Preparing for the Individual Deadline

Deadline Reminders

• e-File all finished returns by midnight local time. Drake Software strongly suggests that you e-file several hours before the deadline to ensure a timely filing.
  
• If more time is needed, file an extension. You can now generate extensions in a batch. Remember that an extension does not provide more time to pay any amount due. 
• Check for pending acknowledgements to ensure that the returns are transmitted successfully.
  
• Verify that all returns and extensions are accepted by the IRS or State. If a return is rejected, it must be corrected within the perfection period, or it is considered to be a late filing.
• Solutions for common rejects are available in the Knowledge Base.
  
• Drake Support is available to help!
  • Use the Help Assistant (available 24 hours a day!)
  • Call us at (828) 524-8020

Common Knowledge Base Articles

The following articles will help you prepare for the individual deadline. 

Deadlines and Extensions

• 13325: Return Due Dates and Deadlines
• 11797: 1040 - Deadline and Perfection Period
• 11761: 1040 - Individual Extension Form 4868
• 18377: Batch Extensions (Drake23)
• 16440: 1040 - State Extensions Screen (STEX) (Drake19 and future)
• 12117: 1120 - E-Filing Deadlines
• 11060: 1120 - Extension Form 7004
• 11764: 1041 - Fiduciary Extension Form 7004
• 17655: States Generally - Individual Deadlines and Extensions 
• 12366: State Returns - Extensions that can be e-filed

Payments and Refunds

• 10136: Federal and State Payments - Electronic Funds Withdrawal Setup
• 12347: Pay Federal/State Balance Due by Credit or Debit Card
• 11656: 8888 - Direct Deposit
• 10956: States Generally - Depositing Refunds
• 13370: State Returns - Estimated Tax Vouchers Direct Debit
• 14868: State Returns - Blank Estimated Tax Vouchers Not Allowed

Common Issues and Topics

• 16754: Paycheck Protection Program and Economic Injury Disaster Loans
• 18331: State Update Limitations (Drake23)
• 11742: Guide to 1099 Informational Returns
• 11974: Schedules C, E, F - Special Tax Treatment for SMLLC
• 15479: 1040 - Virtual Currencies - EF Message 2260
• 14648: FinCEN 114 - Frequently Asked Questions
• 11183: 1041 - Losses Do Not Flow to the K-1
• 11118: 1041 - Carrying Depreciation to Schedule C, E, or F
• 11838: 1041 - Common Issues
• 11687: 1120 - Important Facts - Payments, PINs, e-Filing, and Other Functions
• 10896: Unnecessary State Return Produced

e-Filing

• 10529: e-File a Return
• 10398: EF Return Selector - Messages and Troubleshooting
• 11133: Unsent Batch Error - Large PDF Attachment
• 10379: EF Return Selector - Removing Entries
• 13833: Top Federal Rejects
• 11547: Authentication Failed or Invalid EFIN e-File Password
• 12968: Submission ID

K-1 Entries in a 1040

• 15919: QBI Deduction - Frequently Asked Questions
• 13170: 1040 - Entering K1S Box 17 Code K or K1P Box 20 Code L
• 10088: 1040 - K1 Code Data Entry
• 17439: Form 7203 - Shareholder Basis - EF Messages 5486 and 5851
• 12095: Exporting Forms K1 from 1065, 1120S or 1041 

Acks and Common Rejects

• 12462: Return Status - Checking Acknowledgements
• 10117: Clearing EF Messages
• 10783: Search EF Database, Common Acks, and Rejection Codes
• 10847: Form 9325 After IRS Acceptance - Notifying the Taxpayer
• 10599: 1040 - Reject R0000-932-02 - Tax Return Already Accepted
• 11186: 1041 - Name Control Guidelines, EF Message 5300, & IRS Reject R0000-901-01
• 15253: 1120/1120S - 7004 - EIN and Return Type Mismatch

Amended Returns

• 16841: 1040 - Generating an Amended Return (Drake19 and future)
• 16938: States Generally - Generating and e-Filing Amended Individual Returns
• 10492: Amended 990, 1041, 1065, 1120, 1120-S Returns and e-Filing