Wyatt-Martin & Associates

Call Directions Website

Wyatt-Martin & Associates www.Wyatt-Martin.com Wyatt-Martin & Associates is a CPA firm practicing in Maryland.

We prepare federal and state tax returns for residents and businesses of all states. We also provide personal and business finance consulting - including budgeting, real estate consulting (purchase & refinance), tax planning, retirement planning and estate planning. Wyatt-Martin & Associates also provides small business consulting services, and payroll processing.

December 31 is a hard wall for several 2026 tax actions. After it passes, some options are gone.Start with FSA/HSA:• Hea...
10/05/2026

December 31 is a hard wall for several 2026 tax actions. After it passes, some options are gone.

Start with FSA/HSA:
• Health care FSA contributions are capped at $3,400 for 2026. FSA funds generally must be spent by December 31 unless your employer offers a carryover of up to $680 into 2027 or a grace period, typically through March 15, 2027-not both.
• HSA funds do not generally expire. However, 2026 HSA contributions are limited to $4,400 for self-only coverage or $8,750 for family coverage, plus a $1,000 catch-up contribution at age 55 or older. Contributions can generally be made through April 15, 2027, but December 1 coverage status can affect 2026 eligibility. A general-purpose FSA can also prevent HSA contributions.

Before year-end:
• Maximize 401(k) payroll deferrals. April cannot fix missed payroll contributions.
• Take required minimum distributions if you are 73 or older. Missing one can trigger a 25% penalty.
• Harvest investment losses to offset capital gains.
• Bunch charitable gifts into 2026. If eligible, consider a qualified charitable distribution from an IRA.
• Evaluate a Roth conversion.

Your fourth-quarter estimated tax payment is due January 15, 2027-not December 31.

Tax season is too late for several of these decisions. Schedule a review: 30 minutes for $50 or 60 minutes for $100.

www.wyatt-martin.com

October 15, 2026 is the final deadline for taxpayers who filed Form 4868 to submit their 2025 federal tax return. No add...
09/15/2026

October 15, 2026 is the final deadline for taxpayers who filed Form 4868 to submit their 2025 federal tax return. No additional extension is available.

Have these documents ready for your tax professional:
• All W-2s
• 1099 forms, including 1099-NEC, 1099-INT, 1099-DIV, 1099-B, and 1099-R
• 1098 forms for mortgage interest and student loan interest
• Charitable donation receipts
• Medical expense records
• Records of estimated tax payments
• Last year’s tax return

Do not ignore older unfiled returns. Generally, the IRS will not issue a refund claimed more than three years after the original filing deadline. That money is forfeited.

Schedule your consultation now. 30 minutes: $50. 60 minutes: $100.

Serving individuals and small businesses throughout the Greater Baltimore/Washington area.

www.wyatt-martin.com

There are roughly 3½ months left in 2026. Tax season is too late to implement many year-end strategies.Before December 3...
09/12/2026

There are roughly 3½ months left in 2026. Tax season is too late to implement many year-end strategies.

Before December 31, review:

• Maximize eligible 401(k) and IRA contributions.
• Harvest investment losses to offset capital gains.
• Consider bunching charitable donations into 2026.
• Check tax withholding now to reduce underpayment-penalty risk.
• Evaluate whether a Roth conversion makes sense before year-end.
• Use eligible FSA funds before your plan deadline.

The right strategy depends on your income, filing status, investments, retirement accounts, and charitable giving. Waiting until tax season limits your options.

Schedule a tax planning consultation:
30 minutes: $50
60 minutes: $100

www.wyatt-martin.com

Stop overpaying taxes. Contributing to an employer-sponsored retirement plan reduces your current taxable income or secu...
07/23/2026

Stop overpaying taxes. Contributing to an employer-sponsored retirement plan reduces your current taxable income or secures tax-free withdrawals later. It is an efficient use of capital.

If you need liquidity, a 401(k) loan provides access to funds tax-free. You may borrow the lesser of $50,000 or 50% of your vested balance. Repay within five years to avoid taxable distributions and the 10% early withdrawal penalty.

Proper ex*****on is required. Errors are costly.

Pricing:
- 30-Minute Consultation: $50
- 60-Minute Consultation: $100

Schedule your session at www.wyatt-martin.com.

Stop losing revenue to unnecessary self-employment taxes.If your business net profit exceeds $60,000–$80,000, an S Corp ...
07/17/2026

Stop losing revenue to unnecessary self-employment taxes.

If your business net profit exceeds $60,000–$80,000, an S Corp election is a logical financial move. This status allows you to draw a reasonable salary while taking the remaining profit as distributions.

The benefit is direct: Distributions are not subject to self-employment tax. Only your salary is.

Wyatt-Martin & Associates evaluates your specific financials to confirm if this transition yields a net gain for your bottom line. We handle the analysis and the filing.

Professional Consultation Fees:
30 minutes: $50
60 minutes: $100

Visit www.wyatt-martin.com to schedule.

Maryland residents: The deadline for the Homeowners' and Renters' Tax Credit programs is October 1, 2026. These credits ...
07/15/2026

Maryland residents: The deadline for the Homeowners' and Renters' Tax Credit programs is October 1, 2026. These credits are separate from your income tax return and must be applied for through Maryland OneStop.

Homeowners' Property Tax Credit (HTC):
- Eligibility: Gross income of $60,000 or less; net worth under $200,000 (excluding home and retirement accounts).
- Seniors 60/65+ are not required to have filed a tax return to qualify.
- This credit directly reduces your property tax bill.

Renters' Tax Credit (RTC):
- Benefit: Up to $1,000 direct payment.
- Eligibility: Renters aged 60+, 100% disabled, or under 60 with dependent children.
- Net worth must be under $200,000.

Missing these deadlines results in a forfeited credit. We provide professional guidance on these applications and comprehensive tax planning to maximize your savings.

Consultation fees:
- 30 minutes: $50
- 60 minutes: $100

Ensure your eligibility and secure your credits before the October deadline. Visit our website to schedule a session.
www.wyatt-martin.com

The deadline to recover COVID-era tax penalties is July 10. No exceptions.Per Kwong v. United States, taxpayers assessed...
07/06/2026

The deadline to recover COVID-era tax penalties is July 10. No exceptions.

Per Kwong v. United States, taxpayers assessed penalties or interest on personal returns due between January 20, 2020, and July 10, 2023, are eligible for refunds or abatements. This applies to:
- Failure-to-file penalties
- Failure-to-pay penalties
- Underpayment of estimated tax
- Associated interest

Wyatt-Martin & Associates handles these filings via IRS Form 843. If you were penalized during this period, you may be owed a significant refund.

Our process is direct:
30-minute consultation: $50
60-minute consultation: $100

We will evaluate your eligibility and file the necessary documentation. The window for these claims closes in six days.

Schedule your session immediately at www.wyatt-martin.com.

Stop overpaying the IRS. High-earning taxpayers lose $10,000 or more every year due to inadequate tax planning. Wyatt-Ma...
07/01/2026

Stop overpaying the IRS. High-earning taxpayers lose $10,000 or more every year due to inadequate tax planning.

Wyatt-Martin & Associates provides the strategic expertise required to retain your capital. We represent individuals and small businesses throughout the Greater Baltimore and Washington D.C. area.

Fixed Consultation Fees:
- 30-minute session: $50
- 60-minute session: $100

Tax Preparation:
$125 - $850

Secure your appointment at www.wyatt-martin.com. Professional results require professional planning.

The IRS has issued a tax-free raise for 2026.The standard deduction has increased to $16,100 for single filers and $32,2...
06/10/2026

The IRS has issued a tax-free raise for 2026.

The standard deduction has increased to $16,100 for single filers and $32,200 for joint filers. This income is effectively shielded from federal tax.

Reactive tax planning is a liability. We provide proactive accounting and tax services for individuals in the Greater Baltimore/Washington area. You receive expert guidance without the inflated CPA fees.

Consultation fees:
- 30 minutes: $50
- 60 minutes: $100

Tax preparation: $125 - $850.

Book your appointment at www.wyatt-martin.com to secure your financial strategy.

Put your teenager to work this summer. For 2026, the federal standard deduction for dependents has increased to $16,100....
06/09/2026

Put your teenager to work this summer. For 2026, the federal standard deduction for dependents has increased to $16,100. This means your child can earn up to that amount without owing a single dollar in federal income tax.

This is a significant financial advantage for families in the Baltimore and DC area. It allows students to maximize their savings for education or personal expenses while gaining professional experience.

Ensure your dependent files a return if taxes were withheld by their employer to claim a full refund. Tax efficiency is not just for businesses; it starts at home.

Contact Wyatt-Martin & Associates for a 30-minute consultation ($50) or a 60-minute session ($100) to review your family’s tax strategy.

Address

Baltimore, MD
21208

Telephone

+18888316671

Website

Alerts

Be the first to know and let us send you an email when Wyatt-Martin & Associates posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category