It’s always best practice to file your tax return

It is always best practice to file your tax return.  To qualify for the new stimulus package and to facilitate payment, you need to have filed your 2018 or 2019 tax returns with your bank account information.  For those people who didn’t meet the filing thresholds and didn’t file, they find themselves scrambling now to ‘get er done’ during this crisis.  Oftentimes, clients don’t file their taxes for years, then suddenly an event happens that requires tax returns and sometimes several years of tax returns.  This can be very costly, not only for tax preparation fees, but opportunity cost by not being ready at a critical moment.