Myth Busted: Filing a Tax Extension Does NOT Increase Your Audit Risk
One of the biggest myths in tax: filing an extension increases your audit risk. It does not. The IRS has confirmed this repeatedly. Extensions are routine. Millions of taxpayers file them every year. What does increase audit risk: ❌ Errors on your return ❌ Inconsistencies between income reported and IRS records ❌ Unreported income ❌ Math mistakes All things that happen more often when you rush to meet a deadline. If anything, an extension gives you time to file a cleaner, more accurate return, which reduces your audit exposure. File when you are ready, not when you are rushed. Schnoldine Lynn Joseph, EA, ensures every return filed is accurate and audit-resistant. 📞 JRICKSS Financial Services (844) 200-8027 | (973) 392-2785 🌐 book.jrickssfinancialservices.com
