Drake Tax is loaded with features to help you quickly and efficiently prepare and process returns. So you can stay focused on the important stuff — working with clients and building your business.
Save Time, Stay Productive
The speed you need – Drake Tax helps you do everything quicker, and speeds you through every step of preparing a return. Calculation results and full return view just a click away.
Shortcut keys and macros simplify data entry and reduce keystrokes.
Automatic data flow from federal return to state and city returns, with override options. State and city returns generated as needed. Automatic credit for taxes paid to other jurisdictions. Drake Tax also auto-fills from ZIP Code and EIN entries.
Multi-state returns – Create any state return you need, without having to buy a state add-on module.
Update prior-year data to current year, either all at once or as needed.
Easy backups of any or all client data, plus custom settings. Restore to the same or a different computer.
Easy updates – Choose automatic updating, or just update when you’re notified. Either way, it takes just seconds.
Save time with optional hardware – Add a digital signature pad to e‑sign forms and bank applications. Or a 2D barcode scanner to import W-2s or K-1s with 2D barcodes.
Import and Export
Electronic W-2s – Download and import for select employers.
Schedule D import – Load investment transactions from an Excel or text file.
8615 export – a quick, two-step process to export parents’ tax information to a child’s Form 8615.
K-1 export – K-1s from 1041, 1120S, and 1065 returns flow to 1040 returns.
End-of-year balance import – Get end-of-year balances from Client Write-Up or QuickBooks.
Trial balance import – Enter data from your balanced books into our trial balance spreadsheet and import the information into an 1120, 1120S, or 1065 return.
Plan & Analyze
Drake Tax Planner – Show clients how marital status, dependents, income, etc. can affect their taxes. Save multiple scenarios, and tweak reporting options as needed.
Compare taxes year to year – Analyze multiple tax years in a convenient worksheet.
Compare filing joint vs. separate – See at a glance which filing status would be more beneficial.
Return archiving – Create a version of a return for comparison and safekeeping. Revert to a version with just a click. Helpful for testing different return scenarios.
Quick Estimator shows your client’s refund in just a few clicks.