FAQ
What are the fees to file a tax extension?
Filing an extension with Online Tax Brain's Extension Center is free of charge. Simply download the forms you need, and mail your extension with your estimated tax payment.
If I file an extension, am I still required to pay?
Filing an extension will give you additional time to complete your 2007 tax return – in most cases until August 15, 2008. If you owe money, you are still required to pay any taxes due by April 15, 2008 or you may be subject to penalties and interest.
How much do I need to pay when I mail my extension?
Use online Tax Brain.com to find out how much you owe in both federal and state taxes. There is no charge for preparing and printing the preview copy of your tax return.
Federal "Safe Harbor" Rule: If you pay at least 90% of your prior year federal tax liability (line 10 on your 1040EZ, line 38 on your 1040A, or line 60 on your 1040) on or before April 15, 2008, you will NOT be subject to IRS late filing penalties. Note: "safe harbor rules" vary from state to state. Please refer to the appropriate state page for more information.
Can I file my tax extensions electronically?
Some online providers will charge up to $20 per extension when you can do it yourself for FREE! Tax Brain Extension Center makes it easy for you to download the forms (free of charge) and file your state and federal tax extensions with ease.
If you opt to use PAY1040.com and make your payment with a credit card, the entire transaction including the filing of your extension is handled electronically. PAY1040.com will assess a convenience fee.
Do I need to file an extension if I'm expecting a refund?
The IRS and most states require that you file for a tax extension regardless of whether you owe taxes or not. However, there are no additional fees, penalties or interest charges due on a refund tax return filed after the April 15 deadline.
Can I pay my taxes and file an extension using a credit card?
Yes. The IRS and most states accept tax extensions and payments electronically through PAY1040.com. Using this option, the entire transaction can be handled online or via telephone. Find the Extension Center page for your state and get the details!
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