FileLater Launches Real-Time Tax Extension Map – Income Tax Procrastinators Can Unite
Three U.S. Cities Filing the Most Income Tax Extensions: New York, Los Angeles, Nashville
For Immediate Release
March 19, 2010
The IRS reports that more than 15 million Americans file for tax extensions annually. So for tax procrastinators around the United States, take solace you are not alone! FileLater, the online leader in tax extensions, today announced an interactive map that makes it easy and fun for people to connect and see all of the tax extensions being filed across the nation and the cities with the highest concentration of procrastinators.
According to data available through March 20, 2010, New York, Los Angeles, and Nashville are currently leading the nation and filing the most requests for a six-month tax extension.
Using dynamic mapping technology, FileLater created the Tax Extension Map – a real-time representation of the millions of Americans seeking an extension from April 15th to the extended tax deadline of October 15th. The map uses hot red circles to indicate the areas of the nation with the most extension activity, while bursts of red and a Twitter stream precisely highlight individual and business extension activity in real-time. The map is available at www.FileLater.com/procrastinate.
"Procrastinating and filing an extension on your taxes is the right of every citizen and small business in the United States," said Wes Masters, spokesperson for FileLater. "We developed the Tax Extension Map to highlight this under publicized option for tax payers and bring awareness to the cities and states where people are taking the extra time to file their taxes."
Tax Extension Map information is mined using a unique algorithm that extrapolates and combines annual totals from the IRS and FileLater’s online tax extension aggregated customer data.
Filing a tax extension is one of the easiest things an individual can do to provide the extra time necessary to file the best possible tax return without paying a late filing penalty. It simply requires a person to properly fill out IRS Form 4868 (personal taxes) and/or 7004 (business taxes). Contrary to common perception, the IRS does not require an individual or business to list a reason for filing a tax extension and the interest penalty an individual incurs is at a very reasonable rate, currently 4% per year-- just about the best loan available to any individual, adds Wes.
FileLater makes filing a tax extension easy. FileLater 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. The IRS has approved FileLater to electronically submit tax extension forms on your behalf so users who file will receive an email a day later with the status of their extension. It's that simple.