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EARNING CPE CREDITS

Drake Software offers current customers four ways to receive CPE credit, and prospective customers two ways to receive CPE credit.

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.

CPE Available for Prospective and Current Drake Customers

2013 Evaluation Guide – The Drake Software Evaluation Guide familiarizes you with Drake Software and 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
  • E-file returns

Sign up for the Evaluation CD and Guide, free of charge. CPE Details

Drake Software Seminars – Drake Software seminars are designed with the new user in mind, focusing on basic return preparation, e-filing, and practice management tools.

Find a seminar near you

CPE Available for Prospective and Current Drake Customers

2013 Classroom Training - Get acquainted with Drake Software by attending our summer training courses. Three courses 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 introduces Drake’s value-added features, including Drake Document Manager, Drake e-mail, Tax Planner, reports, Client Status Manager and more. Data Entry Features & Tips helps both new and experienced preparers navigate some of the more complex screens in the 1040 return. Client Write-Up Basics and Beyond introduces Drake's accounting, payroll, and accounts payable program. Client Write-Up Payroll Workshop focuses on Client Write-Up’s payroll module, reviewing all aspects of the payroll cycle, including quarterly tax returns and end-of-year e-filing. CPE Details

Update Schools - From the basics of Drake Software to what’s new for tax professionals, the Update Schools get you well prepared for the upcoming tax season. 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

Tax Courses:

  • The Drake

    Basic

    1040 Tax Course consists of 18 study units and a final exam. It introduces new customers to tax preparation, reviews IRS terminology and tax law, examines Schedules A, C, D, E and F, depreciation, plus includes information about preparing Clergy returns. Preparing these various forms and schedules in Drake Software data entry is also examined. Topics include filing status, dependents, exemptions, standard deductions, income (including gross income, W-2 income, capital gains and losses, unemployment compensation, Social Security benefits, supplemental income and losses, farm income, and business income ), child and dependent care credit, earned income credit, education credits and deductions, depreciation, IRAs and Schedule C. There are no prerequisites for this self-study (distance-learning) basic course. Eight CPE credits are available to those who complete the course and make the required grade on the exam. CPE Details
  • The

    Basic Corporate

    course describes and explains the various parts of a corporate 1120 return and shows the student how to use corporate "books" to complete an 1120 return in Drake Software. The course includes an in-depth look at Schedule L, Assets and Liabilities (L-1 and L-2), Reconciliation of the Income Statement (M-1), Retained Earnings (M-2), depreciation, and the use of Form 4562. There are no prerequisites for 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

    Basic S Corporation

    course explains the various parts of a corporate 1120S return, including how an S Corporation election is made and the characteristics of an S Corporation. The course includes a detailed 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. There are no prerequisites for 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

    Basic Partnership

    course describes and explains the various parts of a 1065 partnership return and shows 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. There are no prerequisites for 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

CPE Sponsorships

IRS Approved

Drake Software is an IRS qualified sponsor of continuing professional education for Enrolled Agents and Registered Tax Return Preparers.

NASBA

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.

CTEC

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 visiting www.ctec.org

Drake Software is an approved sponsor of continuing professional education by the Texas State Board of Public Accountancy. Sponsor ID# 002921.

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