August 15, 2022

Rocky Daily News

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Tax extension doesn’t increase audit risk

1 min read

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If you need more time to file your 2021 taxes, a tax extension won’t increase your risk of being audited, the IRS and two tax professionals told VERIFY.

The tax deadline is fast approaching and if you haven’t filed yet, you’re not alone.

But what happens if you need more time to file your tax return beyond the April 18 deadline? You can electronically request an automatic tax-filing extension.

Over the years, though, some people have claimed that filing a tax extension increases a person’s risk of being audited – that’s when the IRS reviews a person’s filings to be sure they were done accurately. But one Twitter user says that isn’t true – and filing an extension can…



2022-04-15 11:41:11

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