Drake Tax Software Overview - Full Detailed Demonstration [2023]

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  • Опубліковано 7 лют 2025
  • Black Friday Deal: Become a Tax Preparation Pro! - $50 off all courses
    www.remotecpai...
    This video is a demonstration of Drake Tax Software. See how our great design can speed you through the tax preparation process, and how easy it is to learn and use.
    🔗Useful Links:
    🌐 Website: www.remotecpai...
    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers :www.remotecpai...
    Contact info:
    ✅Email for any questions: kateryna@remotecpainla.com
    ✅Schedule strategy call : www.remotecpai...
    ✅LinkedIn: kateryna--khalandach-cpa
    Thank you
    Kat
    On my channel you can find videos on How to Prepare Tax Returns and Use Different Tax Softwares, including Drake, ATX, and Lacerte. My tax preperation tools will be useful for you and I'm here to help tax preparers navigate the world of taxes.
    My E-mail: kateryna@remotecpainla.com
    #taxes #taxsoftware #fillingtaxes #cpa #taxeducation #draketaxsoftware #howtopreparetaxes #cpa#draketax#becomecpa
    Discover how to expand your tax business with unlimited 1040s using Drake Tax software! I dive into why Drake Tax is my go-to for tax preparation-offering ease of use, affordability, and the flexibility to grow your client base without worrying about costs.
    📈 Key Updates for Tax Preparers:
    Unlimited 1040s for scaling your business
    Cost-effective strategies for tax season
    Pay-per-return options for new tax pros
    🎓 Tax Education:
    Join my online courses for comprehensive tax software training
    Learn to prepare complex tax returns confidently
    🛠️ Drake Tax Software Walkthrough:
    User-friendly functionality
    Seamless e-filing process
    Tips for efficient data entry and error checking
    📞 Enroll in My Course: Visit remoteCPAinla.com for more info!
    🗓️ Schedule a consultation: Contact me for personalized guidance.
    🔍 Visit My Channel: Stay tuned for more tax updates and software tutorials.
    SEO Keywords: tax updates, tax software, CPA, tax preparation, tax filing, 2024 taxes, Drake Tax
    Thank you for watching, and remember, I'm here to support you every step of the way during tax season. Let's tackle those federal tax updates, maximize tax credits, and streamline your tax preparation process together.
    Thank you,
    Kat
    #TaxEducation #1040S #TaxPreparation #TaxSoftwareDemonstration #TaxPreparationServices
    CHAPTERS:
    0:01 - Introduction to Video
    0:07 - Drake Tax Software Features
    2:43 - Promotional Segment Drake Tax
    4:49 - Tax Return Creation Tutorial
    11:27 - Tax Diagnostics and E-Filing Process
    13:09 - Final Thoughts on Drake Tax Software
    Drake Tax Software cost
    Drake tax login
    Best Softwares for tax preparers
    Drake tax software 2023
    Drake tax software support
    Intuit pro connect
    #draketax
    #besttax software
    #tax software

КОМЕНТАРІ • 40

  • @JesusRodriguez-eg2ky
    @JesusRodriguez-eg2ky 11 місяців тому

    Hey! Great introduction video on how to use Drake Software, do you think you can do for businesses S-Corp, C-Corp, Corporation?

    • @notsoboringcpa
      @notsoboringcpa  10 місяців тому

      Great suggestion! Thank you! I will do my best

  • @danieljones304
    @danieljones304 11 місяців тому +1

    How hard is it to keep client's personal information safe when using Drake? I'm about to quit public accounting, but I'm thinking about doing just a few returns on the side, to keep halfway skilled at tax preparation. Will a premium antivirus do the job, or should I be looking at more sophisticated options? Sorry if that's a dumb questions, I'm just an accountant.

    • @notsoboringcpa
      @notsoboringcpa  11 місяців тому +2

      You have good point. Drake has a secure and safe client file exchange data like any other tax software. To secure your computer more you can install the VPN that also provides enencrypted data and yes antivirus is a good idea too.

    • @TheOracleRealm
      @TheOracleRealm 26 днів тому

      @@notsoboringcpaalso, always encrypt your add or herd of the computer most importantly.

  • @MrT6bill
    @MrT6bill Рік тому +2

    They have a period starting around May or June when they offer a great discount for purchasing early.

  • @notsoboringcpa
    @notsoboringcpa  5 місяців тому

    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com

  • @Hickory323
    @Hickory323 Рік тому +1

    I didn't see a K-1 under the forms. Is it just listed in a different place? And does drake do 1120s and 1065s? Thanks for the video

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      It's under Income section > K-1 entry K1 for Individual. And, for 1120s and 1065 it generates once you enter
      the shareholder info

  • @MrT6bill
    @MrT6bill Рік тому +1

    I love videos on Drake!

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      Thank you! I will make sure to record more!😊

  • @KTaylor-u7e
    @KTaylor-u7e Рік тому +1

    what if you have problems with the software do they have tech support?

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      Yes, there is a phone number under Support tab (828) 524-8020. They are super helpful and can also get access to the tax return to fix the issue. the wait is not long or no wait usually

  • @RaicesRGL
    @RaicesRGL Місяць тому

    What do you think of TaxSlayer for the clients? Is my first year and I don't which tax software use.

    • @notsoboringcpa
      @notsoboringcpa  Місяць тому +1

      I think TaxSlayer is okay. I would use it if you have very simple returns. If you get more complex client Drake tax, ATX, Proseries, Proconnect is better

  • @mycreations2
    @mycreations2 Рік тому

    Hi! I'm a new tax preparer with my ptin and efin already, but haven't purchased tax software yet. I understand the IRS allows e-filing (by registered tax preparers only) of 2021 & 2022 taxes. Do you know if Drake 2023 PPR supports the filing of the two previous tax years or would I have to buy their 2022 software to e-file my clients 2022 taxes? thx!

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      HI and congrats on PTIN and EFIN! From my experience - you receive the access to prior year softwares as well but not sure if you can e-file. I had Drake year last 2 years as well so I can e-file 2022 and 2021. Maybe call them before purchasing to confirm to make sure. Good luck this tax season!

    • @mycreations2
      @mycreations2 Рік тому

      Hi again! Just to follow up in case any of your viewers are interested, Stephen Drake from Drake Software emailed me back and said "Yes! We included 2022 when you purchase 2023! In fact, the 2022 filing is at no extra cost." So, I'm sold! Love your videos and thanks for what you do!

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      That is incredible! I would totally go for it! That's a great deal! Thanks for confirming@@mycreations2

    • @huanli4381
      @huanli4381 7 місяців тому

      Hi I just use drake filed a 1065, I bought $349 drake, it says 59.99 for 1065, after I filed 1065, I did not know where to pay 59.99,can you tell me where to pay it. My 1065 has been accepted by IRS.

  • @tatyanalyssova2595
    @tatyanalyssova2595 11 місяців тому

    help please can't add multiple 1099's on the same taxpayer

    • @notsoboringcpa
      @notsoboringcpa  11 місяців тому

      Press Page Down Key on the keyboard to add the new screen

  • @adamnash1873
    @adamnash1873 Рік тому

    Great video. I request to see Taxslayer Pro, if at all possible

  • @Joepiii
    @Joepiii Рік тому

    Hi dear, can you please make a video tutorial on how to apply for EFIN on IRS .

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      Sure! I will try to do it next week! Thanks for suggestion

    • @Joepiii
      @Joepiii Рік тому

      @@notsoboringcpa thank you, dear.

    • @mythiicalb34st93
      @mythiicalb34st93 Рік тому

      Once you apply for your EFIN. Just pick transmitter, online filer and online provider.
      If you choose them all. They will give you a crappy EFIN that will begin in 10, 44 (I had this one) , and other 2 digit numbers that I can't remember.
      Just an FYI, it happened to me 2 years ago but the IRS will resolve the issue fairly quickly.

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      Thank you for sharing! @@mythiicalb34st93

  • @Joepiii
    @Joepiii Рік тому

    Hi dear, I wanted to know if the Form 7216 required for a tax payer to sign that form?

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      I never seen it was requested to sign by tax preparation company. I think it's only applicable if you are planning to give the info to the third party like another advisory service. Google says" If you are offering any services in addition to tax preparation (Bank Products, Insurance, Investments, etc.), the IRC Section 7216 consent form must be signed by each taxpayer prior to you discussing these services or sharing any of their information with another party"

  • @Joepiii
    @Joepiii Рік тому

    Hi dear, do I have to register a business from the state if I will charge client for the tax preparation?

    • @notsoboringcpa
      @notsoboringcpa  Рік тому

      I would mention it to the client that the business is not registered with the state and it has to be and offer to do it for extra fee. You want to make sure that business is an good standing with the state when you acquire the new client as eventually the client will reach out to you when receives any kind of tax notices

  • @izhardawer
    @izhardawer 10 місяців тому

    hello dear. i what is fee of enrolling in Tax traning of Drake? BTW i found you to be the best in exlaping drake.

    • @notsoboringcpa
      @notsoboringcpa  10 місяців тому

      Thank you so much for your kind words. I will try to record more videos here. As for the course, you can find all the information on my website remotecpainla.com. Let me know if you have any questions, and good luck!

  • @sohailsyed2374
    @sohailsyed2374 10 місяців тому

    In my opinion drake tax software is a nightmare for first time user. The shortcuts and functionality is so hidden that you are clueless until you really learn this first. Pro-series is the best one I’ve used. Drake is cheaper but you get what you pay for.

  • @huanli4381
    @huanli4381 7 місяців тому

    Hi I just use drake filed a 1065, I bought $349 drake, it says 59.99 for 1065, after I filed 1065, I did not know where to pay 59.99,can you tell me where to pay it. My 1065 has been accepted by IRS.

    • @notsoboringcpa
      @notsoboringcpa  7 місяців тому

      $349 already includes a few returns, you will need to pay after you use them.

  • @queensgambit4982
    @queensgambit4982 10 місяців тому

    it looks like windows 1998