Earning CPE Credits
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Drake Software is proud to be a qualified sponsor of continuing education with the
National Registry of CPE Sponsors (NASBA), the California Tax Education Council
(CTEC), the Oregon State Board of Tax Practitioners, the Texas State Board of Public
Accountancy and the Internal Revenue Service.
Drake Software offers current customers four ways to receive CPE credit, and prospective
customers two ways to receive CPE credit. Any prospective Drake Software customer
can earn up to 14 CPE credits just for reviewing our software and attending an informational
Sales Seminar. Find a seminar near you!
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The Drake Software Evaluation Guide offers you the opportunity
to evaluate Drake’s tax preparation software and familiarize yourself with its capabilities.
Upon completion of the evaluation guide, you will be able to:
- Navigate Drake Software.
- Prepare basic 1040, 1120, and 1065 returns.
- Examine returns.
- Electronically file returns.
To receive a copy of the Evaluation CD and Guide free of charge, call 800.890.9500.
CPE Details
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Drake Software seminars are designed with the new user in mind, focusing on basic
return preparation, electronic filing, and practice management tools. Learn how
to prepare a return in Drake from start to finish, and how to file returns electronically.
Also, discover how to use our practice management tools to increase the efficiency
and productivity of your office. CPE Details
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The Drake Software basic tax course introduces new customers to tax preparation
by reviewing IRS terminology and tax law, and by demonstrating how Drake data entry
works with the tax law. Topics include: filing status, dependents, exemptions, standard
deductions, income, child and dependent care credit, Earned Income Credit, Education
Credit, IRAs and Schedule C. No prerequisites are necessary to participate in this
self-study (distance-learning) basic course. Four CPE credits are available to those
who complete the course and make the required grade on the exam. CPE Details
The Drake Software intermediate level tax course is similar to the basic course
but delves more deeply into Schedules A, C, D, E, and F, plus a Clergy Return course
and takes a more thorough look at depreciation. As is the case with the basic course,
the intermediate course is divided into study units with a comprehensive examination
following completion of the course. Four CPE credits are available to those who
complete the course and make the required grade on the exam. CPE Details
The Drake Software Basic Corporate Tax Course explains the various parts of a corporate
1120 return and shows the student how to use corporate “books” to complete an 1120
in Drake Software. The course includes an in-depth look at Schedule L, plus L-1
and L-2 (Assets and Liabilities), M-1 and M-2 (Reconciliation of the Income Statement
and Retained Earnings), Depreciation, and the use of form 4562. The course consists
of three study units followed by a comprehensive examination. No prerequisites are
necessary to participate in this self-study basic course and three CPE credits are
available to those who complete the course and make the required grade on the exam.
CPE Details
The Drake Software Basic S Corporation Tax Course explains the various parts of
a corporate 1120S return and includes how an S Corporation election is made, and
the characteristics of an S Corporation. The course includes an in-depth look at
how the Schedule M-2 (a) Accumulated adjustments account, (b) Other Adjustments
account, and (c) Shareholder’s undistributed taxable income previously taxed amounts
are entered. The course consists of three study units followed by a comprehensive
examination. No prerequisites are necessary to participate in this self-study basic
course and three CPE credits are available to those who complete the course and
make the required grade on the exam. CPE Details
The Drake Software Basic Partnership Tax Course describes and explains the various
parts of a 1065 partnership return and shows the student how to create and balance
a partnership return in Drake Software. The course describes the different types
of partnerships, passive activity, entering data on a K-1, exporting a K-1, and
schedules L, M-1, and M-2. The course consists of three study units followed by
a comprehensive examination. No prerequisites are necessary to participate in this
self-study basic course and two CPE credits are available to those who complete
the course and make the required grade on the exam. CPE Details
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Get acquainted with Drake Software by attending our summer training courses. Four
courses are offered to introduce new clients to Drake Software and refresh current
users. Drake 101 teaches the basics of data entry, program setup and e-filing. Drake
Extras will introduce the value-added features of Drake Software including Drake
Document Manager, Drake Email, Tax Planner, Reports, Client Status Manager and more.
Beyond the Basics is designed to help both new and experienced preparers navigate
some of the more complex screens in the 1040 return. Client Write-Up is designed
to introduce tax preparers to Drake Software's accounting, payroll, and accounts
payable program.
CPE Details
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From learning the basics of Drake Software to discovering what’s new for tax professionals,
Drake customers can expect to be well prepared for the upcoming tax season after
attending one of the 2010 Drake Software Update Schools. The schools' instructors
introduce and explain enhancements to the software, changes in IRS laws and regulations,
and the use of Drake's business management tools to maximize productivity and business
potential.
CPE Details
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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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North,
Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
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Drake Software has been approved by the California Tax Education Council to offer
courses for state credit toward 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 writing CTEC at P.O. Box 2890, Sacramento, CA,
95812-2890, calling toll-free by phone at (877) 850-2832, or by going on the Internet
to www.ctec.org
Drake Software is an approved sponsor of continuing professional education by the
Texas State Board of Public Accountancy. Sponsor ID# 002921.
Drake Software is an IRS qualified sponsor of continuing professional education
for Enrolled Agents. Sponsor ID # 275.
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