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IRS 1040 - Schedule C 2025 for Raleigh North Carolina: What You Should Know
A recent change to IRS rules requires taxpayers and their representatives to make sure all tax returns will be filed on time. (Effective September 2025 through January 2023). If you are required to file an annual return, this change may trigger a deadline for you to file, as required by the IRS. The deadline for 2025 is 5 May 2018. If you are required to make Forms 1040 and 1040-EZ, you can postpone your filing until 5 June 2025 if we are given the required information before the filing deadline. If you do not file your forms by 5 June 2018, we will begin processing your return and issue you a Notice of Lien. If you do not file your return by 5 June 2018, we must begin issuing a Notice of Federal Tax Lien. A few more important changes were recently made to the Taxpayer's Responsibility to Maintain Accounts (TRAMP) rules, and are effective after 5 April 2020. Please read the following notice carefully before filing to the IRS or you may encounter problems. Effective 5 April 2020, the new IRS rules are being phased in. The IRS must now ask taxpayers to maintain an account with a financial institution (i.e., a bank or credit union) at their option if all the following are true: you will be using the financial institution to obtain any of your future distributions; you hold a balance, such as money deposited in a savings account, in your old account; you have a financial institution open for one year or longer; and we will not be able to contact you to obtain any of your future distributions.
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