Tax procrastinator?

[Mike Sellers]

AllGold wrote:
I don't know if it's still true but many, many years ago some financial guru said filing an extension actually decreases your chances of an audit, even if you have your taxes ready and file right away. It probably won't help if you have big red flags in your return, but apparently, the IRS pulls the vast majority of their random audits from the on-time filers.

But I've also read that the IRS delays a percentage of random audits so filing an extension doesn't game the system. But I can't help feeling that your scenario is more accurate and they just put the other story out there to keep more people from filing for extensions. Let's face it, by October, they just want to get the last tax season wrapped up and move on to the next one.