Major Accounting & Tax Services

10/15/2026

ATTENTION!!! Did you file an IRS Extension (IRS form 4868) by April 15, 2026 for your 2025 taxes? Thursday October 15, 2026 is the last day to file your taxes without paying a late filing penalty! Call MATS we can help you.

10/11/2026

Topic No. 305, Recordkeeping

10/11/2026

Say how long should you keep those tax documents?

Properly organized records not only streamline the tax preparation process but also ensure compliance and readiness in case of an examination. Here are some key tips to enhance your recordkeeping practices:

1. Keep essential documents: Keep receipts, canceled checks, and any documents that support your income and deductions.
2. Know the retention period: Generally, keep records for at least three years from the filing date of your return. This is crucial for accurate reporting and potential audits.
3. Utilize technology: To save time and reduce clutter, use digital tools and software to organize and store your records securely.
4. Educate your clients: If you’re a , help your clients understand the importance of maintaining organized records.

For more detailed guidance on recordkeeping, visit: www.irs.gov/recordkeeping

09/19/2026

https://www.cnbc.com/amp/2026/09/18/irs-offers-in-compromise.html

More taxpayers have been applying for an "offer in compromise" since 2023, but the IRS has accepted far fewer requests. Tax experts are unsure why.

09/16/2026

It is not too late; you can still send it in. https://www.facebook.com/share/1cs9Hwtkf5/

If you make quarterly estimated tax payments, mark your calendar. The third estimated tax payment for 2026 is due September 15.

Self-employed individuals, retirees, investors, and others who have income that isn’t subject to withholding may need to make estimated tax payments. Making payments on time can help taxpayers avoid an unexpected tax bill or possible penalties.

Learn more about estimated taxes from the : www.irs.gov/estimatedtaxes

09/13/2026

The race is on to file that 2025 Tax Return Extension before the due date...

If you requested an extension to file your return, there’s no need to wait for the checkered flag. The deadline is October 15. Use Free File for a fast and secure way to file. Click here for more info: IRS.gov/FreeFile And have a blast at the International Camel & Ostrich Races 2026!

09/13/2026

Make sure you have the correct amount of taxes withheld and estimated taxes paid in for tax year 2026 before they are due in 2027. See below:

2026 Payment Schedule:

Due April 15, 2026: First-quarter payment (covering income from January 1 to March 31)

Due June 15, 2026:
Second-quarter payment (covering income from April 1 to May 31)

Due September 15, 2026:
Third-quarter payment (covering income from June 1 to August 31)

Due January 15, 2027: Fourth-quarter payment (covering income from September 1 to December 31)
(https://www.jwoodcpa.com/blog/estimated-tax-payments-schedule-2026/)

Use the Tax Withholding Estimator to check if you should make an adjustment now to avoid an unexpected tax bill later. Learn more: https://ow.ly/exWo50ZJv3k

09/12/2026

Awesome! I love ballet!

🎂🎈🎂🎈🎂
Happy Birthday To ! She Is 44 Today! Ballet dancer who became the first African-American soloist in the history of the American Ballet Theatre, eventually becoming the first African-American woman to serve as the company's principal dancer.🌹🌹

09/12/2026

Alert! 🚨
Time is winding down! MATS can help you file!

It is time to get those
2025 Tax Extensions Fiiled before the up coming deadline!

This Week:
S Corporation or Partnership / Multi-Member LLC (taxed as a pass-through): You must have filed Form 7004 by March 15, 2026 (for the 2025 tax year) to push/extend your final filing deadline to September 15, 2026.

Next Month:
Individuals: You must have filed Form 4868 by April 15, 2026 (for the 2025 tax year) to push/extend your final filing deadline to October 15, 2026.

IR-2026-52, April 14, 2026 — As the end of filing season approaches, the Internal Revenue Service reminds taxpayers they can get an extension to file their federal income tax return until Oct. 15, 2026, but they must request the extension by April 15, 2026, in order to avoid penalties.

08/27/2026

With NAACP – I just made it onto their weekly engagement list by being one of their top engagers! 🎉