Question

Does it increase audit risk to pay taxes due a few months late? (Extension filed)

Forum|Forum|3 years ago
January 4, 2023
1 reply
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Wondering if for example someone owes 2k but only pays 1k by April 15th, but files an extension and pays off the rest by October 15th before filing the final return.

Will this increase audit risk? because then the IRS would have to bill you for the interest accrued.

Or would it be better to send extra before the final filing to try to calculate the late fee penalties?

Thanks!

TurboTax Home & Biz Windows

A

Anonymous_

Employee

The mere fact that you are filing an extension increases the audit risk since you are essentially giving the IRS an extra six months to examine your return.