Drake 101: Data Entry

Table of Contents
Course Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Learning Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Creating and Opening Returns. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Screen 1 – Name and Address. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Data Entry Toolbar. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Filing Status. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Taxpayer Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Residency Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Foreign Account and Virtual Currency Questions. . . . . . . . . . . . . . . . . . . . . . . . 13
Return Options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
2210 Options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Screen Hyperlinks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Data Entry Menu. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Dependent Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Childcare Expense Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
W2 Screen. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Required Fields. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
W-2 Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Additional Entries Tab. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Entering Form 1099-NEC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Self-Employment Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Schedule C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
TS or TSJ Fields . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Business Codes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
LookBack. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
Detail Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Other Expenses Reported on Schedules C or F. . . . . . . . . . . . . . . . . . . . . . . . . . 29
Entering Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Auto Expense Worksheet – AUTO. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Estimated Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Schedule A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
Health Care. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
 1095-A Marketplace Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Required Identification. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
Recovery Rebate Credit (RRC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
Required Due Diligence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Return Results. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Calculating a Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
EF Status Column. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
EF Messages. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Return Notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Viewing and Printing a Return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Drake Tax Tips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Adjustment Fields . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Field Help . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
EF Steps. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Presenter Bio - Ann Campbell CPA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
CPE Details. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Course Overview

This is a basic course designed to familiarize Drake Tax users with navigating data entry
while preparing a tax return using Drake Tax 2021.

Learning Objectives
Upon completion of this course, the student will be able to use Drake Tax to:

• Navigate within Data Entry Screens

• Create or Open an Individual 1040 return
• Enter basic 1040 Tax Return Information
• Calculate and View a 1040 Tax Return

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 Creating and Opening Returns

Open Drake 2021 Tax Software. This class presumes you have already set up your firm and
preparer information. If you have not, please do so before continuing. You can see the Video
Tutorials on DrakeSoftware.com for assistance.

The Home Window in Drake Tax has several sections:

1. Menu Bar (has drop down menus to complete various tasks)

2. Tool Bar (has buttons to complete various tasks)
3. Recent Returns (Last 9 returns)
4. Appointments (shows logged in preparer’s appointments if using Drake schedul-
er)
5. Alerts & Notifications (indicates when EF acknowledgments are available, im-
portant notices from Drake, and scheduled updates status. Alerts are refreshed
every 15 minutes if you have an active internet connection.)
6. Status Bar (logged in preparer, program version, computer drive, and date)
7. Preparer Notes (Notes on the fly, visible only to preparer. Stay on screen until
deleted)
8. Personal Client Manager (personalized version of the Client Status Manager
(CSM) for the logged-in preparer. This gives you a snap shot of the status of all
the returns you are working on, and it can be filtered and customized to suit your
needs.
9. Enable Privacy Button (toggles visibility of client’s data on and off)

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From the Home Screen, choose Open/Create on the toolbar.

You can filter your return list by Most Recent Returns, All clients, client entity type, etc.

When you enter an ID number (SSN or EIN), Drake Tax searches both current- and pri-
or-year files. If it finds a client record in the prior-year files only, you are given the oppor-

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 tunity to update the record from the previous year into this year’s program or create a new
return.

To start a new return, choose Yes. You will be asked to verify the SSN/EIN, Return Type,
and enter the Taxpayer name.

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 Screen 1 – Name and Address

Use screen 1 (Name and Address), accessible from the General tab, to enter information
about the taxpayer for the top section of a Form 1040. Screen 1 is opened automatically upon
creating a new return.

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 Tip: Hover over top of screen to display the toolbar, which is normally hidden.

Data Entry Toolbar

The Data Entry toolbar, available on all data entry screens allows you to perform several
functions without the need to leave the screen. You can use a macro or keyboard combina-
tion, or select from a right-click menu.

To view the toolbar, move your mouse pointer to the top of any Data Entry screen. Select
the buttons on the toolbar to perform the various functions. Certain buttons are activated
depending on prior-year or current-year entries. To close the toolbar, move your mouse away
from the top of the screen.

Note

If you prefer not to use this toolbar, it can be disabled by going to Setup > Options, Data
Entry tab, and clearing the Enable Data Entry toolbar check box.

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 Filing Status
Select a filing status from the Filing Status drop list at the top of screen 1. Press F1 in the
Filing Status field to view explanations for the available codes.

After making a selection from the Filing Status drop list, make any other selections neces-
sary to explain the client’s filing status:

• Taxpayer did not live with spouse drop list

• Nonresident alien check box for nonresident alien spouse
• MFS claiming spouse exemption check boxes for Married Filing Separately re-
turns

Taxpayer Information
The taxpayer’s name and SSN are entered as you create the return. Other important taxpayer
data, such as date of birth, occupation, and contact information (phone numbers and email
address) for the taxpayer (and spouse, if applicable) is entered on screen 1. Note that not all
fields in the Spouse column are activated if the filing status is something other than “Married
Filing Jointly”, the fields that are activated should be completed.

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Residency Information
The Mailing Address section of screen 1 includes fields for both domestic and foreign ad-
dresses. If the resident state differs from the state in the mailing address, select the appropri-
ate state code from the Resident state drop list near the bottom of screen 1. If the taxpayer
is a part-year (PY) resident of the state in the mailing address, select PY from the Resident
state drop list. To keep a state return from being calculated, select 0 from the Resident state
drop list. The Resident city drop list is activated if a city return is required. The School dis-
trict drop list is activated when needed.

Foreign Account and Virtual Currency Questions

The Foreign Account and Virtual Currency Questions must be answered on all returns.

If at any time during the tax year the taxpayer had a financial interest or signature authority
over a foreign financial account, click the blue hyperlink Foreign Accounts and complete
the applicable fields.

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 If the taxpayer would answer “no” to all Schedule B, Part III questions, simply check the
box.

If at any time during the tax year the taxpayer received, sold, exchanged or acquired any
financial interest in any virtual currency, check yes. Otherwise, check no.

There is also a link to a video tutorial on reporting virtual currency.

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Return Options
To override the firm, preparer, data entry operator, or ERO, make selections from the drop
lists at the bottom of the screen in the Return Options section. You can also over-ride the
fee.

2210 Options
The 2210 Options assists in calculating any underpayment penalties due. Data will be pulled
from the prior year if return was prepared in Drake. For new clients, an entry can be made to
assist in the calculations for the current year.

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 Screen Hyperlinks
Hyperlinks in data entry allow easier, quicker data entry. Hyperlinks are available in all
packages. Use links to move quickly from one screen to a related screen without having to
return to the Data Entry Menu.

See image below for examples on how Hyperlinks display.

Click the ID screen link to go directly to the IDS screen to enter the taxpayers ID informa-
tion. Click Esc or the top right X to go back to the original screen.

Some screens have links that open quick help videos. These videos can also be accessed
here: https://www.drakesoftware.com/service-learning/videos. An example would be the
video on reporting virtual currency.

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Data Entry Menu

Returns are prepared in data-entry. Access data-entry screens from the Data Entry Menu.
Within data entry, press ESC to save your data, exit the open screen, and return to the Data
Entry Menu.

Pressing ESC from the Data Entry Menu returns you to the Home window. While in data
entry, you can use the TAB key, and the UP ARROW and DOWN ARROW keys to move
from field to field, and PAGE UP and PAGE DOWN keys to move from screen to screen.

The Data Entry Menu is displayed when you open a return. It consists of a toolbar, data
entry menu tabs, screen codes, the selector/search field, and the status bar.

Dependent Information
Use screen 2 (Dependents), accessible from the General tab of the Data Entry Menu, to
complete the “Dependents” section of Form 1040. Use a separate Dependents screen for
each dependent, pressing Page Down to open each new screen. Data is saved automatical-
ly upon exiting a screen. The number of active Dependents screens is shown on the Data
Entry Menu.

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Childcare Expense Information
Use screen 2441 to enter information for Form 2441, Child and Dependent Care Expenses.
Enter data on both the 2441 screen and screen 2 for expenses the taxpayer incurred and paid
for on behalf of each dependent.

To qualify for the childcare credit, parents must have earned income, be full-time students,
or be disabled. If a spouse does not have income but is disabled or a student, then enter $250
(one child) or $500 (two or more children) for each month the spouse was a student or dis-
abled. This information is entered near the bottom of the 2441 screen in the Earned income
for 2441 purposes ONLY field. An entry in this field affects Form 2441 amounts only and
must be at least as much as the childcare expenses.

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 W2 Screen

Use screen W2 (Form W-2 – Wage and Tax Statement), accessible from the General tab
of the Data Entry Menu, to enter W-2 data. Be sure to choose the proper taxpayer in the TS
field, if this is a MFJ or MFS return.

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Required Fields
Fields that are required for e-file are highlighted in blue.

If these required fields have not been completed, a reminder appears when you try to exit
from the screen.

W-2 Wages
The W2 screen is designed to reflect the IRS Form W-2, Wage and Tax Statement. Data en-
tered here must match the client’s W-2 form. The following fields can be completed automat-
ically by the program:

• Names and Addresses — If the employer’s EIN is in your Drake Tax database,
the employer’s information is filled automatically once you enter the employer’s
EIN. The employee information is filled automatically once T or S is selected at
the top of the screen from the TS drop list. Nothing needs to be typed into these
fields unless the information on the form differs from what was previously entered
in the program.
• Wages and Withholding — When wages are entered in box 1, boxes 3-6 and 16
are filled automatically. These amounts should match those on the taxpayer’s W-2.

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 Additional Entries Tab

If the taxpayer has W-2 information from more than four states, click the Additional En-
tries tab at the top of the W2 screen to access 10 more lines of data-entry fields for box 15 of
Form W-2. There are also four additional lines for boxes 12 and 14, and four more lines for
Ohio School Districts.

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Entering Form 1099-NEC
Use the 99N screen to enter data from Form 1099-NEC, Nonemployee Compensation. Select
from the TS drop list at the top of the 99N screen to indicate whether the taxpayer or spouse
is the recipient of this 1099-NEC. To associate the screen 99N information with a specific
line or form within the return (such as Schedule C or Schedule E), make a selection from the
For drop list. If associating it with one of multiple forms, enter a Multi-form code. For ex-
ample, if associating the 99N screen with the third occurrence of a Schedule C, select C from
the For drop list and type 3 in the Multi-form code (MFC) field.

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 Self-Employment Income

Schedule C

Screen C, Self-Employed Income, covers Schedule C, Profit or Loss from Business (Sole
Proprietorship). Screen C is accessible from the Income tab of the Data Entry Menu.
Several screens in Drake Tax (such as the 99N, AUTO, and 4562 screens) can be associated
with a Schedule C using the For and Multi-form Code boxes on those screens.

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TS or TSJ Fields
The TS or TSJ fields assigns the data on a screen to the Taxpayer (T), Spouse (S), or both
(J). It is available in many screens, including C, W2, and INT.

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 Business Codes
To locate a specific business code, place the cursor in the Business code box (field B) and
press CTRL+SHIFT+S (or right-click in the field and select Search). Enter a search term
and click Go. All codes that include the search term are displayed. You can double-click the
desired code, or you can select one and press ENTER (or click OK).

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LookBack
The LookBack feature allows you to see the prior year’s data entry on current year Drake
Tax screens. In an open data entry screen, press the F11 key, and any field in the screen that
contained data last year will be highlighted in a contrasting color. To see a read-only version
of last year’s entry, press F12. Press any key to return to data entry for current year. If you
prefer not to use the F11 and F12 keys, you can also right-click anywhere on an open screen
and select Highlight prior year fields or Show prior year data.

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 Detail Worksheet
You can enter up to 30 items for certain fields using a Detail Worksheet. Totals are calculat-
ed automatically and can be seen at the bottom of the worksheet.

To use a Detail Worksheet:

1. Select the field to which the worksheet will apply and take one of the following
steps to open a Detail Worksheet:
a. Double-click the field
b. Press Ctrl+W
c. Right-click and select Add Worksheet
2. Enter or edit the worksheet Title.
3. Enter a Description and Amount for each item. Do not skip lines. You can use
the F1, F2, F3, and F4 keys to sort items in the list, if necessary.
4. Press Esc to close the detailed worksheet. Drake Tax saves your work and dis-
plays the total in the data entry field, which is shaded red to indicate the presence
of a worksheet.

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Other Expenses Reported on Schedules C or F
An entry in the “Other expenses” fields on screens C and F opens a Detail Worksheet auto-
matically where you can list the other expenses.

Entering Depreciation
Screen 4562, Depreciation Detail, covers the depreciation of an asset. A taxpayer may
qualify to claim depreciation expense on a tax return to compensate for the loss in the value
of an asset, such as a vehicle used in a trade or business. Screen 4562 is accessible from the
Depreciable Assets section on the Income tab of the Data Entry Menu.

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 Auto Expense Worksheet – AUTO
Screen AUTO, Auto Expense Worksheet, is used to report mileage or expenses for a
vehicle used for business. When a vehicle is used for business, the taxpayer may qualify
to deduct either mileage or actual expenses (including depreciation, if applicable) for a car
or truck on their tax return. The AUTO screen is accessible on the Adjustments tab of the
Data Entry Menu. On the AUTO screen for a vehicle, first select to which form or schedule
the vehicle belongs (The choices are: Schedule C, Schedule E, Schedule F, Form 4835, or
Schedule K-1 from a partnership.) and then enter the corresponding multi-form code (MFC)
for that schedule.

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Estimated Taxes
The ES Screen, Estimated Taxes, is located on the General tab of the Data Entry Menu.
Use the ES screen to figure and pay estimated tax. Estimated tax is the method used to pay
tax on income that is not subject to withholding. Drake automatically generates federal esti-
mated tax payment vouchers when they are required—for instance, when the taxpayer has a
balance due of $1,000 or more—unless you choose to not generate the vouchers. You can opt
to not generate the vouchers globally by navigating to Setup > Options, Form & Sched-
ule Options tab, then selecting Print ES vouchers only when screen ES indicates. If this
option is marked, estimates must be generated manually by making entries on the ES screen
in each return for which estimates are needed.

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 Schedule A
Use screen A to enter data for Schedule A, Itemized Deductions. When a screen A has been
completed for a return, the program determines automatically whether itemizing or taking
the standard deduction is more advantageous for the taxpayer and uses the more favorable
when calculating the return. You can also manually select either method by marking the ap-
plicable Force check box at the top of screen A.

You can set up the program to generate Schedule A only when it is required by going to the
Setup > Options, Form & Schedule Options tab and selecting Print Schedule A only
when required.

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Health Care
The Health Care tab on the Data Entry Menu includes screens to help you complete Af-
fordable Care Act (ACA) forms and information.

Also note that five states (CA, MA, NJ, RI, VT) and DC still require evidence of health
insurance coverage to avoid penalties. Normally you use the state-specific tabs to enter that
information.

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 1095-A Marketplace Statement
Even though the federal Shared Responsibility Payment has been reduced to zero for all
taxpayers after 2018, some taxpayers participate in the Health Insurance Marketplace. Use
screen 95A to record the 1095-A Marketplace Statement, to properly calculate the Premi-
um Tax Credit. .

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Required Identification
Information on the IDS screen, used for taxpayer identification, is required for all electroni-
cally filed 1040 returns. Some states have additional restrictions.

Open the IDS screen, accessible from the General tab of the Data Entry Menu. The top
section of the screen has fields and drop lists for entering the most common forms of identifi-
cation—driver’s license or other state-issued photo ID.

The middle section of the screen Other Identification is for entering secondary forms of ID,
such as military ID, passport, green card, or visa for both the taxpayer and spouse, when a
bank product is being utilized.

The bottom section includes check boxes for stating that the taxpayer does not have a driv-
er’s license or other form of state-issued ID, or that the taxpayer has a driver’s license or
other form of state-issued ID, but declines to provide it.

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 Recovery Rebate Credit (RRC)
Due to COVID-19, most eligible taxpayers received a third economic impact payment (EIP)
during early 2021. To ensure that all eligible taxpayers received the proper amount, an entry
must be made on the 2021 tax return in the Recovery Rebate Credit screen (RRC) to rec-
oncile the third EIP amount received with the amounts for which the taxpayer is eligible.
Use the amount listed on Notice 1444-C. If the taxpayer received a lower amount for the
payments (or did not receive the third stimulus payment at all), he or she may be eligible to
claim the recovery rebate credit on their 2021 tax return. The RRC screen is accessible from
the first Credits tab.

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Required Due Diligence
The IRS requires that tax preparers ask due diligence questions. These questions are located
on the following data entry screens:

• The EIC Information section of screen 2 must be completed for each qualifying
dependent
• The 8867 screen for Form 8867, Paid Preparer’s Due Diligence Checklist, must
be completed for the taxpayer claiming EIC

Form 8867 covers the EIC, the Child Tax Credit (CTC), the Additional Child Tax Credit
(ACTC), the American Opportunity Tax Credit (AOTC), and the Credit for Other Depen-
dents (ODC).

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 The Due Diligence Assistance screens (DD1 and DD2), located in the Due Diligence sec-
tion on the General tab of the Data Entry Menu, provide supplemental questions to help
ensure a comprehensive interview with each taxpayer.

DD1

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DD2

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 Return Results

Calculating a Return
To calculate a return from data entry, press CTRL + C or click Calculate. By default, results
are displayed in the Calculation Results window.

EF Status Column
The EF Status column of the Calculation Results window displays the e-file eligibility of
any federal and state forms calculated for the selected return. A green check mark is dis-
played when the return is eligible for e-file—that is, when there are no EF Messages and no
other products have been selected on the EF screen. A red X indicates that a prepared prod-
uct is not eligible, having received an EF Message.

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 Any of the other federal products that are eligible to be e-filed (for instance, extension re-
quests, amended returns, Forms 4868, 2350, 9465, or 56) and that will be a part of the e-file
transmission also receive green check marks when they have been selected for e-file on the
EF screen and they have no EF Messages.

EF Messages
The EF Messages section in the Calculation Results window displays the individual items
that are preventing the return from being e-filed. Often there is a link to the proper data entry
screen, where corrections can be made.

Return Notes
The Return Notes section in the Calculation Results window displays informational notes
about the return. These notes provide details about the return, but they do not require that
changes be made, and they do not prevent e-file. They also appear on the NOTES page in
View mode.

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 Viewing and Printing a Return
To View a return from data entry, press CTRL + V or click View from the data entry toolbar.

Viewing a return displays all the forms generated for the return. You can toggle from data
entry to View mode by pressing CTRL + V to jump to view mode, and then CTRL + E to go
back to data entry.

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Drake Tax Tips

Adjustment Fields
Fields that allow adjustments are preceded by a plus/minus sign (+/-) and display blue text
by default. Data in these fields adjust program calculations by the amount entered. A positive
number increases the calculated amount; a negative number decreases it.

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 Field Help
Field help provides information about a selected field. There are three ways to access field
help:

• Click inside a field and press F1

• Click inside a field and press SHIFT+?
• Right-click in a field and select Help > Help for this Field from the right-click
menu

44
EF Steps
The steps to e-filing are listed in the EF menu on the Drake Home Screen.

45
 Presenter Bio - Ann Campbell CPA
Tax Software Trainer

Drake Software

Ann Campbell CPA joined Drake Software in 2021. She is a Certi-

fied Public Accountant licensed to practice in California and North
Carolina. She has many years of experience as a tax preparer using
Drake Software. Ann has also worked as a CFO and Controller in
various industries. Ann was one of four finalists for Plastic News
CFO of the Year 2019. She is a graduate of the Wharton School at
the University of Pennsylvania.

46
 Drake 101 - Data Entry
Course Fee: Free to register and view webinar. Drake customers pay $15.00 and non-Drake customers pay $19.00 for
CPE - Pay only if you want to print a CPE certificate after the webinar.
Course Description: This is a basic course designed to familiarize Drake Software users with navigating data entry while
preparing a tax return using Drake Tax. Upon completion of this course, the student will be able to:

• Create or open a return in Drake Tax.

• Perform data entry for a basic 1040 return.
• Calculate and view a tax return in Drake Tax.

How to Register: Sign in to DrakeETC.com and select Webinars from the menu on the left side of the web
page. Select the webinar from the schedule displayed. Follow the prompts to register. Refer to the FAQs on the
web page for detailed instructions and frequently asked questions.

CPE Facts:
Affiliation Format CPE/Field of Study Course ID # Sponsor ID #
NASBA Internet-Based 1 — Computer Software & N/A 103137
Applications

CTEC** N/A 0- N/A N/A N/A

IRS Online/Group 1 — Federal Tax Law FQTGU-T-00456-22-O FQTGU

TX State Board Internet-Based 1 — Computer Software & 100368 002921

of Accountancy Applications

*Individuals with othe rprofessional credentials should check with their state licensing board or accrediting
organization to determine if this program meets their continuing education requirements.
**CTEC does not allow credit to be awarded for courses that cover tax software topics.
Course Level: Basic Last Revision: Winter 2022

Prerequisites: There are no required prerequisites other than a general knowledge of Drake Tax.

Course Policies: Drake Software will grant a full refund if a refund request is received within at least 72 hours prior to
the start of the webcast. Registrants who are “no-shows” for the live webcast will not qualify for a refund. Refund re-
quests will not be granted by phone and must be sent to [email protected]

Drake Software is an IRS qualified sponsor of continuing professional education.

Drake Software is registered with the Texas State Board of Public accountancy as a CPE sponsor. This registration does not constitute
an endorsement by the Board as to the quality of our CPE program.

Drake Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education
on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org

Drake Software has been approved by the California Tax Education Council to offer the 2021 Update School, CTEC #3038-CE-0255,
which provides 4 hours of federal tax update credit and 0 hours of state credit, and 3038-CE-0257, which provides 1 hours of
federal tax credit and 0 hours towards the annual continuing education requirement imposed by the State of California. A listing of
additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-
2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org