The Tax Software includes:
- Electronic Filing Electronic filing with Drake Software is fast, easy, and free. There are no per-return transmission fees, no third-party e-filers, and no hassles. We know how important safety and reliability are to you. Drake has been part of e-filing since its inception in 1986. We design and maintain our system with the necessary technology and precautions. With our efficient system, you can rest assured that your data is secure.
- Federal Packages We include all Federal tax packages: 1040, 1040NR, 1041, 1065, 1120, 1120S, 706, 709, 990, and 990PF. Our professional tax suite makes your purchase decision very simple. There are no separate modules to buy everything you need is included for one low price.
- State Packages Drake Softwares all-inclusive tax software program includes 47 state packages. The state packages are comprehensive, offering both Individual and Business returns.
- Drake Software is loaded with features and tools to help you with the day-to-day operation of your business.
- Reporting Reporting within Drake Software is accurate, robust, and easy to use. With client return reports, e-file reports, and real-time web reports, its easy to stay on top of the flow of your office.
- Networking Do you have several people in your office who all need to use Drake Software simultaneously while sharing data? Our program is very network-friendly and adaptable to just about any configuration.
- Diagnostics Drake Software comes equipped with a tax year comparison tool and provides Messages & Notes pages to help prevent IRS rejections.
1040 Series - Individual Tax Returns
The 1040 federal package can handle over 300 forms, schedules and worksheets. With the benefits of intuitive data entry and quick calculation and print times, you can quickly and accurately prepare a return.
You may prepare the 1040EZ, 1040A, or a 1040 and any of the supporting forms and schedules necessary to produce a complete return. Anyone on your staff can prepare both simple and complex returns.
Our 1040 federal package includes all states that levy a personal income tax. We have integrated electronic filing of federal and state returns, so you never have to re-key information. Transmission is easy! Simply send both federal and related states in a single transmission - or you can transmit individual states as needed in some cases.
Before transmitting, you can electronically sign the prepared returns, so you never have to deal with mailing Form 8453s.
Returns can be printed and stored in PDF format allowing you to both email the return to your client, and store the practitioner copy as an electronic document. Drake Document Manager keeps your electronic documents organized allowing you to easily transition your office to a paperless environment.
1120 Series - Corporate Tax Returns
With the 1120 federal package, you can prepare over 80 forms, schedules, and worksheets. The data entry is very similar to that in the 1040 package (so there is no extra program to learn). The calculation and print times are fast.
You may prepare an 1120 series and the 1120X is available for amended corporation returns. Additionally, you can prepare returns for homeowner’s associations using the 1120-H.
The software includes all states that require a return for corporations, and features electronic filing for the federal 1120.
Kansas, Massachusetts, Michigan SBT, and Wisconsin can now be e-filed.
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