Taxpayers Filing Tax Extensions at Record Pace. FileLater.com a Popular Choice for Filers.

Feeling the stress of the upcoming April 15 income tax deadline? There's a great way to end the anxiety -- file a tax extension and delay your income tax deadline to October 15. More taxpayers will file a tax extension this year than ever before. The fastest way to file an extension is to file it online through a website run by an approved IRS e-file provider like FileLater.com.

San Diego, CA (PRWEB) April 14, 2008 -- Feeling the stress of the upcoming April 15 income tax deadline? More taxpayers than ever are choosing to file a tax extension to end their anxiety and give themselves 6 more months to file their taxes.

According to the IRS, more than 10 million extension requests will be filed during 2008 compared with 10 million extensions received during 2007. In addition, the IRS expects to receive almost 2 million extension requests electronically this year.The fastest way to file an extension is to file it online through a website run by an approved IRS e-file provider like FileLater.com (http://www.FileLater.com).

Unfamiliar with extensions? The IRS is willing to grant taxpayers a six month income tax extension without an excuse to extend. In fact, the IRS doesn't even ask taxpayers their reason for extending. As long as the extension is properly submitted with accurate information, the IRS will automatically grant the six month extension.

FileLater.com makes filing a tax extension easy. FileLater.com asks for basic contact information and then takes filers through a few simple questions to determine if they want to make a tax payment along with their extension. The whole process takes less than 10 minutes. FileLater.com sends users who file an extension an email a day later with the status of their extension. It's that simple.

Another benefit to using FileLater.com is that it helps taxpayers make sure their information is accurate. The website will even help submit extensions multiple times (for no additional fee) if for some reason an extension gets rejected.

FileLater.com also provides an online calculator to help taxpayers determine if they should make a payment with their income tax extension. If a taxpayer decides to make a payment, they'll be able to either mail a check directly to the IRS or pay via direct debit from their bank to the IRS as part of their tax extension e-file.

It is important to note that filing a tax extension does not grant a taxpayer extra time to pay the IRS if they expect to owe the IRS additional tax dollars beyond any current W2 withholdings or estimated tax payments already made for the 2007 tax year. If a taxpayer owes the IRS when they file their return and don't pay when they file an extension, they may be subject to penalties and interest payments.

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