User's Manual - Drake Software

EF Database
Drake Software User’s Manual
• IRS acknowledgments — Federal code and date, transmission date, filing status,
and refund amount or balance due are displayed in the left column. This data is
from the federal “accepted” record; otherwise, the most recent transmission record
for the client file is displayed.
NOTE
The Where is my refund? hyperlink connects you with the IRS
“Refund Status” Web page.
• State acknowledgments — The State column displays the state code and date,
filing status, and refund amount or balance due. This data is from the federal
“accepted” record; otherwise, the most recent transmission record for the client
file is displayed.
• Reject Codes — On the right side of the window are fields for the reject code,
form ID, form number, and sequence number. Double-click a reject code to jump
to the F4 Reject Code Lookup tab. (See “Reject Code Lookup,” following.)
Bank/Direct
Deposit Info
Fees/
Misc Info
Reject Code
Lookup
The F2 - Bank/Direct Deposit tab contains detailed data about any bank products.
• Bank product information is located on the left side of the window.
• Direct-deposit information is located on the right side of the window. This information
includes amounts paid to the bank, amounts paid to the preparer, and the
dates of the payments.
• Account information be found at the bottom of the window. Account type and
number are displayed for each type of direct deposit.
The F3 - Fees/Miscellaneous Info tab contains general return information about the
taxpayer, the firm, and fees distribution.
The F4 - Reject Code Lookup tab is a search tool for accessing and understanding
IRS reject codes. To look up an IRS reject code for a federal return:
1. Select a federal return type (1040, 1120/1120S, 1065, or 1041; see Figure 8-9).
2. Enter the reject code in the Reject Code field.
3. Click Go. The IRS explanation of the code is displayed in the lower box
(Figure 8-9).
Figure 8-9: Looking up 1040 reject code on Reject Code Lookup tab
240 Tax Year 2012