If you have all of your tax documents, filing early and with direct deposit is a great way to quickly get your refund.

On the other hand, if you owe tax, you can set the payment date as late as Apr 15 to give yourself time to save up if needed.

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If you make under a certain income threshold, it may be worth looking for a VITA site. There, volunteers will prepare your federal and state tax returns for free.

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Even if you won’t owe any tax, it may be worth filing to receive refundable credits such as the earned income tax credit

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If you got married at any point during the year, you’ll have to file married (jointly or separately) for the whole year (even if you get married on December 31!)

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Be sure to file your return on time, because you only have 3 years from the due date to claim any refund!!

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Even if you didn’t have income, it may be worth filing a tax return because the IRS generally only has 3 years* to assess extra tax, measured from the date of filing (or the due date of the return, whichever is later).

*This can be longer in some cases, such as fraud or substantial understatement.

If you own a single member LLC, it’s generally disregarded for tax purposes and has no impact on your income tax liability! Some people think it does; they’re wrong! You can elect to have it taxed as a corporation but that’s not the default treatment.

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If you get a notice from the IRS, the worst thing to do is wait! By waiting, you might unknowingly be giving up the right to use certain tools to resolve the issue (many of them are time-sensitive)!

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