Will extending my tax return increase the risk of audit?
There are three answers to this one. No, No and NO!!!
The IRS selects returns for audit during the following year. For instance, the 2009 returns were all filed by October 15, 2010. The IRS will begin selecting 2009 returns to audit in May 2012. The filing date means absolutely nothing to the selection process. It is not a selection factor in determining which return gets selected.
Extensions do give the IRS more time to audit as well as other advantages. As always, please call (949) 683-8111 or email us at info@southcountycpa.com if you have any questions. We are here to help.
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