StartupNation’s Rich Sloan interviews Ryan Thompson, co-founder and CEO of FileLater, a company that helps businesses (and individuals) by the thousands conveniently and inexpensively file extensions for their taxes. (You can visit FileLater at www.filelater.com)
Did you know that 15 million extensions are filed with the IRS each year? 10 million of those are personal and 5 million are businesses, which is a huge proportion of overall businesses.
Whether you’re still working vigorously on organizing your documentation and optimizing your tax filing and need a little extra time, won’t have the necessary money to pay your taxes in the March/April timeframe, or if you’re just a typical procrastinator, there are a host of reasons why so many people file extensions.
Thompson’s FileLater is a dot.com that helps people and businesses go through a simple process that’s tied directly into the IRS filing system so they can buy extra time – as far out as September/October of 2009.
On rare occasions, technology (as this podcast series is titled) can give you a breather to get through the annual pay-Uncle-Sam ritual. That’s exactly what FileLater is doing with their clever, niche service.