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Contacting Drake SupportDrake Software User’s Manual• Telephone Support — (828) 524-8020 — Recommended for more complicatedDrake Software questions.Drake Support Hours, 2008–2009December 1, 2008 – April 20, 2009Monday – Friday, 8 a.m. – 10 p.m. ETSaturdays 8 a.m. – 6 p.m. ETApril 21 – November 30, 2009Monday – Friday, 8 a.m. – 9 p.m. ETSaturday 9 a.m. – 5 p.m. ETFor more on the many helpful resources provided by Drake Software, see Chapter 10,“Resources and Support.”IMPORTANTState and federal tax rules and regulations can change at anytime. Read the Drake shipment letters and broadcast e-mailsthroughout the season to stay up to date on the latest changes tothe software and in the state and federal tax laws.6 Tax Year 2008
2 Installation & SetupThroughout taxseason, installupdates daily atTools > InstallUpdates.Read this section before installing your 2008 Drake program. The initial shipment ofthe software, sent in early December, includes:• Federal packages (1040, 1120, 1120S, 1065, 1041, 990, 706, and 709)• 2008 year-end update of Drake’s Client Write-Up (CWU) accounting, payroll, andaccounts payable program. (The 2009 version will be released in January.)• PDF995 software (required for printing PDF files)• Shipment letter• Practice returns• IRS publications• Drake Software User’s ManualSoftware for state programs, e-filing, banking, the Tax Planner, the Document Manager,city tax rates, pre-prepared data entry, and RIA tax research will be included in asubsequent shipment in January. Federal and state programs are updated with eachsoftware release thereafter.IMPORTANTHold onto your packing slip! This slip includes your serial numberand your Drake customer account number—both of which areneeded for installing the software and subsequent CD updates.System RequirementsTo run Drake Software, your computer operating system must be Windows 98 or laterand must meet or exceed the following system requirements:• Windows 98/2000/NT/XP/ME/Vista (Windows NT users must have Service Pack4.0 or higher, available from www.microsoft.com)• Pentium-class processor operating at 166 MHz or higherTax Year 2008 7
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Page 4 and 5: CopyrightDrake Software User’s Ma
Page 6 and 7: Table of ContentsDrake Software Use
Page 8 and 9: Table of ContentsDrake Software Use
Page 10 and 11: What’s New in Drake for 2008Drake
Page 12 and 13: What’s New in Drake for 2008Drake
Page 16 and 17: InstallationDrake Software User’s
Page 18 and 19: Running Drake on a NetworkDrake Sof
Page 20 and 21: Running Drake on a NetworkDrake Sof
Page 22 and 23: Software SetupDrake Software User
Page 54 and 55: Making Changes on the FlyDrake Soft
Page 62 and 63: Logging In and OutDrake Software Us
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Creating and Opening ReturnsDrake S
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Data EntryDrake Software User’s M
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About State ReturnsDrake Software U
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Prior-Year UpdatesDrake Software Us
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Prior-Year UpdatesDrake Software Us
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Organizers and ProformasDrake Softw
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SchedulerDrake Software User’s Ma
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E-filing PreparationDrake Software
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Taxpayer DemographicsDrake Software
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ExemptionsDrake Software User’s M
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Personal Service Income (W-2, 1099-
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Passive and Investment Income (1099
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Passive and Investment Income (1099
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Self-Employment Income (Schedule C)
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Sales of AssetsDrake Software User
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Retirement Income (1099-R, etc.)Dra
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Supplemental IncomeDrake Software U
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Farm IncomeDrake Software User’s
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Social Security and Railroad Benefi
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Educator ExpensesDrake Software Use
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Self-Employment AdjustmentsDrake So
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PenaltiesDrake Software User’s Ma
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Domestic Production Activities Dedu
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Alternative Minimum TaxDrake Softwa
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Elderly/Disabled CreditDrake Softwa
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Retirement Savings Contributions Cr
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Household Employment TaxesDrake Sof
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Estimated TaxesDrake Software User
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Estimated TaxesDrake Software User
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Earned Income Credit (EIC)Drake Sof
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Additional Child Tax Credit and Com
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Recovery Rebate CreditDrake Softwar
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Electronic Funds Withdrawal (Direct
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Third Party DesigneeDrake Software
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DepreciationDrake Software User’s
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Auto ExpensesDrake Software User’
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Auto ExpensesDrake Software User’
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Office in HomeDrake Software User
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Net Operating LossesDrake Software
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Special ReturnsDrake Software User
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Requests, Claims, and Other FormsDr
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Requests, Claims, and Other FormsDr
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Special Features in Data EntryDrake
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Calculation ResultsDrake Software U
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Viewing and Printing a ReturnDrake
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Setting Up View/Print OptionsDrake
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Archive ManagerDrake Software User
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Archive ManagerDrake Software User
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Preparing to E-FileDrake Software U
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E-filing a ReturnDrake Software Use
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EF Override Options in Data EntryDr
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EF Override Options in Data EntryDr
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EF DatabaseDrake Software User’s
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Online EF DatabaseDrake Software Us
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About State FilingDrake Software Us
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About Bank ProductsDrake Software U
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Preparing to Offer Bank ProductsDra
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Bank Product TransmissionDrake Soft
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Processing the Loan CheckDrake Soft
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Troubleshooting Check PrintingDrake
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Cancellations, Tracking, & Post-Sea
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About Client StatusesDrake Software
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Customizing the DisplayDrake Softwa
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CSM ReportsDrake Software User’s
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Admin-only FeaturesDrake Software U
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Online SupportDrake Software User
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Software SupportDrake Software User
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Interactive SupportDrake Software U
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Fax Cover Letter for SupportDrake S
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Install UpdatesDrake Software User
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Download FontsDrake Software User
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File MaintenanceDrake Software User
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LettersDrake Software User’s Manu
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AmortizationDrake Software User’s
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Install State ProgramsDrake Softwar
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Quick EstimatorDrake Software User
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Report ManagerDrake Software User
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Setting Up a ReportDrake Software U
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Setting Up a ReportDrake Software U
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Filter ManagerDrake Software User
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Filter ManagerDrake Software User
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Report ViewerDrake Software User’
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Fixed Asset ManagerDrake Software U
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Hash TotalsDrake Software User’s
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Document ManagerDrake Software User
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Tax PlannerDrake Software User’s
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Client Write-UpDrake Software User
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Trial Balance ImportDrake Software
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Binary AttachmentsDrake Software Us
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Binary AttachmentsDrake Software Us
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Appendix A: Preseason ChecklistDrak
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Appendix A: Preseason ChecklistDrak
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PROCESS: E-FILING FEDERAL RETURNSCo
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Appendix C: KeywordsDrake Software
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Appendix D: Acronyms & Abbreviation
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Appendix D: Acronyms & Abbreviation
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Appendix E: State E-filing Mandates
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Prepare to use TrialBalance ImportC
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Index2008 Drake Softwarebank name d
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Index2008 Drake Softwarechanging 18
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Index2008 Drake Softwareestimating
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Index2008 Drake SoftwareForm 8867 (
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Index2008 Drake Softwareand moving
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Index2008 Drake SoftwareReal-Time L
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Index2008 Drake SoftwareSSN, see So
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