Each time an employer is entered on a screen for a Form K-1F, K-1P, K-1S, W-2, W-2G, 1098, 1099-C, 1099-G, 1099-M, 1099-R, 2439, 2441, 8283, 8863, DIV, INT, or OID, that employer's name, EIN (or SSN), address, and state ID number are automatically added to the EIN database.
Updating the EIN/name Database from Last Year
- Select Last Year Data > Build EIN/Name from [last year]. This opens the "Build EIN Database and Name Index" dialog box.
- (If necessary) From the Prior year Drake program location drop list, select the drive where Drake21 is located.
- From the EIN/Name Index Options section, select the indexes to update and click Continue.
- Change the location of the prior-year return, if necessary.
- Wait for the program to finish scanning the files. (This update takes about one minute for every "2,000" client files.)
- Click Exit.