This page intentionally left blank. - Drake Software Support

About Bank ProductsDrake Software User’s ManualConsent toUse of TaxInformationMFJ) before the return is prepared. The Consent to Disclosure of Tax Informationmust be signed and dated by the taxpayers before the return is e-filed and the informationsubmitted to a third party.Drake offers several options for making these forms available to your clients, includingprinting forms in bulk to be signed manually and having clients provide their signatureselectronically. Both methods are described in the following sections.The Consent to Use of Tax Return Information explains the IRS Regulation 7216requirement to the taxpayer. It must be signed before the return is prepared.• Paper Forms—To generate paper forms, go to the \PDF\7216 folder on the DrakeCD and open either the PDF or Word version of the form. Enter your firm’s nameat the top of the form, then print. Clients must sign and date this form manually.Screen code: USE • Electronic Signatures—To obtain electronic consent, you must have the taxpayer(and spouse, if MFJ) enter their names and the date onto the USE screen in Drake(accessible from the General tab), as shown in the example below.Figure 8-1: Names and the date as entered by clients on the USE screenIf the required fields on the USE screen are completed, the Consent to Use of TaxReturn Information will be generated with the return.Consent toDisclosure:BanksScreen code:DISCThe Consent to Disclosure of Tax Return Information for banks contains bank-specificinformation and explains the IRS Regulation 7216 requirement to the taxpayer. It mustbe signed before the return is e-filed.• Paper Forms—Paper forms can be accessed by several means:– The software generates the disclosure form as part of the return. The wordingof the form reflects the bank your firm has selected in the program. This formcan be signed with other signature documents prior to e-filing.– Go to the \PDF\7216 folder on the Drake CD and open either the PDF orWord version of the form. Be sure to print the correct form for your firm’sselected bank. Enter your firm’s name at the top of the form, then print.• Electronic Signatures—To obtain electronic consent, you must have the taxpayer(and spouse, if MFJ) enter their names and the date onto the DISC screen inDrake (accessible from the General tab). If the required fields on the DISCscreen are completed, the Consent to Disclosure of Tax Return Information will begenerated with the return.202 Tax Year 2008