Tax Extension Center continues its series of The Top 100 Reasons to File a Tax Extension. This series is intended to show taxpayers that a tax extension is valuable because it saves individuals and/or their businesses time, stress, and even money.

Here’s reason #34: official e-File providers like FileLater get 98% acceptance rates.

In a previous post we covered e-file’s popularity. This reason is about the success rate that authorized e-file providers like FileLater have in getting tax extension requests accepted by the IRS.

FileLater boasts an acceptance rate of better than 98%. That’s impressive. Basically what that means is if you file a tax extension with FileLater, it’s going to get accepted and your going to get that extra 6 months to file your taxes.

Here’s why that’s important: if you mail a tax extension to the IRS, there’s a 0% chance you will hear anything back from them. You won’t get any confirmation telling you they received your request. That means you won’t know if they accepted it either.

With an authorized e-File provider like FileLater, not only are you guaranteed to get a response, FileLater will do everything it can to make sure your extension falls within the 98% range.

Whether you are new to filing an IRS extension or you file one every year, remember that a tax extension does not give you more time to pay what you owe the IRS. You still need to make your payment by midnight on April 15. An IRS extension gives you more time to file the necessary tax forms you’re supposed to file. Failing to make a payment could make you subject to tax extension penalties and interest.

Have you ever filed an IRS extension to file taxes for yourself or your business? Thinking about filing one this year? Drop me a note in the comment section below.