User's Manual - Drake Software

Drake Software User’s Manual
Estimated Taxes
Estimated Payments for 2013
Figure 5-42: Entering estimated taxes paid in 2012
Estimated payments for 2013 are shown on the payment vouchers in View mode.
NOTES
Make estimated tax payments by debit card or credit card using the
Drake e-Payment Center at www.1040paytax.com.
E-mail reminders can also be set up for the taxpayer on this website.
Printing
Estimate
Vouchers
Drake calculates the balance due and generates this year’s payment vouchers (Form
1040-V), but it does not generate estimate vouchers for next year’s payments by
default. To have the program print estimate vouchers, you must indicate this manually.
You can do this in one of two ways:
• Select an estimate (ES) code on the ES screen (shown at left)
• Select an ES code at the bottom of screen 1 (Figure 5-43)
Figure 5-43: Estimated Tax (ES) code overrides on screen 1
Note in Figure 5-43 that the screen 1 fields are overrides. If selections are made on
both screens, the program disregards the ES screen selection and uses screen 1.
Estimate
(ES) Codes
ES codes are shown in Table 5-11.
Table 5-11: Estimate Codes in Drake
B
P
ES
Code
Description
Does not generate estimate vouchers (in screen 1 drop list only)
Generates estimate vouchers with no dollar amounts
X Generates estimate vouchers with payments rounded to nearest $5
Tax Year 2012 151