Federal Fact Sheets - Drake Software

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Federal Fact Sheets - Drake Software

Form 706Estate & Generation-Skipping Transfer Tax ReturnsQuick Facts· Supports all 21 schedules· Performs comprehensive calculations for charitabledeductions, marital deductions, taxable giftreconciliation, and Section 6166 deferred payments· Option to have entries on Estate Property screen flow to Schedule MForms and Schedules706-A Additional Estate Tax Return706 Estate and Generation-Skipping Transfer Tax Return706-CECertificate of Payment of Foreign Death Tax706-QDT Estate Tax Return for Qualified Domestic Trusts712 Life Insurance Statement4768 Application for Extension to Pay Estate Taxes8822 Change of AddressCONTContinuation ScheduleSCH ASchedule A, Real EstateSCH A-1Schedule A-1, Section 2032A ValuationSCH BSCH CSCH DSCH ESCH FSCH GSCH HSCH ISCH JSCH KSCH LSCH MSCH OSCH PSCH QSCH RSCH R-1SCH USchedule B, Stocks and BondsSchedule C, Mortgages, Notes, and CashSchedule D, Insurance on the Decedent’s LifeSchedule E, Jointly Owned PropertySchedule F, Miscellaneous PropertySchedule G, Transfers During Decedent’s LifeSchedule H, Powers of AppointmentSchedule I, AnnuitiesSchedule J, Funeral ExpensesSchedule K, DebtsSchedule L, Net Losses during AdministrationSchedule M, Bequests to Surviving SpouseSchedule O, Charitable GiftsSchedule P, Credit for Foreign Death TaxesSchedule Q, Credit for Tax on Prior TransfersSchedule R, Generation-Skipping Transfer TaxGeneration-Skipping Transfer Tax Payment VoucherSchedule U, Qualified Conservation Easement ExclusionForm 709Gift Tax ReturnsQuick Facts> Taxpayer name and address information transfers from the 1040 to the 709> Will flow automatically to the tax forms> Automatically generates returns for a husband and wife> Fast entry of recurring gifts during the yearForm 990Exempt Organization Tax ReturnsComprehensive Calculations> Split gifts> Tracks the use of the unified credit> Each donee’s annual exclusion> Charitable deduction> Gifts to a qualified state tuition programQuick Facts> Includes Forms 990-EZ, 990-N, 990-PF, 990-T, and 990-W> Supports required schedules, worksheets, and statements forForms 990, 990-EZ, 990-PF, and 990-T> Same Officer and Independent Contractor screens used forForm 990, 990-EZ, and 990-PF> Imports trial balance information from QuickBooks ®> Hyperlinks from screen to screen for data entry> Override and adjustment mapping resource in FAQ> Foreign address input, printing, and e-file> Pre-defined IRC elections> Drake custom trial balance import modelComprehensive Calculations> Auto-balance of retained earnings or fund balances> 990-T corporation and trust tax calculations> Schedule A - 2% excess contribution calculatione-File Features> e-File available at no additional cost> e-File PDF attachments> Numerous reports on e-filed returns available> Form 990-T and related credits are not e-fileable> Extensions for all Form 990 types> Additional three-month extensionForms and Schedules990 Organization Exempt from Income Tax990-EZOrganization Exempt from Income Tax - Short Form990-N e-Postcard for Small Exempt Organizations990-PFOrganization Exempt from Income Tax - Private Foundation990-T Exempt Organization Business Income Tax Return1118 Foreign Tax Credit - Corporations (and related schedules)2848 Power of Attorney3115 Application for Change in Accounting Method3800 General Business Credit4136 Credit for Federal Tax Paid on Fuels4562 Depreciation and Amortization4720 Return of Certain Excise Taxed Under IRC 41 & 425471 Information Return for a Foreign Corporation (and related schedules)5884 Work Opportunity Credit6478 Alcohol Used as Fuel Credit8027 Employer’s annual Information Return of Tip Income & Allocated Tips8586 Low-Income Housing Credit8609 Low-Income Housing Credit Allocation and Certification8609AAnnual Statement for Low-Income Housing Credit8697 Interest Computation Under the Look-Back Method8821 Tax Information Authorization8822BChange of Address Form – Business8826 Disabled Access Credit8845 Indian Employment Credit800.890.9500 | DrakeSoftware.com


8846 Employer FICA Taxes on Tips8864 Biodiesel and Renewable Diesel Fuels Credit8868 Application to File Extension for Exempt Organization8879EO IRS e-File Signature Authorization for an Exempt Organization8907 Nonconventional Source Fuel Credit8911 Alternative Fuel Vehicle Refueling Product Credit8912 Credit to Holders of Tax Credit Bonds8925 Report of Employer-Owned Life Insurance Contracts8932 Credit for employer differential wage payments8941 Credit for Small Employer Health Insurance PremiumsSchedule A Public Charity Status and Public SupportSchedule B Schedule of ContributorsSchedule C Political Campaign and Lobbying ActivitiesSchedule D Supplemental Financial StatementsSchedule E SchoolsSchedule F Statement of Activities Outside the United StatesSchedule G Supplemental Information Regarding Fund-Raisingor Gaming ActivitiesSchedule H HospitalsSchedule I Grants and Other Assistance to Organizations,Governments, and IndividualsSchedule JCompensation InformationSchedule KSupplemental Information on Tax-Exempt BondsSchedule LTransactions with Interested PersonsSchedule MNoncash TransactionsSchedule NLiquidation, Termination, Dissolution, orSignificant Disposition of AssetsSchedule O Supplemental Information to Form 990Schedule RRelated Organizations and Unrelated Partnerships990-W Estimated Tax WorksheetSS-4Application for Employer Identification NumberWorksheets, Attachments, and Other FormsWK_990AExcess 2% Limitation ContributorsWK_5471Form 5471 worksheetsWK_8941Form 8941 worksheetsWK_CNTRT (990-T) Contribution Limitation WorksheetWK_H1-8Worksheets Related to Schedule HWK_TTAX - 990-T Tax Computation WorksheetDEPR_RECDepreciation ReconciliationForm 1040Individual Tax ReturnsQuick Facts> Open state data entry screens from within federal data entry screens> Federal information flows to state returns> Autofill available for amended returns> Group sales of depreciable assets> Many credit forms available> More than 175 forms, schedules, and worksheets included> 1040NR returns> Split MFJ returns into MFS returns> Standard and custom reporting options> Data entry organized by different areas of the return(income, adjustments, credits, etc.)> Update of client data from year to year> Import K-1s from 1120S, 1065, and 1041 packages> Import data from parents’ returns for Form 8615> Diagnostic notes and message pages> Sorting of interest and dividend entries> Print preparer and ERO signatures> Print estimate/extensions and federal, state, preparer, and client sets> Print the return as PDF> Print labels> Drake Document Manager for paperless office> Client Status Manager for client return tracking> Tax Planner for forecasting client scenarios> Setup options for all returns> Import data from QuickBooks ®> Appointment Scheduler> Proformas and organizers> Multi-Office Manager> W-2 Import> Schedule D Import> Import data with GruntWorx> Prior-year comparisons> Software updates delivered online> E-mail alerts> Ability to e-mail returns to Support> Due diligence forms for EICComprehensive Calculations> Alternative Minimum Tax> AMT depreciation> Estimated tax> Amended returns> At-risk limitations> Sales tax vs. state income tax> Like-kind exchanges> Lump-sum distribution> Child Tax Credit> Passive activities> SEP/Keogh/SIMPLE contributions> Ministerial income calculations> 4797 calculations> Foreign income exclusion> Late-filing penalties> Basis worksheets for Schedule K-1s> Underpayment penalty> Household employment taxes> “Kiddie Tax”2


Business use of home> Self-employment tax> Charitable contribution limitation> Partial rental ownership> Vacation homes> Federal and state depreciation differences> Unlimited number of fixed assets, installment sales, publicly traded partnerships> Carryover items> NOLs> Suspended losses> Tax-preference items> Sale of home> Section 179 business income limitatione-File Features> e-File available for federal and all states> Numerous reports available on e-filed returns> e-File PDF attachmentsForms and Schedules56 Notice Concerning Fiduciary Relationship709 Gift Tax Return970 Application to Use LIFO Inventory Method982 Reduction of Tax Attributes1040 Individual Income Tax Return1040AIndividual Income Tax Return1040ESEstimated Income Tax for Individuals1040EZIndividual Income Tax for Single and Joint-Filers with No Dependents1040NRIndividual Income Tax for Nonresident Aliens1040VPayment Voucher1040XAmended Individual Tax Return1045 Application for Tentative Refund1098 Mortgage Interest Statement1099-C Cancellation of Debt1099-LST Detail Listing1099-G Certain Government Payments1099-MISC Miscellaneous Income1099-R Distributions from Pensions, Annuities, Retirement, etc.1099-RRB Railroad Retirement Benefits1099-SSA Social Security Benefits1116 Foreign Tax Credit1116AMT Foreign Tax Credit Alternative Minimum Tax1310 Statement of Person Claiming Refund Due a Deceased Taxpayer2106 Employee Business Expenses2106EZUnreimbursed Employee Expenses2120 Multiple Support Declaration2210 Underpayment of Estimated Tax2210FUnderpayment of Estimated Tax by Farmers and Fishermen2350 Application for Extension of Time2439 Notice of Long-Term Capital Gains2441 Child and Dependent Care Expenses2555 Foreign Earned Income2555EZForeign Earned Income Exclusion2848 Power of Attorney3468 Investment Credit3800 General Business Credit3903 Moving Expenses4136 Credit for Federal Tax Paid on Fuels4137 Social Security and Medicare Tax on Unreported Tip Income4255 Recapture of Investment Credit4506-T Request for Transcript of Tax Return4562 Depreciation and Amortization4684 Casualties and Thefts4797 Sales of Business Property4797AMT Sales of Business Property –Alternative Minimum Tax4835 Farm Rental Income and Expenses4852 Substitute Form W-2 / 1099-R4868 Application for Automatic Extension to File Form 10404952 Investment Interest Expense Deduction4952AMT Investment Interest Expense Deduction –Alternative Minimum Tax4970 Tax on Accumulation of Distribution of Trusts4972 Tax on Lump-Sum Distributions5329 Additional Taxes on Qualified Plans5405 First-Time Homebuyer Credit5695 Residential Energy Credits5884 Work Opportunity Credit6198 At-Risk Limitations6198AMT At-Risk Limitations –Alternative Minimum Tax6251 Alternative Minimum Tax - Individuals6252 Installment Sale Income6478 Credit for Alcohol Used as Fuel6765 Credit for Increasing Research Activities6781 Gains and Losses from Section 1256 Contracts and Straddles8082 Notice of Inconsistent Treatment8275 Disclosure Statement8275RRegulation Disclosure Statement8283 Noncash Charitable Contributions8332 Release of Claim to Exemption for Child of Divorced or Separated Parents8379 Injured Spouse Allocation8396 Mortgage Interest Credit8582 Passive Activity Loss Limitations8582-CR Passive Activity Credit Limitations8582 AMT Passive Activity Loss Limits for AMT8586 Low-Income Housing Credit8594 Asset Acquisition Statement8606 Nondeductible IRAs8609 Low-Income Housing Certification8609-A Annual Statement for Low-Income Housing Credit8611 Recapture of Low-Income Housing Credit8615 Tax for Certain Children with Investment Income8801 Credit for Prior Year Minimum Tax8812 Additional Child Tax Credit8814 Parents’ Election to Report Child’s Interest and Dividends8815 Exclusion of Interest from Series EE and I US Savings Bonds8820 Orphan Drug Credit8821 Tax Information Authorization8822 Change of Address8824 Like-Kind Exchanges8826 Disabled Access Credit8828 Recapture of Federal Mortgage Subsidy8829 Expenses for Business Use of Your Home8834 Qualified Electric Vehicle Credit8835 Renewable Electricity and Refined Production Credit8839 Qualified Adoption Expenses8844 Empowerment Zone Credit8845 Indian Employment Credit8846 Credit for Employer Social Security and Medicare Taxes Paid8853 Archer MSAs and Long-Term Care Insurance Contracts8857 Request for Innocent Spouse Relief8859 District of Columbia First-Time Homebuyer Credit800.890.9500 | DrakeSoftware.com


Form 1041Fiduciary Tax ReturnsQuick Facts> Customizable fiduciary and beneficiary transmittal letters> Easy allocation of amounts to beneficiaries> Up to 1,000 beneficiaries supported> Depreciation reports by activity> State calculations included> e-File> Data entry for partnership, S corp, and other fiduciary K-1s> Open state data entry screens from within federal data entry screens> Federal information flows to state returns> Group sales of depreciable assets> Import data with GruntWorx> Setup options for all returns> Standard and custom reporting options> Data entry organized by different areas of return> Update of client data from year to year> Print preparer and ERO signatures> Print estimate/extensions, federal, state, preparer, and client sets> Print return as PDF> Print labels> Appointment Scheduler> Drake Document Manager included for paperless offices> Client Status Manager for client tracking> Multi-Office Manager> Diagnostic notes and message pages> Proformas> Software updates delivered online> E-mail alerts> Ability to e-mail returns to SupportComprehensive Calculations> Easy allocation of deductions to taxable and tax-exempt income> Foreign Tax Credit and AMT Foreign Tax Credits> Handles K-1 distributions and automatically computesbeneficiary allocation percentages> NOL worksheet tracks net operating losses> Passive activities> Supports grantor trusts with unlimited grantor statements> Alternative Minimum Tax> Estimated tax> Penalty> Household employment taxes> At-risk limitations> Carryovers> Suspended lossesForms and Schedules56 Notice Concerning Fiduciary Relationship1041 Fiduciary Income Tax Return1041-D Capital Gains and Losses1041-ESSummary of Estimates1041 K-1 Beneficiary’s Share of Income, Deductions, Credits, etc.1041-T Allocation of Estimated Tax Payments to Beneficiaries1045 Application for Tentative Refund1116 Foreign Tax Credit2210 Underpayment of Estimated Tax2210FUnderpayment of Estimated Tax by Farmers and Fishermen2439 Notice of Long-term Capital Gains2848 Power of Attorney3468 Investment Credit3800 General Business Credit4136 Credit for Federal Tax Paid on Fuels4255 Recapture of Investment Credit4562 Depreciation and Amortization4684 Casualties and Thefts4797 Sales of Business Property4952 Investment Interest Expense Deduction4970 Tax on Accumulation Distributions of Trusts4972 Tax on Lump-Sum Distributions5884 Work Opportunity Credit6198 At-Risk Limitations6252 Installment Sale Income6478 Credit for Alcohol Used as Fuel6765 Credit for Increasing Research Activities6781 Gains and Losses from Section 1256 Contracts and Straddles7004 Application for Automatic Extension8082 Notice of Inconsistent Treatment or AdministrativeAdjustment Request8275 Disclosure Statement8275-R Regulatory Disclosure Statement8453_F1041 Declaration for an e-File Return8582 Passive Activity Loss Limitations8582-CR Passive Activity Credit8586 Low-Income Housing Credit8594 Asset Acquisition Statement8609 Low-Income Housing Certification8609-A Annual Statement for Low-Income Housing Credit8801 Credit for Prior Year Minimum Tax8820 Orphan Drug Credit8821 Tax Information Authorization8822 Change of Address8824 Like Kind Exchanges8826 Disabled Access Credit8829 Expenses for Business Use of Home8834 Qualified Electric Vehicle Credit8835 Renewable Electricity and Refined Production Credit8844 Empowerment Zone Credit8845 Indian Employment Credit8846 Credit for Employer Social Security and Medicare Taxes Paid8855 Election to Treat a Qualified Revocable Trust as Part of an Estate8864 Biodiesel and Renewable Diesel Fuels Credit8874 New Markets Credit8879FIRS e-File Signature Authorization to e-File8881 Credit for Small Employer Pension Plan Startup Costs8882 Credit for Employer-Provided Childcare Facilities and Services8896 Low Sulfur Diesel Fuel Production Credit8903 Domestic Production Activities Deduction8907 Nonconventional Source Fuel Credit8908 Energy Efficient Home Credit8909 Energy Efficient Appliance Credit8910 Alternative Motor Vehicle Credit8911 Alternative Fuel Vehicle Refueling Property Credit800.890.9500 | DrakeSoftware.com


8912 Credit to Holders of Tax Credit Bonds8941 Credit for Small Employer Health Insurance Premiums8948 Preparer Explanation to Not File Electronically90221 Report of Foreign Bank and Financial AccountsK1FLIST1041 K-1 ListingSch CSchedule C, Profit or Loss from BusinessSch C-EZ Schedule C-EZ, Net Profit from BusinessSch DSchedule D, Capital Gains and LossesSch ESchedule E, Supplemental Income and LossSch FSchedule F, Profit or Loss from FarmingSch HSchedule H, Household Employment TaxesSS-4Application for Employer Identification NumberWorksheets and Attachments8582_PTP Publicly Traded Partnership WorksheetsCG_Loss Capital Loss Carryover WorksheetWK_85821 Passive Loss #1 Worksheet, Lines 1A, 1B, and 1CWK_85823 Passive Loss #3 Worksheet, Lines 3A, 3B, and 3CWK_85824 Passive Loss #4 Worksheet, Lines 10, and 14WK_85825 Unallowed Losses WorksheetWK_85826 Passive Loss-Allowed Losses WorksheetWK_85827 Losses Reported on 2 or More SchedulesWK_AMID Allowable Miscellaneous Deductions Subject to 2% Floor WorksheetWK_B2Allocation of Deductions to Tax-Exempt Income WorksheetWK_FDSchedule D Tax WorksheetWK_K1Income, Deductions, and Credit Flow to Individual K-1s WorksheetWK_NOL, NOL Carryover/Carryback WorksheetWK_QDIV Qualified Dividends Tax Worksheet– Schedule G, Line 1AOther Forms Available1041-A Trust Accumulation of Charitable Amounts1041-J Accumulation Distribution for Certain Complex Trust3520AAnnual Information Foreign Trust with U.S. Owner4255 Recapture of Investment Credit5227 Split-Interest Trust Information Return8832 Entity Classification Election8868 Application for Extension to File either Form 5227 or Form 1041-A3800CO General Business Credit Carryover WorksheetForm 1065Partnership Tax ReturnsQuick Facts> Information flows from Schedule K to Schedules K-1 automatically> Ability to access common Schedule K items from screen INC (Income & Common K Items)> Partner special allocations> K-1 supplemental information> Import options from QuickBooks ®> Custom recipient letter for all K-1s> Export partner K-1s into 1040 package> Pre-defined IRC elections> Integrated state business software included> Hyperlinks from screen to screen for data entry> Override and adjustment mapping resource in FAQ> Elections for 52-53-week year> Drake custom trial balance import module> Supports required schedules, worksheets, and statements> Foreign address input, printing, and e-file> Expense and Schedule M-1 or Schedule M-3 book-to-tax adjustments for credits> Income and expense reporting of information from 1065 and 1041 K-1s> Unlimited number of ownership changes> Unused section 179 carryover worksheetsComprehensive Calculations> Automatic self-employment earnings calculations> Weighted-average ownership calculations for profit, loss, and capitalpercentage changes during the tax year> Schedule K-1 automatic calculations by activity> Accumulated book or tax depreciation and amortization carried toSchedule L balance sheet> Schedule M-1, M-3, or Form 8916A adjustment made for book-to-tax depreciationand amortization differences> 754 and COGS depreciation detail> Income and capital reconciliation for Schedules M-1 and M-3> Total Asset Calculation for Schedule M-3 requiremente-File and 2D Barcode Features> e-File available at no additional cost> e-File short-year returns> e-File 52-53-week year returns> e-File inactive returns> e-File PDF attachments> e-File amended Form 1065> e-File Form 7004 extension> Numerous reports available on e-filed returnsForms and Schedules982 Reduction of Tax Due to Discharge of Indebtedness1065 Partnership Income1065B1Information on Partners Owning 50% or More1065_C Schedule C, Additional Information for Schedule M-31065_DSchedule D, Capital Gains and Losses1065_K-1 Schedule K-1, Partner’s Share of Income1065M-3 Net Income (Loss) Reconciliation for Certain Partnerships1125-A Cost of Goods Sold2848 Power of Attorney and Declaration of Representative3115 Application for Change in Accounting3468 Investment Credit6


4136 Credit for Federal Tax Paid on Fuels4255 Recapture of Investment Credit4562 Depreciation and Amortization4684 Casualties and Thefts4797 Sales of Business Property5884 Work Opportunity Credit6252 Installment Sale Income6478 Credit for Alcohol Used as Fuel6765 Credit for Increasing Research Activities6781 Gains and Losses from Section 1256 Contracts and Straddles7004 Application for Automatic Extension8027 Employer’s Tip Income and Allocated Tips8082 Notice of Inconsistent Treatment8283 Noncash Charitable Contributions8308 Report of a Sale or Exchange of Certain Partnership Interests8586 Low-Income Housing Credit8594 Asset Acquisition Statement Under Section 10608609 Low-Income Housing Certification8609-A Annual Statement for Low-Income Housing Credit8611 Recapture of Low-Income Housing Credit8697 Interest Computation Under the Look-Back Method8716 Election to Have Tax Year Other Than a Required Tax Year8752 Required Payment or Refund Under Section 75198804 Annual Return for Partnership Withholding8805 Foreign Partner’s Information Statement, copies A, B, C, and D8813 1065 Withholding Tax Payment Voucher8820 Orphan Drug Credit8821 Tax Information Authorization8822BChange of Address – Business8824 Like-Kind Exchanges8825 Rental Real Estate Income and Expenses of a Partnershipor an S Corporation8826 Disabled Access Credit8832 Entity Classification Election8834 Qualified Electric Vehicle Credit8835 Renewable Electricity Production Credit8844 Employment Zone and Renewal Community Employment Credit8845 Indian Employment Credit8846 Credit for Employer Social Security & Medicare Taxes Paid on Employee Tips8864 Biodiesel and Renewable Diesel Fuels Credit8866 Interest Computation Under the Look-Back Method8873 Extraterritorial Income Exclusion8874 New Markets Credit8879PE IRS e-File Signature Authorization for 10658881 Credit for Small Employer Pension Plan Startup8882 Credit for Employer-Provided Child Care Facilities8883 Asset Allocation Statement Under Sec 3388893 Election of Partnership Level Tax Treatment8896 Low Sulfur Diesel Fuel Production Credit8903 Domestic Production Activities Deduction8907 Nonconventional Source Fuel Credit8908 Energy Efficient Home Credit8909 Energy Efficient Appliance Credit8910 Alternative Motor Vehicle Credit8911 Alternative Fuel Vehicle Refueling Property Credit8912 Credit to Holders of Tax Credit Bonds8916A Supplemental Attachment to Schedule M-38925 Report of Employer-Owned Life Insurance Contracts8932 Credit for Employer Differential Wage Payments8941 Credit for Small Employer Health Insurance Premiums8949 Sales and Other Dispositions of Capital Assets90221 Report of Foreign Bank & Financial AccountsFSchedule F, Profit or Loss From FarmingK1_179Partner/Shareholder Sale of Section 179 AssetK1_3468 Investment CreditK1_8611Shareholders/Partners Recapture of Low-Income Housing CreditK1_8804 Partner’s share of Annual Return for Partnership WithholdingK1_8903 Domestic Production Activities DeductionRENTRents for Partnership and S Corp ReturnsSS_4Application for Employer Identification NumberWorksheets and Attachments8283_ATT Noncash Charitable Contributions8825_ATT Rental Real Estate AdditionsATT_B4A Form 1065, Schedule B, Line 4aATT_B4B Form 1065, Schedule B, Line 4bATT_PSW Salaries and Wages AttachmentATT_PTL Taxes and Licenses AttachmentCOMPAREP 1065 Three-Year Tax Return ComparisonES_SUM State Summary of EstimatesK1_8825 K-1 Rental Real Estate ActivityK-1_ATT K-1 Overflow StatementsK1PLIST 1065 K-1 ListingK1_OWN Changes in OwnershipWK_179 Section 179 Disposition StatementWK_1250 Unrecaptured Gain WorksheetWK_8941 Form 8941 WorksheetsWK_M2Partners’ Capital Reconciliation WorksheetWK_M3Adjusted Total Assets WorksheetWK_P179L Sec 179 Exp Business Income Limitation WorksheetWK_PBAS Partner’s Adjusted Basis WorksheetWK_PCAR Capital Account Reconciliation WorksheetWK_PCOMP K to K-1 Comparison WorksheetWK_POWN Changes in Ownership SummaryWK_S179 Qualified Disaster Assistance Section 179 PropertyWK_SENet Earnings from Self EmploymentDEPR_REC Depreciation ReconciliationBK~DEPR Depreciation Detail listing for BookOther Forms Available970 Application To Use LIFO Inventory Method800.890.9500 | DrakeSoftware.com


Form 1120Corporate Tax ReturnsQuick Facts> Pre-defined IRC elections> ACE depreciation worksheet automatically updates Form 4626> NOL and AMT NOL Carryover worksheets> Capital loss carryover worksheet> Contribution carryover worksheet> Carryover worksheet for unused tax credits, Section 179carryover, Section 1231 loss history, and prior-year AMT> General business credit carryover worksheet> Option to import data from QuickBooks ®> Integrated state business software included> Hyperlinks from screen to screen for data entry> Override and adjustment mapping resource in FAQ> Elections for 52-53-week year, other short-year> Drake custom trial balance import module> Supports required schedules, worksheets, and statements> Foreign address input, printing, and e-file> Expense and Schedule M-1 or Schedule M-3 book-to-tax adjustments for credits> Income and expense reporting of information from 1065Comprehensive Calculations> Underpayment penalty calculations> Personal holding company tax calculations> Alternative Minimum Tax> Amended returns> Section 170 (d)(2)(B) calculations for unused contributions> Personal service corporation tax calculation> Dividends received deduction calculation> Accumulated book or tax depreciation and amortization carried toSchedule L balance sheet> Schedule M-1, M-3, or Form 8916A adjustment made forbook-to-tax depreciation and amortization differences> COGS depreciation detaile-File Features> e-File available at no additional cost> e-File short-year, 52-53-week year, and inactive returns> e-File PDF attachments> e-File amended Form 1120> e-File Form 7004 extension> Numerous reports available on e-filed returns> Direct deposit and electronic withdrawalForms and Schedules851 Affiliations Schedule966 Corporate Dissolution or Liquidation982 Reduction of Tax Due to Discharge of Indebtedness1118 Foreign Tax Credit – Corporations (and related schedules)1120 Corporation Income Tax Return1120CIncome Tax Return for Cooperative Associations1120DCapital Gains and Losses1120HHomeowners Association Income TaxSCH GCertain Persons Owning Voting StockSCH NForeign Operations of U.S. CorporationsSCH PHSchedule PH, Personal Holding Company Tax1120WEstimated Tax for Corporation1120XAmended Income Tax Return1122 Authorization and Consent of Subsidiary Corporation1125-A Cost of Goods Sold1125-E Compensation of Officers1139 Corporation Application for Tentative Refund2220 Underpayment of Corporation Estimated Tax2439 Notice to Shareholder of Undistributed Long-Term Capital Gains2553 Election by a Small Business Corporation2848 Power of Attorney and Declaration of Representative3115 Application for Change in Accounting Method3468 Investment Credit3800 General Business Credit4136 Credit for Federal Tax Paid on Fuels4255 Recapture of Investment Credit4466 Application for Quick Refund of Overpayment of Estimated Tax4562 Depreciation and Amortization4626 Alternative Minimum Tax4684 Casualties and Thefts4797 Sales of Business Property5471 Information Return for a Foreign Corporation (and related schedules)5472 Foreign-Owned U.S. Corporation5884 Work Opportunity Credit6252 Installment Sale Income6478 Credit for Alcohol Used as Fuel6765 Credit for Increasing Research Activities6781 Gains and Losses From Section 1256 Contracts and Straddles7004 Application for Automatic Extension8027 Employer’s Tip Income and Allocated Tips8050 Direct Deposit of Corporate Tax Refund8082 Notice of Inconsistent Treatment8283 Noncash Charitable Contributions8586 Low-Income Housing Credit8594 Asset Acquisition Statement8609 Low-Income Housing Certificate8609-A Annual Statement of Low-Income Housing Credit8611 Recapture of Low-Income Housing Credit8697 Interest Computation Under the Look-Back Method8716 Election for Tax Year Other Than Required Tax Year8820 Orphan Drug Credit8821 Tax Information Authorization8822BChange of Address – Business8824 Like-Kind Exchanges8826 Disabled Access Credit8827 Credit for Prior Year Minimum Tax8832 Entity Classification Election8834 Qualified Electric Vehicle Credit8835 Renewable Electricity and Refined Coal Production Credit8844 Empowerment Zone and Renewal Community Employment Credit8845 Indian Employment Credit8846 Credit for Employer Social Security and Medicare Taxes Paidon Employee Tips8864 Biodiesel and Renewable Diesel Fuels Credit8866 Interest Computation Under the Look-Back Method8873 Extraterritorial Income Exclusion8874 New Markets Credit8879Ce-File Signature Authorization8


8881 Credit for Small Employer Pension Plan Startup Costs8882 Credit for Employer-Provided Child Care Facilities and Services8883 Asset Allocation Statement Under Section 3388896 Low Sulfur Diesel Fuel Production Credit8900 Qualified Railroad Track Maintenance Credit8903 Domestic Production Activities Deduction8906 Distilled Spirits Credit8907 Nonconventional Source Fuel Credit8908 Energy Efficient Home Credit8909 Energy Efficient Appliance Credit8910 Alternative Motor Vehicle Credit8911 Alternative Fuel Vehicle Refueling Property Credit8912 Credit to Holders of Tax Credit Bonds8916 Reconciliation of Schedule M-3 Taxable Income8916A Reconciliation of COGS Reported on Schedule M-38925 Report of Employer-Owned Life Insurance Contracts8932 Credit for Employer Differential Wage Payments8941 Credit for Small Employer Health Insurance Premiums8949 Sales and Other Dispositions of Capital Assets90-22.1 Report of Foreign Bank and Financial AccountsPAYMENT ACH Payment for Direct DepositSCH OConsent Plan and Apportionment Schedule for a Controlled GroupSCH M-3 Schedule M-3, Net Income (Loss) ReconciliationSS-4Application for Employer Identification NumberUTPUncertain Tax Position StatementWorksheets and Attachments3800CO General Business Credit Carryover WorksheetATT_DUnused Capital Loss CarryforwardATT_G1Form 1120, Schedule G, Part I AttachmentATT_G2Form 1120, Schedule G, Part II AttachmentATT_K5A Form 1120, Schedule K, Line 5a AttachmentATT_K5B Form 1120, Schedule K, Line 5b AttachmentATT_NOL Form 1120, Line 29A, NOL Deduction AttachmentCompareC 1120C Three-Year Tax Return ComparisonCompare 1120 Three-Year Tax Return ComparisonCompareH 1120H Three-Year Tax Return ComparisonATT_CSW Salaries and Wages AttachmentATT_CTL Taxes and Licenses AttachmentES_SUM (1-4) Federal/State Summary of EstimatesWK_8941 Form 8941 WorksheetsWK_ACE Adjusted Current Earnings WorksheetWK_C179L Section 179 Limitations WorksheetWK_CNTRB Contribution Limitations WorksheetWK_COCarryover/Carryforward WorksheetWK_DRD Dividends Received Deduction WorksheetWK_S179 Qualified Disaster Assistance Section 179 PropertyWK_TAX Tax Computation WorksheetBK~DEPR Depreciation Detail listing for BookDEPR_REC Depreciation ReconciliationOther Forms Available970 Application to Use LIFO Inventory MethodForm 1120-SS Corporation Tax ReturnsQuick Facts> K-1 supplemental information for all shareholders> Ability to access common Schedule K items from screen 3 (Income and Deductions)> Supplemental information screens for Schedule L> Information flows from Schedule K to Schedule K-1 automatically> Import from QuickBooks ®> Export shareholder K-1s into 1040 package> Custom and global K-1 recipient letters> Pre-defined IRC elections> Integrated state business software included> Hyperlinks from screen to screen for data entry> Override and adjustment mapping resource in FAQ> Elections for 52-53-week year, other short-year> Drake custom trial balance import module> Supports required schedules, worksheets, and statements> Foreign address input, printing, and e-file> Expense and Schedule M-1 or Schedule M-3 book-to-tax adjustments for credits> Income and expense reporting of i nformation from 1065 and 1041 K-1s> Shareholder distribution worksheets> Unlimited number of ownership changes> Unused section 179 carryover worksheetsComprehensive Calculations> Weighted average ownership calculations for changes in ownership> Excess net passive income tax> Built-in capital gains tax> Accumulated book or tax depreciation and amortization carried toSchedule L balance sheet> Schedule M-1, M-3, or Form 8916A adjustment made for book-to-tax depreciationand amortization differences> COGS depreciation detail> Income and capital reconciliation for Schedules M-1 and M-3e-File and 2D Barcode Features> e-File available at no additional cost> e-File short-year returns> e-File 52-53-week year returns> e-File inactive returns> e-File PDF attachments> e-File amended Form 1120S> e-File Form 7004 extension> Numerous reports available on e-filed returns> Direct deposit and electronic withdrawalForms and Schedules966 Corporate Dissolution or Liquidation982 Reduction of Tax Due to Discharge of Indebtedness1120SS corporation Tax Return1120S_D S corporation Capital Gains Losses and Built-In Gains1120SK_1 Shareholder’s Share of Income, Deductions, Credits, etc.800.890.9500 | DrakeSoftware.com


1125-A Cost of Goods Sold2220 Underpayment of Estimated Tax by Corporations2439 Notice of Long-Term Capital Gains2553 Election by a Small Business Corporation2848 Power of Attorney and Declaration of Representative3115 Application for Change in Accounting Method3468 Investment Credit4136 Credit for Federal Tax Paid on Fuels4255 Recapture of Investment Credit4562 Depreciation and Amortization4684 Casualties and Thefts4797 Sales of Business Property5884 Work Opportunity Credit6252 Installment Sale Income6478 Credit for Alcohol Used as Fuel6765 Credit for Increasing Research Activities6781 Gains and Losses From Section 1256 Contracts and Straddles7004 Application for Automatic Extension8027 Employer’s Tip Income and Allocated Tips8050 Direct Deposit of Corporate Tax Refund8082 Notice of Inconsistent Treatment8283 Noncash Charitable Contributions8586 Low-Income Housing Credit8594 Asset Acquisition Statement Under Section 10608609 Low-Income Housing Certificate8609-A Annual Statement Low-Income Housing Credit8611 Recapture of Low-Income Housing Credit8697 Interest Computation Under the Look-Back Method forCompleted Long-Term Contracts8716 Election for Tax Year Other Than Required Tax Year8752 Required Payment for Refund Under Section 75198820 Orphan Drug Credit8821 Tax Information Authorization8822BChange of Address – Business8824 Like-Kind Exchanges8825 Rental Real Estate Income and Expenses8825_ATT Rental Real Estate Additional Information8826 Disabled Access Credit8832 Entity Classification Election8834 Qualified Electric Vehicle Credit8835 Renewable Electricity and Refined Coal Production Credit8844 Empowerment Zone and Renewal Community Employment Credit8845 Indian Employment Credit8846 Credit for Employer Social Security and Medicare Taxes Paidon Employee Tips8864 Biodiesel and Renewable Diesel Fuels Credit8866 Interest Computation Under the Look-Back Method8873 Extraterritorial Income Exclusion8874 New Markets Credit8879Se-File Signature Authorization8881 Credit for Small Employer Pension Plan Startup Costs8882 Credit for Employer-Provided Child Care Facilities and Services8883 Asset Allocation Statement8896 Low Sulfur Diesel Fuel Production Credit8903 Domestic Production Activities Deduction8907 Nonconventional Source Fuel Credit8908 Energy Efficient Home Credit8909 Energy Efficient Appliance Credit8910 Alternative Motor Vehicle Credit8911 Alternative Fuel Vehicle Refueling Property Credit8912 Credit to Holders of Tax Credit Bonds8916_A Reconciliation of COGS Reported on Schedule M-38925 Report of Employer-Owned Life Insurance Contacts8932 Credit for Employer Differential Wage Payments8941 Credit for Small Employer Health Insurance Premiums8949 Sales and Other Dispositions of Capital Assets90-22.1 Report of Foreign Bank and Financial AccountsK1S_LIST K-1 ListingPAYMENT ACH Payment for Direct DebitRENTSchedule K, Expenses from Other Rental ActivitiesSCH M-3 Schedule M-3, Net Income Reconciliation for S CorporationsSS_4Application for Employer Identification NumberSch NForeign Operations of U.S. CorporationsWorksheets, Attachments, and Other Forms Available970 Application to Use LIFO Inventory MethodATT_SSW Salaries and Wages AttachmentATT_STL Taxes and Licenses AttachmentCOMPARES 1120S Three-Year Tax Return ComparisonDISTDistribution RecordES_SUM (1-4) Federal/State Summary of EstimatesK1_179Partner/Shareholder Sale of Section 179 AssetK1_3468 Investment CreditK1_8611Shareholders/Partners Recapture of Low-Income Housing CreditK1_8825 K-1 Rental Real Estate ActivityK1_8903 Domestic Production Activities Deduction Shareholder InformationK1_DistShareholder Distribution RecordK1_OWN Changes in OwnershipWK_1250 Unrecaptured Gain WorksheetWK_179 Section 179 Disposition Statement for Entity and ShareholdersWK_8941 Form 8941 WorksheetsWK_ M2 AAA/Retained Earnings Reconciliation WorksheetWK_NPIT Excess Net Passive Income TaxWK_S179 Qualified Disaster Assistance Section 179 PropertyWK_S179L Business Income Limitation WorksheetWK_SBAS Shareholder Adjusted BasisWK_SCOMP K to K-1 Comparison WorksheetWK_SOWN Changes in Ownership SummaryDEPR_REC Depreciation ReconciliationBK~DEPR Depreciation Detail Listing for Book10


Always ExceptionalCPA Practice Advisor2013 Readers’ Choice Awards#1 Federal/State Income Tax Compliance#1 Tax Planning#1 Document Management/Storage2012 Review of ProfessionalTax Preparation Systems (Traditional Compliance)Overall Rating: ¾Paperless Workflow: ¾Integration: ½Support:2012 Review Document Storage SystemsCore Product Function/Features: ¾Integration: ¾Advanced Functionality: ¼Overall Rating: ½NATP National Association of Tax Professionals2012 Sorting Out Software Survey#1 Overall Customer Satisfaction#1 Customer Service#1 Ease of Installation#1 Conversion#1 Price#1 Customer LoyaltyJournal of Accountancy2012 Tax Software Survey#1 in Support#1 in Peer RecommendationsFor more information, visit DrakeSoftware.comDrake Software > 235 East Palmer Street > Franklin, NC 28734800.890.9500 > Fax 828.369.9928 > Sales@DrakeSoftware.com > DrakeSoftware.com

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