Drake Software Evaluation Guide

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8 4 | R e t u r n P r e p a r a t i o n 2 0 0 8 D R A K E S O F T W A R E8879 E-FILE SIGNATUREForm 8879, an electronic signature document used to authorize e-filing, allows taxpayers toselect a PIN signature. It also authorizes the ERO to enter the taxpayer’s PIN signaturesauthorizing electronic debit for tax payments. Use the PIN screen to electronically sign thereturn and produce Form 8879. See “Signing the Return Electronically” on page 102 forinstructions on completing the PIN signatures for the Adams’ return.EF OPTIONS OVERRIDEBy default, Drake transmits the 1040 and all state returns eligible for electronic filing. Use theEF screen to select various electronic filing options and overrides. If you wish to practiceelectronic filing with the Adam’s return, see “Designating EF Options” on page 103 forinstructions on setting transmissions options for the Adams’ return.USE AND DISCLOSURE SCREENSNew for 2008, if tax return information will be disclosed to parties outside of the taxpreparer’s firm, IRS Regulation 7216 requires that you obtain client’s signed consents for theuse and disclosure of their tax information.See IRS Reg. 7216 for guidance regarding the use and disclosure of clients’ tax information toparties outside of the tax preparer’s firm. The Consent to Use of Tax Information must besigned and dated by the taxpayer (and spouse, if married filing jointly) before the return isprepared. The Consent to Disclosure of Tax Information must be signed and dated by thetaxpayers before the return is e-filed and the information is submitted to a third party (forexample, to a bank).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.___NOTEWhile a preparer is required to have each client sign these documents inorder to use or disclose his or her tax information, clients are not required tosign them. If a client declines to sign one or both of the documents, youmust recognize that using or disclosing the tax information could result incertain criminal penalties. As a preparer, you cannot make your servicesconditional on your client’s consent.Drake Software Evaluation GuideCopyrighted Material
2 0 0 8 D R A K E S O F T W A R E R e t u r n P r e p a r a t i o n | 8 5Access the USE screen to allow the taxpayer to electronically sign the Consent to Use of TaxInformation before the return is prepared. Access the DISC screen to allow the taxpayer toelectronically sign the Consent to Disclosure of Tax Information before the return is e-filedand the information is submitted to a third party.___NOTEIf a return is prepared by a service bureau or franchisor, the Consent toDisclosure of Tax Information accessed on the CONS screen.BANK PRODUCTSBank products are available through Chase, Republic Bank, River City Bank, and SantaBarbara Bank & Trust. Indicate the bank you use for bank products in Setup > Firm. SeeFigure 48 below.Figure 48: Setup > Firm(s) Banking InformationOnce you select a bank, the corresponding screen is activated. Enter bank information on theChase (enter CHAS in the selector field), Republic (RB), River City (RC) or Santa Barbara(SB) screens. Once you select a bank in Setup > Firm, you can access your default bank usingthe BANK screen. See Figure 49 on page 86. Review the screen. It is not necessary to enterbank data for the Adams’ return.Copyrighted MaterialDrake Software Evaluation Guide
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