Click on “Press Page Down” at the bottom of the interface to make additional entries.After the first entry, the software will automatically fill in the employer’s details during subsequent returns. Enter the Employer Identification Number (EIN). ![]() Enter taxpayer (T) or spouse (S) when filling the field for employees.Ensure you enter the information the same way it appears on the actual form. You can also click on the W2 tab on the data entry menu to enter a taxpayer’s W2 info. ![]() Search for form W2 in the selector/search field by typing “W2”. To change the default preparer, click on “Preparer #” to find a drop-down containing different preparers. Drake automatically assigns the return to a default preparer. When you enter a ZIP code, the software automatically fills in the resident state, county, state, and city fields. Here, you are required to enter the street address of the taxpayer. Usually, new returns must complete the address and name information page before they can be stored on the software. You can also type “1” in the search/selector field, then press “Enter”. To access this interface, click on it from the data entry menu. To select an item, click on it or use the Search/Selector field at the bottom of the interface to type the search phrase, form number, state abbreviation, or screen code, then press “Enter” on your computer. The data entry of a return has various items on its menu. To enter new returns, input the ID number of the client and click “Ok”. You can also filter according to the type of return. You can use the filter on the right to view all clients, clients yet to be updated to the recent version, as well as the recent returns. If the data already exists, click on the name, or input the taxpayer’s last name or ID number to open it. To commence data entry, open the software and click on “Create” or “Open” on the toolbar. Here is a detailed guide on how beginners can use Drake Tax Software: New Return Opening Want a drake hosted solution for anywhere and anytime access ?Ĭhat with us now How to Use Drake Tax Software Therefore, to avoid creating a return in error, the platform requires SSN validation for opening a new return. It does not cost anything to make the switch.ĭrake counts all PPR returns when you create them. After using a total of 85 returns (that is, 75 extra returns after the initial 10 you purchased), you can then switch to the unlimited version. When you exhaust the bundle, you can pay $29.99 for each return. The PPR package costs $345 for 10 returns. You can complete several states, amend a return, or e-file, and it will count as just one return. In the end, they will have ample time to deal with clients and grow their businesses.ĭrake Tax offers a PPR (Pay-Per-Return) package for companies that prepare less than 85 returns annually. It is one of the products offered by Drake Software aimed at helping tax professionals prepare and file returns faster and more efficiently. What is Drake Tax Software?ĭrake Tax Software is a tax management collection for small and medium-sized firms. Over 50,000 tax professionals make use of this software and it processes about 26 million state and federal accepted returns every year. There are various tax preparation tools in the market, and Drake Software is one of the most widely used due to its overall product excellence. However, using the right software can turn this herculean task into an uncomplicated one. During tax seasons, businesses and other professionals face intense pressure as they try to manage their usual work activities with tax preparation.
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