User's Manual - Drake Software

Index
Drake Software User’s Manual
underpayment of 153
vouchers for 151
estimating 1040 results (Quick Estimator) 310
ETC, see e-Training Center
e-Training Center (ETC) 261–269
exempt notary income 110
exemptions, see dependents
existing forms list 68
expenses, direct and indirect (on Schedule E) 123
exporting
see also importing
check register 223
client data 296
CSM data 256
Kiddie Tax data 149
Schedule K-1 data 126
extensions 176
F
F (federal) code 73
FAQs 273
farm income 130–131
fax cover letter for support 285
Fax number for Support xii
federal/state facts 270
fees
add-on 21
calculated 195
charging for bank products 20
in EF database 240
minimum and maximum 38
pricing setup 37
reports 255
reports of bank and preparer 242
setting 235
Tax Planner 56
types of 195
Fees to ACH (bank acknowledgment) 221
fiduciary (1041) returns 60, 131
field flags, see flags
file maintenance 292–301
files
automated backup of 294
backing up 292
changing types 298
client vs print 297
deleting from Drake 297
e-mailing client files to Drake 277
exporting 296
password protecting 296
restoring 292
structure of in DDM 336, 342, 344
unlocking 297
filing
instructions 30
late 181
status selection 97
filing instructions 54
filters and filtering
see also reports
CSM data 254
report data 316
firm setup 20–21
first-time homebuyer credit 117, 118, 158
Fixed Asset Manager 324
flags
activating 70
clearing 34
customizing 34
fonts for printing tax forms 48, 290
foreign
account reporting 180
earned income 134
employers 102
interest and dividends 107
mailing address (for tax firm) 20
tax credit 142
Form 56 (Notice Concerning Fiduciary Relationship) 164,
180, 237
Form 706 (U.S. Estate (and Generation-Skipping Transfer)
Tax Return) 299
Form 706-A (U.S. Additional Estate Tax Return) 299
Form 709 (U.S. Gift (and Generation-Skipping Transfer)
Tax Return) 177
Form 90-22.1 (Report of Foreign Bank and Financial Accounts)
180
Form 940, see Client Write-Up
Form 944, see Client Write-Up
Form 944SS, see Client Write-Up
Form 970 (Application to Use LIFO Inventory Method)
179
Form 982 (Reduction of Tax Attributes Due to Discharge
of Indebtedness) 180
Form 1040 (U.S. Individual Income Tax Return) 97–192
Form 1040NR (U.S. Nonresident Alien Income Tax Return)
177
Form 1040X (Amended U.S. Individual Income Tax Return)
175
Form 1045 (Application for Tentative Refund) 174, 179
Form 1098 (Mortgage Interest Statement) 141
Form 1098-C (Contribution of Motor Vehicles, Boats, &
Airplanes) 141
Form 1098-E (Student Loan Interest Statement) 138
Form 1098-T (Tuition Payments Statement) 139
Form 1099-B (Proceeds From Broker and Barter Exchange
Transactions) 111, 112, 367
Form 1099-C (Cancellation of Debt) 133
xxxiv Tax Year 2012