Tax Preparation

 Drake Software 2010 Who’s Who

February 26, 2019 

Drake Software 2010 Who’s Who

Drake Software is the Smart Choice for Tax Professionals For over 33 years, Drake’s team of programmers, tax analysts, CPAs, and EAs has provided tax professionals the tools they need to grow their businesses. Each year, Drake processes more than nine million federal- and state-accepted returns, focusing on value, consistent excellence in federal and state...…

Featured Articles

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October 19, 2010 

1099-G Software

Certain Government Payments If you made contributions to a government unemployment compensation program and received a payment from that program, the payor must issue a separate Form 1099-G to report this amount to you.

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October 19, 2010 

1099-DIV Software

Dividends and Distributions Form 1099-DIV, Dividends and Distributions, is used to report dividends, capital gains, nontaxable, and liquidation distributions.

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October 19, 2010 

1099-CAP Software

Changes in Corporate Control and Capital Structure A corporation in which you own stock that has had a change in control or a substantial change in capital structure must send you this statement by January 31 of the year following the calendar year of the change.  You have received this statement because the corporation has...…

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October 19, 2010 

1099-C Software

Cancellation of Debt A 1099-C must be provided if a federal government agency, certain agencies connected with the Federal Government, financial institution, credit union, or an organization having a significant trade or business of lending money (such as a finance or credit card company) cancels or forgives a debt you owe of $600 or more.

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October 19, 2010 

1099-B Software

Proceeds from Broker and Barter Exchange Transactions Form 1099-B reports the proceeds from any sales of non money market funds in non-retirement accounts and is used to calculate capital gains and losses. File Form 1099-B (Proceeds from Broker and Barter Exchange Transactions) for each person: (1) for whom you, doing business as a broker or...…

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October 19, 2010 

1098-T Software

Tuition Statement The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997.  Eligible educational institutions are required to submit the student’s name, address, and taxpayer’s identification number (TIN), enrollment and academic status.

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October 19, 2010 

1098-E Software

Student Loan Interest Statement Student Loan Interest Statement is the information return on which financial establishments, government agencies, and educational institutions that receive student loan payments are required to report to the Internal Revenue Service.  The form is used for claiming the Student Loan Interest Deduction, as provided by the Taxpayer Relief Act of 1997.

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October 19, 2010 

1098 Software

Mortgage Interest Statement File Form 1098, Mortgage Interest Statement, to report mortgage interest, including points, of $600 or more received by you, in the normal course of your trade or business, from an individual (including a sole proprietor). The $600 threshold applies to each mortgage.

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October 19, 2010 

1042-S Software

Foreign Person’s U.S. Source Income Subject to Withholding   Every withholding agent must file an information return on Form 1042-S to report amounts paid during the preceding calendar year that are described under Amounts Subject to Reporting on Form 1042-S. You are a withholding agent if you are a U.S. or foreign person that has...…

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September 22, 2010 

California Sales Tax Filing Software

* Approved by the California Board of Equalization* Automatically calculates and validates the return * Import from QuickBooks or spreadsheet* Choice of e-file or Paper File* Fast and easy – most users file in under 10 minutes* Tax Preparers – Supports unlimited clients under a single login* Only $6.95 per filing, or unlimited filings for...…