at

IRS is processing and allocating refunds now!

Make your tax appointment today!

Give us a call at 510-658-3540 or come in to 5536 Martin Luther King Jr Way, Oakland, CA.

Monday, June 30, 2014

Wyatt and Associates is becoming more Social Savvy!

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Sunday, February 2, 2014

Tax Season Is Here!

Tax Season is Here! Call Wyatt & Associates for an Appointment today at 510-658-3540!

Stop into Wyatt & Associates - 5536 Martin Luther King Jr Way, Oakland, CA 94609

IRS Kicks Off 2014 Tax Season; Individual Returns Can Be Filed Now; Free Online Services Available to Help With Filing, Refunds, EITC

IRS YouTube Videos
Do It Yourself Free Tax Preparation:  English | Spanish | ASL
When Will I Get My Refund?:  English | Spanish |ASL
IRS Social Media:  English
IR-2014-9, Jan. 31, 2014
WASHINGTON — The Internal Revenue Service today opened the 2014 filing season by highlighting a growing array of online services and encouraging taxpayers to check out a variety of tax benefits, such as the often-overlooked Earned Income Tax Credit.
Taxpayers have until Tuesday, April 15, 2014, to file their 2013 tax returns and pay any tax due. The IRS expects to receive more than 148 million individual tax returns this year, and more than four out of five returns are now filed electronically.
About three out of four filers typically get refunds, and the IRS issues more than nine in ten of these refunds in less than 21 days. Last year, taxpayers received an average refund of $2,755. E-file, when combined with direct deposit, is the fastest way to get a refund. More than three out of four refund recipients now choose direct deposit.
“Tens of millions of people will file their taxes in the next few weeks, and we encourage taxpayers to visit as the best place to get quick help,” said IRS Commissioner John Koskinen. “We continue to add features and make it more user-friendly to help taxpayers. People can get everything from answers to tax questions about preparing their tax return to checking the status of their refund after they file.”
The IRS began accepting and processing individual tax returns today after updating tax forms and completing programming and testing of its systems. The IRS also has updated and strengthened its systems to help protect against refund fraud and identity theft. This annual updating process saw delays in October following the 16-day federal government closure.
EITC Awareness Day Highlighted
Today also marks the annual Earned Income Tax Credit Awareness Day. Koskinen and other IRS officials are joining local leaders and community organizations across the country at news conferences and outreach events highlighting the benefits of EITC, which helps working families with low and moderate incomes. Koskinen attended an EITC event today at Baltimore CASH with a variety of local, state and federal officials.
Although an estimated four out of five eligible workers and families get this key work incentive, one in five miss out on EITC. That’s because either they don’t claim it when filing or they don’t file a tax return at all because their income is below the filing threshold. One-third of the population eligible for EITC shifts each year as their personal circumstances, such as work status or family situation, change and can affect eligibility. “We urge people to look into EITC. Many people don’t realize they are eligible and simply overlook this credit,” Koskinen said. “There are easy ways to find out more about this credit, either by visiting, or using Free File or a software package. The IRS is working hard to educate people about EITC while also putting in place processes that identify and prevent improper payments.”
Online Tools at Available to Help
Aimed at individuals and families who made $51,567 or less last year, the EITC varies by income, family size and filing status. People can see if they qualify by visiting and answering a few questions using the EITC Assistant, a special online tool. Eligible taxpayers can also use another helpful online resource, the VITA Site Locator tool to locate one of nearly 13,000 community-based volunteer tax sites consisting of over 90,000 volunteers that can help them file their return for free.
The EITC Assistant and VITA Site Locator are just two of a growing array of online and automated IRS services that can help taxpayers get the information they need to file their returns and get their refunds quickly.
Tele-Tax, for example, helps taxpayers see if they qualify for various tax benefits, such as the Child Tax Credit and Additional Child Tax Credit for eligible families, the American Opportunity Tax Credit for parents and college students, the saver’s credit for low-and moderate-income workers saving for retirement and energy credits for homeowners making qualifying energy-saving home improvements. The automated IRS services can also help home-based businesses check out the new simplified option for claiming the home office deduction, a straightforward computation that allows eligible taxpayers to claim $5 per square foot, up to a maximum of $1,500, instead of filling out a 43-line form (Form 8829) with often complex calculations.
When taxpayers are ready to fill out and file their returns, another online option, available exclusively on, enables anyone to e-file their returns for free. Free File offers two free electronic filing options: brand-name tax software or online Fillable Forms. Taxpayers who make $58,000 or less can choose free options from 14 commercial software providers. There’s no income limit for the second option, Free File Fillable Forms, the electronic version of IRS paper forms, which is best suited to people who are comfortable preparing their own tax return.
Even after taxpayers file, there are more online tools that can provide them with valuable assistance long after tax season ends. One of the most popular is Where’s My Refund?, a tool available on that enables taxpayers to track the status of their refund. Initial information will normally be available within 24 hours after the IRS receives the taxpayer’s e-filed return or four weeks after the taxpayer mails a paper return to the IRS. The system updates every 24 hours, usually overnight, so there’s no need to check more often.
For taxpayers whose concern isn’t a refund, but rather, a tax bill they can’t pay, the Online Payment Agreement tool can help them determine whether they qualify for an installment agreement with the IRS. And those whose tax obligation is even more serious, the Offer in Compromise Pre-Qualifiercan help them determine if they qualify for an offer in compromise, an agreement with the IRS that settles their tax liability for less than the full amount owed.    
Another useful year-round tool, the IRS Withholding Calculator, helps employees make sure the amount of income tax taken out of their pay is neither too high nor too low. This tool can be particularly useful to taxpayers who, after filling out their tax returns, find that the refund or balance due was higher than expected.
Tax Help Through YouTube, Twitter, Tumblr
The IRS also offers more than 100 short instructional videos, tax tips and other useful resources year-round through a variety of social media platforms. They include:
The IRS only uses social media tools to share information with the public, not to answer personal tax or account questions. And the IRS reminds taxpayers to never post confidential information, such as a Social Security number, on social media sites.

Tuesday, September 24, 2013

Seminars and IRS Tax Extension Deadline


I had the pleasure of speaking on Finance and Budgeting for Cellar Ministries in Oakland on 09/15/13.

I have uploaded the YouTube links if anyone is interested, please search for me by name and date.

Many concerns of some of the attendants was how to make ends meet on a super fixed income. Identify your Vices(cigarettes, soda) and consider an Annuity versus a Savings account with 1-2% interest.

Now the IRS Tax Extension Deadline for Personal & Partnership returns is right around the corner 10/15/2013.

Please feel free to give Wyatt & Associates a call at 510-658-3540 and make an appointment today it's not too late!

Monday, September 9, 2013

Toxic Finances/Toxic Spending

Toxic Finances – Javani Wyatt
Saturday, 09/07/13

How on earth can finances become toxic? What does that look like? What are the causations?
Why do people become accustomed to mismanagement and debt sickness? How does one
"under water" become rescued?

Scripture Reference:
A certain woman of the wives of the sons of the prophets cried out to Elisha, saying, “Your
servant my husband is dead, and you know that your servant feared the Lord. And the creditor is
coming to take my two sons to be his slaves.” So Elisha said to her, “What shall I do for you? Tell
me, what do you have in the house?” And she said, “Your maidservant has nothing in the house
but a jar of oil.” Then he said, “Go, borrow vessels from everywhere, from all your neighbors—
empty vessels; do not gather just a few. And when you have come in, you shall shut the door
behind you and your sons; then pour it into all those vessels, and set aside the full ones.” So she
went from him and shut the door behind her and her sons, who brought the vessels to her; and
she poured it out. Now it came to pass, when the vessels were full, that she said to her son,
“Bring me another vessel.” And he said to her, “ There is not another vessel.” So the oil ceased.
Then she came and told the man of God. And he said, “Go, sell the oil and pay your debt; and
you and your sons live on the rest.” (II Kings 4:1-7 NKJV)

How on earth can finances become toxic?
Nothing Bad is My Fault: Toxic Financial Attitudes
I can’t get a job because the economy is bad.
I keep getting charged fees by my bank, and it’s due to their policies.
I’m in debt because of a financial emergency.
I lost money on my investment.
Do I want to live for today or for the future?
What does that look like?
When you rob Peter to pay Paul?
Pay Day Advances
Charge It
Financing Your Wants & Begging for Your Needs (Needs versus Wants)
Stop trying to keep up with the Jones
Caviar Dreams on a McDonalds Budget

What are the causations?
Your Environment(Self-worth/status/appeal/self-love/self-love/self-esteem/envy/greed)
All of the topics are interrelated. Toxic relationships affect your
Toxic Friendships, which affect your Toxic Workplace, which affects your Toxic Faith,
which affects your Toxic Finances

How we were taught about money as a culture directly impacts how we use it.
Buying a house
Buying A Car
College Fund
Retirement Fund
Life Insurance

Why do people become accustomed to mismanagement and debt sickness?
Hand Out versus Help up – give a man a fish he’ll eat for a day, teach a man to fish he’ll
eat for a lifetime

Someone Will Take Care of Me: Toxic Financial Attitudes
Don’t rely on your family
Don’t rely on the government or charity
Don’t rely on God alone

What are your habits & hangs up as to why your spending is so out of control?
Living paycheck to paycheck with no ER fund, savings or investments
If you didn't want to work or couldn't work for a year would u be able to survive without any

How does one "under water" become rescued?
Clean up your Environment
Peel off the toxic Layers
Get real with yourself and do the work to become whole again - Total Prosperity comes into action
Learn to be a good steward over your finances
Learn to live within your means
Putting your self in a different mindset for financial growth
Lets get real about our finances
Change the mindset of your thinking
Being willing to make sacrifices
Budget: 10-10-10-70(Tithe-Save-Investment-Live)
What’s your credit score?
Have you seen your Credit Report?
Do you know how to clean it up?
What financial legacy do you want to leave for your children? Bad habits, debt or
Cash is King! (Dave Ramsey)
Planning, Balance your checkbook, monitor your spending, keep receipts, write down all
of your expenses, Clearance, Sale, Coupons, Layaway
Talk to a financial advisors

Believe the prayers that you have prayer will come to past

Wednesday, July 18, 2012

Tax Extension Deadlines are Approaching......

Please Do Not Wait Until the Last Minute to get your Tax Extensions Filed......

Important Due Dates....

September 17th - Partnerships(IRS FORM 1065) who filed 5-month Extensions
September 17th - Corporations(IRS FORM 1120(S) who filed 6-month Extensions
October 15th - Personal Income Tax Returns(IRS FORM 1040) who filed 6-month Extensions

Please Note that an Extension in filing does not absolve you from the Tax that was Due on April 15th. You will be subject to Penalties and Interest due to Late Filings...

If you have any questions or need further explanation, feel free to give Wyatt & Associates a call at 510-658-3540.

You are not alone! Do not battle the Internal Revenue Service and Franchise Tax Board by yourself....

Call Us Today!!!