⏳IRS Tax Extension 2024: Penalties, Deadlines & Audit Myths EXPLAINED!

🚨 Thinking about filing a tax extension? Before you do, you NEED to know the truth! In this video, we break down:

✅ What a tax extension really does (and what it doesn’t do).
✅ IRS penalties & late fees – how much they can cost you.
✅ The truth about audit risk – do extensions increase your chances?
✅ Key deadlines – what you must pay by April 15 to avoid interest.

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At CryptoTaxAudit, we file, calculate, and defend our members in crypto audits—and we’ve won multiple cases in the U.S. Tax Court. The IRS's aggressive move raises serious questions about fairness in crypto taxation.

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📜 Disclaimer
The content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.