As April 15th Tax Deadline Approaches, Taxpayers are Turning to Tax Extensions

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With only two weeks until April 15, many taxpayers are exploring alternatives to the tax deadline. The most popular alternative is a tax extension. FileLater, an authorized IRS E-File provider and the leader in online tax extensions, is now the first and only website to provide an online solution for both businesses and consumers filing an IRS tax extension form IRS 7004 or IRS 4868.

With only two weeks until April 15, many taxpayers are exploring alternatives to the tax deadline. FileLater (http://www.filelater.com), an authorized IRS E-File provider and the leader in online tax extensions, is now the first and only website to provide an online solution for both businesses and consumers filing an IRS tax extension form IRS 7004 or IRS 4868.

Every year, 15 million businesses and consumers file tax extensions, extending their deadline by up to six months. The extra time allows them to ensure paperwork is completed correctly and that all possible deductions are found.

FileLater has filed more tax extensions through March of this year than all of last season. In fact, they are filing as many extensions daily now as they did in the few days leading up to the April 15 spike last year and have already seen more than five times the website traffic this season.

FileLater CEO Ryan Thompson says, "We believe this data indicates more people and businesses are filing tax extensions this year, and it's likely the economy is having an impact on people's ability to file on time. Taxes have become more complicated than ever, and many consumers don't have the money to devote to a CPA for last minute filing. For many, it is more important than ever to take the time to find every possible deduction and minimize tax payments."

Filing online makes this process more convenient, and is the only way to receive a confirmation when the extension has been approved. This confirmation will prevent incurring substantial late fees if their extension gets lost in the mail or is completed incorrectly and therefore rejected by the IRS.

FileLater is also a solution for anyone who is missing a W2 or for those procrastinators who don't want to pay last-minute CPA filing fees. For those who owe money, FileLater offers a tax balance calculator, which will easily estimate what they need to pay and allow them to pay their balance online without going through the entire filing process.

FileLater has cut the jargon out of the IRS tax extension process and made filing so simple that they have had a 98% acceptance rate by the IRS this year. They offer a support staff through phone, email and chat to further ensure that extensions get approved and they are the only online tax extension service that is a BBB accredited business. Business tax extensions are priced at $39.95 and personal tax extensions are priced at $17.95.

About FileLater (http://www.filelater.com):
FileLater is a safe, easy and convenient online service for individuals and businesses to file tax extensions. An IRS tax extension gives individuals up to six more months to file a tax return, extending the deadline from April 15 to October 15, and extends the business deadline to September 15. FileLater allows individuals and businesses to extend deadlines for federal taxes, and, as laws vary from state to state, provides instructions and relevant forms to extend state tax deadlines for all states. Tax extensions do not extend the time for individuals or business to make a payment, only to file the necessary paperwork, however taxpayers can use FileLater to submit payment to the IRS directly from their bank account. The company was developed so people without tax expertise can extend their tax deadlines without involving a professional tax preparer and to provide a better solution for people who already file their own tax extensions. To view a demonstration of their tax extension service, visit the demo page: http://www.filelater.com/demo.html.

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MARK FAGGIANO
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