well,You might want extra time to make sure your return is accurate. Maybe you've had changes in your life that require some extra paperwork. Whatever your situation, here are six reasons why you should file for a tax extension this year.

Who doesn't want more time to file their taxes? There's no need to rush around wrangling IRS forms during March and April. Instead, take time to make sure that your tax return is accurate and that you're getting every deduction you're entitled to. Many taxpayers file personal and/or business tax extensions every year like clockwork, just so they have the maximum amount of time.
You'll get more personal attention from your accountant. If you work with an accountant, then you know what a rough time of year tax season is for them. Give your accountant some relief during the busy period--and reap the benefits of working with someone who's actually slept more than two hours a night in the last month.
Tax season is for everyone else. Break away from the herd at the post office and in your CPA's waiting room. You don't need the stress and frustration of getting lost in the crowd when you're filing your taxes.
You can keep an eye out for new deductions. The US tax code is in a constant state of flux. If you wait as long as possible to file, you may benefit from a newly enacted regulation or from a change in your own status.
You'll lower your chances of an audit. Many taxpayers think that any return which stands out from the pack is more likely to get scrutinized--but in the case of tax extensions, that's not true. IRS agents have an audit quota to fill, but they usually meet it well before the October 15 tax extension deadline.
The IRS doesn't care why you want an extension. As long as you accurately complete IRS Form 4868 (for personal income taxes) and/or Form 7004 (business taxes), you'll automatically be granted an extension. So take your time with your taxes this year. You might come out ahead!

Answered by Seema , an ibibo Master, at 10:56 AM on December 25, 2008