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Quick Estimator<strong>Drake</strong> <strong>Software</strong> User’s ManualTo use the Quick Estimator:Shortcut: PressCTRL+Q to openQuick Estimator.1. From the Home window, select File > Quick Estimator.2. Enter or select a return SSN. If an existing return is selected, the Quick Estimatorwill not override previous entries.3. Enter all applicable information for the return. Press F1 in an individual field forhelp on that field.4. Press ESC to save the data, exit the screen, and view the return (or click the X inthe upper right corner of the screen). Depending upon your setup options, youmight be able to click CTRL+C to calculate, or CTRL+V to calculate and view.Please note the following points when using the Quick Estimator:• Because the total of interest, dividends, and other income are entered in one field(Int/div/other income), the RAL, Bonus, and preparer fees might not be accuratelyreflected on the bill. The income could be overestimated or underestimated.• The Quick Estimator produces only one return if Married Filing Separately. Aseparate return must be generated for the other spouse.• Because the names of dependents are not entered in the Quick Estimator, the individualnames are not shown on the return. The appropriate credit amounts will beindicated if all applicable fields are completed in the Quick Estimator.• The potential RAL and Bonus amounts can be calculated by selecting the RALand Bonus fields.• An Override RAL amount entry overrides the selected loan amount on theBANK screen, if this is allowed by the bank.• A Prep fees w/h entry overrides the Preparer Fees field on the BANK screen._NOTERemember, the Quick Estimator should be used only for estimatingtaxes. A full return should be prepared later. Data from the QuickEstimator flows to the full tax program and might need adjusting.264 Tax Year 2008
12 ReportsReport ManagerThe Reports function allows you to create printable reports based on data that hasbeen entered into the program via data entry, the CSM, or the Scheduler.Use the Report Manager to create a variety of pre-defined and customized printablereports. From the Home window, select Reports > Report Manager.Figure 12-1: Report Manager windowTax Year 2008 265
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CopyrightDrake Software User’s Ma
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Table of ContentsDrake Software Use
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Table of ContentsDrake Software Use
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What’s New in Drake for 2008Drake
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What’s New in Drake for 2008Drake
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Contacting Drake SupportDrake Softw
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InstallationDrake Software User’s
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Running Drake on a NetworkDrake Sof
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Running Drake on a NetworkDrake Sof
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Software SetupDrake Software User
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Making Changes on the FlyDrake Soft
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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
Page 222 and 223: Troubleshooting Check PrintingDrake
Page 224 and 225: Cancellations, Tracking, & Post-Sea
Page 226 and 227: About Client StatusesDrake Software
Page 228 and 229: Customizing the DisplayDrake Softwa
Page 230 and 231: CSM ReportsDrake Software User’s
Page 232 and 233: Admin-only FeaturesDrake Software U
Page 234 and 235: Online SupportDrake Software User
Page 242 and 243: Software SupportDrake Software User
Page 244 and 245: Interactive SupportDrake Software U
Page 250 and 251: Fax Cover Letter for SupportDrake S
Page 252 and 253: Install UpdatesDrake Software User
Page 254 and 255: Download FontsDrake Software User
Page 256 and 257: File MaintenanceDrake Software User
Page 266 and 267: LettersDrake Software User’s Manu
Page 268 and 269: AmortizationDrake Software User’s
Page 270 and 271: Install State ProgramsDrake Softwar
Page 274 and 275: Report ManagerDrake Software User
Page 276 and 277: Setting Up a ReportDrake Software U
Page 278 and 279: Setting Up a ReportDrake Software U
Page 280 and 281: Filter ManagerDrake Software User
Page 282 and 283: Filter ManagerDrake Software User
Page 284 and 285: Report ViewerDrake Software User’
Page 286 and 287: Fixed Asset ManagerDrake Software U
Page 288 and 289: Hash TotalsDrake Software User’s
Page 290 and 291: Document ManagerDrake Software User
Page 300 and 301: Tax PlannerDrake Software User’s
Page 306 and 307: Client Write-UpDrake Software User
Page 308 and 309: Trial Balance ImportDrake Software
Page 318 and 319: Binary AttachmentsDrake Software Us
Page 320 and 321: 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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