User's Manual - Drake Software

Drake Software User’s Manual
Special Returns
ETD
Messages
Payments
When e-filing a 1040 extension, it is necessary to clear all of the errors shown on the
ETD_MSG page. Because you are not sending the actual return, it is not necessary to
address other EF messages. Only the ETD_MSG page needs to be addressed.
Use the EXT screen to indicate the amount being paid with the extension. If a voucher
is needed, mark the Produce 1040-V for extension box, and use the Amount to print
on 1040-V override field if the amount differs from the automatically calculated
amount.
Mark the Taxpayer is paying the entire amount of tax due box (see Figure 5-57) if
the entire amount of tax is being paid with the extension.
Figure 5-57: Payment-related fields on the EXT screen
Filing the
Return
Before filing the actual return, go to the EXT screen and mark the box labeled Taxpayer
has paper-filed the extension and is now ready to file a regular return.
Nonresident Alien Returns
Screen code: NR
Use the NR screen, accessible from the Taxes tab, to enter data for Form 1040NR,
U.S. Nonresident Alien Income Tax Return. The 1040NR in Drake consists of three
screens. Press PAGE UP or PAGE DOWN to move from screen to screen.
NOTE
Data from Form 1042-S, Foreign Person’s U.S. Source Income Subject
to Withholding, should be entered on either the 2555 screen, the NR
screen, or in the Other income field on screen 3.
Gift Tax Returns
Screen code: 709
Form 709, U.S. Gift Tax Return, consists of several parts and schedules, all located on
the 709 menu, accessible from the Taxes tab. (See Figure 5-58 on page 178.)
Tax Year 2012 177