F E D E R A L F A C T S H E E T S

Transcription

1 FEDERAL FACT SHEETS 32014

2 Form 706 Estate & Generation-Skipping Transfer Tax Returns Supports all 20 Schedules Performs comprehensive calculations for charitable deductions, marital deductions, taxable gift reconciliation, and Section 6166 deferred payments Option to have entries on Estate Property screen flow to Schedule M 706-A Additional Estate Tax Return 706 Estate and Generation-Skipping Transfer Tax Return 706-CE Certificate of Payment of Foreign Death Tax 706-QDT Estate Tax Return for Qualified Domestic Trusts 712 Life Insurance Statement 4768 Application for Extension to Pay Estate Taxes 8822 Change of Address SCH A Schedule A, Real Estate SCH A-1 Schedule A-1, Section 2032A Valuation SCH B Schedule B, Stocks and Bonds SCH C SCH D SCH E SCH F SCH G SCH H SCH I SCH J SCH K SCH L SCH M SCH O SCH P SCH Q SCH R SCH R-1 SCH U Schedule C, Mortgages, Notes, and Cash Schedule D, Insurance on the Decedent s Life Schedule E, Jointly Owned Property Schedule F, Miscellaneous Property Schedule G, Transfers During Decedent s Life Schedule H, Powers of Appointment Schedule I, Annuities Schedule J, Funeral Expenses Schedule K, Debts Schedule L, Net Losses during Administration Schedule M, Bequests to Surviving Spouse Schedule O, Charitable Gifts Schedule P, Credit for Foreign Death Taxes Schedule Q, Credit for Tax on Prior Transfers Schedule R, Generation-Skipping Transfer Tax Generation-Skipping Transfer Tax Payment Voucher Schedule U, Qualified Conservation Easement Exclusion Form 709 Gift Tax Returns > Taxpayer name and address information transfers from the 1040 to the 709 > Data entry will flow to the tax forms. > Automatically generates returns for a husband and wife > Fast entry of recurring gifts during the year Form 990 Exempt Organization Tax Returns > Split gifts > Tracks the use of the unified credit > Each donee s annual exclusion > Charitable deduction > Gifts to a qualified state tuition program > Includes Forms 990-EZ, 990-N, 990-PF, 990-T, and 990-W > Supports required schedules, worksheets, and statements for Forms 990, 990-EZ, 990-PF, and 990-T > Same Officer and Independent Contractor screens used for Form 990, 990-EZ, and 990-PF > Imports trial balance information from QuickBooks > Hyperlinks from screen to screen for data entry > Override and adjustment worksheets (FAQ screen help) > Foreign address input, printing, and e-file > Pre-defined IRC elections > Drake custom trial balance import model > Auto-balance of retained earnings or fund balances > 990-T corporation and trust tax calculations > Schedule A - 2% excess contribution calculation e-file Features > e-file available at no additional cost > e-file PDF attachments > Numerous reports on e-filed returns available > Extensions for all Form 990 types > Additional three-month extension 990 Organization Exempt from Income Tax 990-EZ Organization Exempt from Income Tax - Short Form 990-N e-postcard for Small Exempt Organizations 990-PF Organization Exempt from Income Tax - Private Foundation 990-T Exempt Organization Business Income Tax Return 1118 Foreign Tax Credit - Corporations (and related schedules) 2848 Power of Attorney 3115 Application for Change in Accounting Method 3800 General Business Credit 4136 Credit for Federal Tax Paid on Fuels 4562 Depreciation and Amortization 4720 Return of Certain Excise Taxed Under IRC 41 & Information Return for a Foreign Corporation (and related schedules) 5884 Work Opportunity Credit 6478 Alcohol Used as Fuel Credit 8027 Employer s Annual Information Return of Tip Income & Allocated Tips 8586 Low-Income Housing Credit 8609 Low-Income Housing Credit Allocation and Certification 8609A Annual Statement for Low-Income Housing Credit 8697 Interest Computation Under the Look-Back Method 8821 Tax Information Authorization 8822B Change of Address Form Business 8826 Disabled Access Credit DrakeSoftware.com

3 8845 Indian Employment Credit 8846 Employer FICA Taxes on Tips 8864 Biodiesel and Renewable Diesel Fuels Credit 8868 Application to File Extension for Exempt Organization 8879EO IRS e-file Signature Authorization for an Exempt Organization 8907 Nonconventional Source Fuel Credit 8911 Alternative Fuel Vehicle Refueling Product Credit 8912 Credit to Holders of Tax Credit Bonds 8925 Report of Employer-Owned Life Insurance Contracts 8932 Credit for Employer Differential Wage Payments 8941 Credit for Small Employer Health Insurance Premiums Schedule A Public Charity Status and Public Support Schedule B Schedule of Contributors Schedule C Political Campaign and Lobbying Activities Schedule D Supplemental Financial Statements Schedule E Schools Schedule F Statement of Activities Outside the United States Schedule G Supplemental Information Regarding Fund-Raising or Gaming Activities Schedule H Hospitals Schedule I Grants and Other Assistance to Organizations, Governments, and Individuals Schedule J Compensation Information Schedule K Supplemental Information on Tax-Exempt Bonds Schedule L Transactions with Interested Persons Schedule M Noncash Transactions Schedule N Liquidation, Termination, Dissolution, or Significant Disposition of Assets Schedule O Supplemental Information to Form 990 Schedule R Related Organizations and Unrelated Partnerships 990-W Estimated Tax Worksheet SS-4 Application for Employer Identification Number Worksheets, Attachments, and Other Forms WK_990A Excess 2% Limitation Contributors WK_5471 Form 5471 worksheets WK_8941 Form 8941 worksheets WK_CNTRT (990-T) Contribution Limitation Worksheet WK_H1-8 Worksheets Related to Schedule H WK_TTAX T Tax Computation Worksheet DEPR_REC Depreciation Reconciliation *Form 990-T and related credits are not e-fileable Form 1040 Individual Tax Returns > Open state data entry screens from within federal data entry screens > Federal information flows to state returns > Autofill available for amended returns > Group sales of depreciable assets > Many credit forms available > More than 175 forms, schedules, and worksheets included > 1040NR returns > Split MFJ returns into MFS returns > Standard and custom reporting options > Data entry organized by different areas of the return (income, adjustments, credits, etc.) > Update client data from year to year > Import K-1s from 1120S, 1065, and 1041 packages > Import data from parents returns for Form 8615 > Diagnostic notes and EF message pages > Sorting of interest and dividend entries > Print preparer and ERO signatures > Print estimate/extensions and federal, state, preparer, and client sets > Print the return as PDF > Print labels > Drake Document Manager for paperless office > Client Status Manager for client return tracking > Tax Planner for forecasting client scenarios > Setup options for all returns > Import data from QuickBooks > Appointment Scheduler > Proformas and organizers > Multi-Office Manager > W-2 Import > Schedule D Import > Import data with GruntWorx > Prior-year comparisons > Software updates delivered online > alerts > Ability to returns to Support > Due diligence forms for EIC > Alternative Minimum Tax > AMT depreciation > Estimated tax > Amended returns > At-risk limitations > Sales tax vs. state income tax > Like-kind exchanges > Lump-sum distribution > Child Tax Credit > Passive activities > SEP/Keogh/SIMPLE contributions > Ministerial income calculations > 4797 calculations > Foreign income exclusion > Late-filing penalties > Basis worksheets for Schedule K-1s > Underpayment penalty > Household employment taxes > Kiddie Tax 2

4 > Business use of home > Self-employment tax > Charitable contribution limitation > Partial rental ownership > Vacation homes > Federal and state depreciation differences > Unlimited number of fixed assets, installment sales, publicly traded partnerships > Carryover items > NOLs > Suspended losses > Tax-preference items > Sale of home > Section 179 business income limitation e-file Features > e-file available for federal and all states > Numerous reports available on e-filed returns > PDF attachments available for e-file. 56 Notice Concerning Fiduciary Relationship 709 Gift Tax Return 970 Application to Use LIFO Inventory Method 982 Reduction of Tax Attributes 1040 Individual Income Tax Return 1040A Individual Income Tax Return 1040ES Estimated Income Tax for Individuals 1040EZ Individual Income Tax for Single and Joint-Filers with No Dependents 1040NR Individual Income Tax for Nonresident Aliens 1040V Payment Voucher 1040X Amended Individual Tax Return 1045 Application for Tentative Refund 1098 Mortgage Interest Statement 1099-C Cancellation of Debt 1099-LST Detail Listing 1099-G Certain Government Payments 1099-MISC Miscellaneous Income 1099-R Distributions from Pensions, Annuities, Retirement, etc RRB Railroad Retirement Benefits 1099-SSA Social Security Benefits 1116 Foreign Tax Credit 1116AMT Foreign Tax Credit Alternative Minimum Tax 1310 Statement of Person Claiming Refund Due a Deceased Taxpayer 2106 Employee Business Expenses 2106EZ Unreimbursed Employee Expenses 2120 Multiple Support Declaration 2210 Underpayment of Estimated Tax 2210F Underpayment of Estimated Tax by Farmers and Fishermen 2350 Application for Extension of Time 2439 Notice of Long-Term Capital Gains 2441 Child and Dependent Care Expenses 2555 Foreign Earned Income 2555EZ Foreign Earned Income Exclusion 2848 Power of Attorney 3468 Investment Credit 3800 General Business Credit 3903 Moving Expenses 4136 Credit for Federal Tax Paid on Fuels 4137 Social Security and Medicare Tax on Unreported Tip Income 4255 Recapture of Investment Credit 4506-T Request for Transcript of Tax Return 4562 Depreciation and Amortization 4684 Casualties and Thefts 4797 Sales of Business Property 4797AMT Sales of Business Property Alternative Minimum Tax 4835 Farm Rental Income and Expenses 4852 Substitute Form W-2 / 1099-R 4868 Application for Automatic Extension to File Form Investment Interest Expense Deduction 4952AMT Investment Interest Expense Deduction Alternative Minimum Tax 4970 Tax on Accumulation of Distribution of Trusts 4972 Tax on Lump-Sum Distributions 5329 Additional Taxes on Qualified Plans 5405 First-Time Homebuyer Credit 5695 Residential Energy Credits 5884 Work Opportunity Credit 6198 At-Risk Limitations 6198AMT At-Risk Limitations Alternative Minimum Tax 6251 Alternative Minimum Tax - Individuals 6252 Installment Sale Income 6478 Credit for Alcohol Used as Fuel 6765 Credit for Increasing Research Activities 6781 Gains and Losses from Section 1256 Contracts and Straddles 8082 Notice of Inconsistent Treatment 8275 Disclosure Statement 8275R Regulation Disclosure Statement 8283 Noncash Charitable Contributions 8332 Release of Claim to Exemption for Child of Divorced or Separated Parents 8379 Injured Spouse Allocation 8396 Mortgage Interest Credit 8582 Passive Activity Loss Limitations 8582-CR Passive Activity Credit Limitations 8582 AMT Passive Activity Loss Limits for AMT 8586 Low-Income Housing Credit 8594 Asset Acquisition Statement 8606 Nondeductible IRAs 8609 Low-Income Housing Certification 8609-A Annual Statement for Low-Income Housing Credit 8611 Recapture of Low-Income Housing Credit 8615 Tax for Certain Children with Investment Income 8801 Credit for Prior Year Minimum Tax 8812 Additional Child Tax Credit 8814 Parents Election to Report Child s Interest and Dividends 8815 Exclusion of Interest from Series EE and I US Savings Bonds 8820 Orphan Drug Credit 8821 Tax Information Authorization 8822 Change of Address 8824 Like-Kind Exchanges 8826 Disabled Access Credit 8828 Recapture of Federal Mortgage Subsidy 8829 Expenses for Business Use of Your Home 8834 Qualified Electric Vehicle Credit 8835 Renewable Electricity and Refined Production Credit 8839 Qualified Adoption Expenses 8844 Empowerment Zone Credit 8845 Indian Employment Credit 8846 Credit for Employer Social Security and Medicare Taxes Paid 8853 Archer MSAs and Long-Term Care Insurance Contracts 8857 Request for Innocent Spouse Relief 8859 District of Columbia First-Time Homebuyer Credit 8862 Information to Claim Earned Income Credit after Disallowance 8863 Education Credits DrakeSoftware.com

5 8864 Biodiesel and Renewable Diesel Fuels Credit 8866 Interest Computation Under the Look-Back Method 8867 Paid Preparer s EIC Checklist 8873 Extraterritorial Income Exclusion 8874 New Markets Credit 8878 Signature Authorization Application for Extension of Time to File 8879 IRS e-file Signature Authorization 8880 Credit for Qualified Retirement Savings Contributions 8881 Credit for Small Employer Pension Plan Startup Costs 8882 Credit for Employer-Provided Childcare Facilities and Services 8885 Health Coverage Tax Credit 8891 US Information Return for Beneficiaries of Canadian Retriement Plans 8889 Health Savings Accounts (HSAs) 8896 Low Sulfur Diesel Fuel Production Credit 8903 Domestic Production Activities Deduction 8907 Nonconventional Source Fuel Credit 8908 Energy Efficient Home Credit 8909 Energy Efficient Appliance Credit 8910 Alternative Motor Vehicle Credit 8911 Alternative Fuel Vehicle Refueling Property Credit 8912 Credit to Holders of Tax Credit Bonds 8917 Tuition and Fees Deduction 8919 Uncollected Social Security and Medicare Tax on Wages 8930 Qualified Disaster Recovery Assistance Retirement Plan Distributions 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit 8938 Statement of Specified Foreign Financial Assets 8941 Credit for Small Employer Health Insurance Premiums 8948 Preparer Explanation for Not Filing Electronically 8949 Sales & Dispositions of Capital Assets 8959 Additional Medicare Tax 8960 Net Investment Income Tax Individuals, Estates, and Trusts 9325 Acknowledgement and General Information for Taxpayers Who File Electronically 9465 Installment Agreement Request Report of Foreign Bank and Financial Accounts FEC Foreign Employer Compensation W-2 Wage and Tax Statement W-2_LST W-2 Listing W-2G Certain Gambling Winnings W-2GU Guam Wage and Tax Statement W-4 Withholding of Federal Income Tax W-7 Application for IRS Individual Taxpayer Identification Number SCHA Schedule A, Itemized Deductions SCHB Schedule B, Interest and Ordinary Dividend Income SCHC Schedule C, Profit or Loss from Business SCHC-EZ Schedule C-EZ, Net Profit from Business SCHD Schedule D, Capital Gains and Losses SCHD_AMT Schedule D, Capital Gains and Losses, AMT SCHE Schedule E, Supplemental Income and Loss SCHEIC Schedule EIC, Earned Income Credit SCHF Schedule F, Farm Income SCHH Schedule H, Household Employment Taxes SCHJ Schedule J, Income Averaging for Farmers and Fishermen SCHR Schedule R, Credit for the Elderly or the Disabled SCHSE Schedule SE, Self-Employed Tax Worksheets AMT-NOL Alternative Net Operating Loss Worksheets MFS_ALLC SALESTAX WK_MSA Community Property State Married Filing Separate Allocation State and Local General Sales Tax Deduction MSA Contribution Limits WK_SCH E Schedule E Worksheet, Rental Limitation on Deductions for Personal Use WK_SEHID Self-Employed Health Insurance Deduction WK_1045 Itemized Deductions Limitations WK_1116 Lump-Sum Distributions WK_1116D Worldwide Qualified Dividends and Capital Gains WK_I179L Business Income Limitation for Section 179 WK_1250 Unrecaptured Gain WK_2119 Sale of Home WK_6251A Exemption WK_8582 Passive Activity WK_85821 Passive Loss #1 Worksheet, Lines 1A, 1B, and 1C WK_85823 Passive Loss #3 Worksheet, Lines 3A, 3B, and 3C WK_85824 Passive Loss #4 Worksheet, Lines 10 and 14 WK_85825 Unallowed Losses Worksheet WK_85826 Passive Loss-Allowed Losses Worksheet WK_85827 Losses Reported on 2 or More Schedules WK_8582CR Form 8582-Credit 8582-PTP Publicly Traded Partnership Worksheets WK_8606 Reduced IRA Deduction WK_8606N 1040 IRA Deduction WK_8611 Form 8611 WK_8615 Form 8615 WK_8812 Child Tax Credit WK_8829 Deduction for Business Use of Home WK_8839 Modified AGI Worksheet - Form 8839 WK_88393 Exclusion of Prior Year Benefits - Form 8839 WK_88394 Adoption Credit Carryover WK_8917 MAGI for the Tuition and Fees Deduction WK_AUTO Auto Expense WK_CAPGN Capital Gains Tax worksheet Form 2210, Schedule A1, Line 12 WK_CARRY Carryover WK_CCLMT Applying the Deduction Limits for Charitable Contributions WK_CGTAX Capital Gain WK_CTC4 Taxable Earned Income WK_D Schedule D, Tax WK_D_CG Capital Loss Carryover WK_D_J Schedule D Tax Worksheet for Schedule J WK-E-2 Schedule E Worksheet, Indirect Expenses WK_EIC Earned Income Credit WK_ES Estimated Tax for Next Year WK_EX SS Excess Social Security Tax Withheld WK-IPBAS Partner s Adjusted Basis WK-IPRSK Partner s At-Risk Basis WK-ISBAS Shareholder s Adjusted Basis WK-ISRSK Shareholder s At-Risk Basis WK_MSA MSA Contribution Limits WK_NOL NOL Carryover/Carryback Worksheet WK_NOLCO NOL Carryover WK_PMI Private Mortgage Insurance Deduction WK_REF State and Local Income Tax Refund WK_ROTH Maximum Roth IRA Contribution WK_SEHID Self-Employed Health Insurance Deduction WK_SEP Self-Employed Rate and Deduction WK_SGR Simplified Method WK_SLID Student Loan Interest Deduction WK_SSB Social Security Benefits WK_STDED Standard Deduction 4

6 Form 1041 Fiduciary Tax Returns > Customizable fiduciary and beneficiary transmittal letters > Easy allocation of amounts to beneficiaries > Up to 1,000 beneficiaries supported > Depreciation reports by activity > State calculations included > e-file > Data entry for partnership, S corporation, and other fiduciary K-1s > Open state data entry screens from within federal data entry screens > Federal information flows to state returns > Group sales of depreciable assets > Import data with GruntWorx > Setup options for all returns > Standard and custom reporting options > Data entry organized by different areas of return > Update client data from year to year > Print preparer and ERO signatures > Print estimate/extensions, federal, state, preparer, and client sets > Print return as PDF > Print labels > Appointment Scheduler > Drake Document Manager included for paperless offices > Client Status Manager for client tracking > Multi-Office Manager > Diagnostic notes and EF message pages > Proformas > Software updates delivered online > alerts > Ability to returns to Support > Allocation of deductions to taxable and tax-exempt income > Foreign Tax Credit and AMT Foreign Tax Credits > Handles K-1 distributions and automatically computes beneficiary allocation percentages > NOL worksheet tracks net operating losses > Passive activities > Supports grantor trusts with unlimited grantor statements > Alternative Minimum Tax > Estimated tax > Penalty > Household employment taxes > At-risk limitations > Carryovers > Suspended losses > Adjusted Gross Income > Miscellaneous Deductions Subject to 2% Floor > Estate Tax Deduction 56 Notice Concerning Fiduciary Relationship 1041 Income Tax Return for Estates and Trusts 1041-D Capital Gains and Losses 1041-ES Summary of Estimates 1041 K-1 Beneficiary s Share of Income, Deductions, Credits, etc T Allocation of Estimated Tax Payments to Beneficiaries 1045 Application for Tentative Refund 1116 Foreign Tax Credit 2210 Underpayment of Estimated Tax 2210F Underpayment of Estimated Tax by Farmers and Fishermen 2439 Notice of Long-Term Capital Gains 2848 Power of Attorney 3468 Investment Credit 3800 General Business Credit 4136 Credit for Federal Tax Paid on Fuels 4255 Recapture of Investment Credit 4562 Depreciation and Amortization 4684 Casualties and Thefts 4797 Sales of Business Property 4952 Investment Interest Expense Deduction 4970 Tax on Accumulation Distributions of Trusts 4972 Tax on Lump-Sum Distributions 5884 Work Opportunity Credit 6198 At-Risk Limitations 6252 Installment Sale Income 6478 Credit for Alcohol Used as Fuel 6765 Credit for Increasing Research Activities 6781 Gains and Losses from Section 1256 Contracts and Straddles 7004 Application for Automatic Extension 8082 Notice of Inconsistent Treatment or Administrative Adjustment Request 8275 Disclosure Statement 8275-R Regulatory Disclosure Statement 8453_F 1041 Declaration for an e-file Return 8582 Passive Activity Loss Limitations 8582-CR Passive Activity Credit 8586 Low-Income Housing Credit 8594 Asset Acquisition Statement 8609 Low-Income Housing Certification 8609-A Annual Statement for Low-Income Housing Credit 8801 Credit for Prior Year Minimum Tax 8820 Orphan Drug Credit 8821 Tax Information Authorization 8822 Change of Address 8824 Like Kind Exchanges 8826 Disabled Access Credit 8829 Expenses for Business Use of Home 8834 Qualified Electric Vehicle Credit 8835 Renewable Electricity and Refined Production Credit 8844 Empowerment Zone Credit 8845 Indian Employment Credit 8846 Credit for Employer Social Security and Medicare Taxes Paid 8855 Election to Treat a Qualified Revocable Trust as Part of an Estate 8864 Biodiesel and Renewable Diesel Fuels Credit 8874 New Markets Credit 8879F IRS e-file Signature Authorization to e-file 8881 Credit for Small Employer Pension Plan Startup Costs 8882 Credit for Employer-Provided Childcare Facilities and Services 8886 Reportable Transaction Disclosure 8896 Low Sulfur Diesel Fuel Production Credit 8903 Domestic Production Activities Deduction 8907 Nonconventional Source Fuel Credit DrakeSoftware.com

7 8908 Energy Efficient Home Credit 8909 Energy Efficient Appliance Credit 8910 Alternative Motor Vehicle Credit 8911 Alternative Fuel Vehicle Refueling Property Credit 8912 Credit to Holders of Tax Credit Bonds 8936 Qualified Plug-in Electric Drive Motor Vehicle Credit 8941 Credit for Small Employer Health Insurance Premiums 8948 Preparer Explanation to Not File Electronically 8949 Sales and Other Dispositions of Capital Assets 8960 Net Investment Income Tax Individuals, Estates, and Trusts Report of Foreign Bank and Financial Accounts K1FLIST 1041 K-1 Listing Sch C Schedule C, Profit or Loss from Business Sch C-EZ Schedule C-EZ, Net Profit from Business Sch D Schedule D, Capital Gains and Losses Sch E Schedule E, Supplemental Income and Loss Sch F Schedule F, Profit or Loss from Farming Sch H Schedule H, Household Employment Taxes SS-4 Application for Employer Identification Number Worksheets and Attachments 8582_PTP Publicly Traded Partnership Worksheets CG_Loss Capital Loss Carryover Worksheet SCH Submit Voluntary or Required Statement Attachments to Return WK_85821 Passive Loss #1 Worksheet, Lines 1A, 1B, and 1C WK_85823 Passive Loss #3 Worksheet, Lines 3A, 3B, and 3C WK_85824 Passive Loss #4 Worksheet, Lines 10, and 14 WK_85825 Unallowed Losses Worksheet WK_85826 Passive Loss-Allowed Losses Worksheet WK_85827 Losses Reported on 2 or More Schedules WK_AMID Adjusted Gross Income and Allowable Miscellaneous Deductions Subject to 2% Floor Worksheet WK_B2 Allocation of Deductions to Tax-Exempt Income Worksheet WK_FD Schedule D Tax Worksheet WK_K1 Income, Deductions, and Credit Flow to Individual K-1s Worksheet WK_NOL, NOL Carryover/Carryback Worksheet WK_QDIV Qualified Dividends Tax Worksheet Schedule G, Line 1A Other Forms Available 1041-A Trust Accumulation of Charitable Amounts 1041-J Accumulation Distribution for Certain Complex Trust 3520A Annual Information Foreign Trust with U.S. Owner 4255 Recapture of Investment Credit 5227 Split-Interest Trust Information Return 8832 Entity Classification Election 8868 Application for Extension to File either Form 5227 or Form 1041-A 3800CO General Business Credit Carryover Worksheet Form 1065 Partnership Tax Returns > Information flows from Schedule K to Schedules K-1 automatically > Ability to access common Schedule K items from screen INC (Income & Common K Items) > Partner special allocations > K-1 supplemental information > Import options from QuickBooks > Custom recipient letter for all K-1s > Export partner K-1s into 1040 package > Pre-defined IRC elections > Integrated state business software included > Hyperlinks from screen to screen for data entry > Override and adjustment mapping resource in FAQ > Elections for week year > Drake custom trial balance import module > Supports required schedules, worksheets, and statements > Foreign address input, printing, and e-file > Expense and Schedule M-1 or Schedule M-3 book-to-tax adjustments for credits > Income and expense reporting from 1065 and 1041 K-1s > Unlimited number of ownership changes > Unused section 179 carryover worksheets > Automatic self-employment earnings calculations > Weighted-average ownership calculations for profit, loss, and capital percentage changes during the tax year > Schedule K-1 automatic calculations by activity > Accumulated book or tax depreciation and amortization carried to Schedule L balance sheet > Schedule M-1, M-3, or Form 8916A adjustment made for book-to-tax depreciation and amortization differences > 754 and COGS depreciation detail > Income and capital reconciliation for Schedules M-1 and M-3 > Total Asset Calculation for Schedule M-3 requirement e-file and 2D Barcode Features > e-file available at no additional cost > e-file short-year returns > e-file week year returns > e-file inactive returns > e-file PDF attachments > e-file amended Form 1065 > e-file Form 7004 extension > Numerous reports available on e-filed returns 982 Reduction of Tax Due to Discharge of Indebtedness 1065 Partnership Income 1065B1 Information on Partners Owning 50% or More 1065_C Schedule C, Additional Information for Schedule M _D Schedule D, Capital Gains and Losses 1065_K-1 Schedule K-1, Partner s Share of Income 1065M-3 Net Income (Loss) Reconciliation for Certain Partnerships 1125-A Cost of Goods Sold 2848 Power of Attorney and Declaration of Representative 3115 Application for Change in Accounting 3468 Investment Credit 6

8 4136 Credit for Federal Tax Paid on Fuels 4255 Recapture of Investment Credit 4562 Depreciation and Amortization 4684 Casualties and Thefts 4797 Sales of Business Property 5884 Work Opportunity Credit 6252 Installment Sale Income 6478 Credit for Alcohol Used as Fuel 6765 Credit for Increasing Research Activities 6781 Gains and Losses from Section 1256 Contracts and Straddles 7004 Application for Automatic Extension 8027 Employer s Tip Income and Allocated Tips 8082 Notice of Inconsistent Treatment 8283 Noncash Charitable Contributions 8308 Report of a Sale or Exchange of Certain Partnership Interests 8586 Low-Income Housing Credit 8594 Asset Acquisition Statement Under Section Low-Income Housing Certification 8609-A Annual Statement for Low-Income Housing Credit 8611 Recapture of Low-Income Housing Credit 8697 Interest Computation Under the Look-Back Method 8716 Election to Have Tax Year Other Than a Required Tax Year 8752 Required Payment or Refund Under Section Annual Return for Partnership Withholding Tax 8805 Foreign Partner s Information Statement, copies A, B, C, and D Withholding Tax Payment Voucher 8820 Orphan Drug Credit 8821 Tax Information Authorization 8822B Change of Address Business 8824 Like-Kind Exchanges 8825 Rental Real Estate Income and Expenses of a Partnership or an S Corporation 8826 Disabled Access Credit 8832 Entity Classification Election 8834 Qualified Electric Vehicle Credit 8835 Renewable Electricity Production Credit 8844 Employment Zone and Renewal Community Employment Credit 8845 Indian Employment Credit 8846 Credit for Employer Social Security & Medicare Taxes Paid on Employee Tips 8864 Biodiesel and Renewable Diesel Fuels Credit 8866 Interest Computation Under the Look-Back Method 8873 Extraterritorial Income Exclusion 8874 New Markets Credit 8879PE IRS e-file Signature Authorization for Credit for Small Employer Pension Plan Startup 8882 Credit for Employer-Provided Child Care Facilities 8883 Asset Allocation Statement Under Sec Election of Partnership Level Tax Treatment 8896 Low Sulfur Diesel Fuel Production Credit 8903 Domestic Production Activities Deduction 8907 Nonconventional Source Fuel Credit 8908 Energy Efficient Home Credit 8909 Energy Efficient Appliance Credit 8910 Alternative Motor Vehicle Credit 8911 Alternative Fuel Vehicle Refueling Property Credit 8912 Credit to Holders of Tax Credit Bonds 8916A Supplemental Attachment to Schedule M Report of Employer-Owned Life Insurance Contracts 8932 Credit for Employer Differential Wage Payments 8941 Credit for Small Employer Health Insurance Premiums 8949 Sales and Other Dispositions of Capital Assets Report of Foreign Bank & Financial Accounts Schedule F Schedule F, Profit or Loss From Farming K1_179 Partner/Shareholder Sale of Section 179 Asset K1_3468 Investment Credit K1_8611 Shareholders/Partners Recapture of Low-Income Housing Credit K1_8903 Domestic Production Activities Deduction Schedule K Line 3a and 3b, Expenses from other Rental Activities SS_4 Application for Employer Identification Number Worksheets and Attachments 8283_ATT Noncash Charitable Contributions 8825_ATT Rental Real Estate Additions ATT_B4A Form 1065, Schedule B, Line 4a ATT_B4B Form 1065, Schedule B, Line 4b ATT_PSW Salaries and Wages Attachment ATT_PTL Taxes and Licenses Attachment COMPAREP 1065 Three-Year Tax Return Comparison ES_SUM State Summary of Estimates K1_8825 K-1 Rental Real Estate Activity K-1_ATT K-1 Overflow Statements K1PLIST 1065 K-1 Listing K1_OWN Changes in Ownership WK_179 Section 179 Disposition Statement WK_1250 Unrecaptured Gain Worksheet WK_8941 Form 8941 Worksheets WK_M2 Partners Capital Reconciliation Worksheet WK_M3 Adjusted Total Assets Worksheet WK_P179L Sec 179 Exp Business Income Limitation Worksheet WK_PBAS Partner s Adjusted Basis Worksheet WK_PCAR Capital Account Reconciliation Worksheet WK_PCOMP K to K-1 Comparison Worksheet WK_POWN Changes in Ownership Summary WK_S179 Qualified Disaster Assistance Section 179 Property WK_SE Net Earnings from Self-Employment DEPR_REC Depreciation Reconciliation BK~DEPR Depreciation Detail listing for Book Other Forms Available 970 Application To Use LIFO Inventory Method DrakeSoftware.com

9 Form 1120 Corporation Tax Returns > Pre-defined IRC elections > ACE depreciation worksheet automatically updates Form 4626 > NOL and AMT NOL Carryover worksheets > Capital loss carryover worksheet > Contribution carryover worksheet > Carryover worksheet for unused tax credits, section 179 carryover, Section 1231 loss history, and prior-year AMT > General business credit carryover worksheet > Option to import data from QuickBooks > Integrated state business software included > Hyperlinks from screen to screen for data entry > Override and adjustment mapping resource in FAQ > Elections for week year, other short-year > Drake custom trial balance import module > Supports required schedules, worksheets, and statements > Foreign address input, printing, and e-file > Expense and Schedule M-1 or Schedule M-3 book-to-tax adjustments for credits > Income and expense reporting from 1065 > Underpayment penalty calculations > Personal holding company tax calculations > Alternative Minimum Tax > Amended returns > Section 170 (d)(2)(b) calculations for unused contributions > Personal service corporation tax calculation > Dividends received deduction calculation > Accumulated book or tax depreciation and amortization carried to Schedule L balance sheet > Schedule M-1, M-3, or Form 8916A adjustment made for book-to-tax depreciation and amortization differences > COGS depreciation detail e-file Features > e-file available at no additional cost > e-file short-year, week year, and inactive returns > e-file PDF attachments > e-file amended Form 1120 > e-file Form 7004 extension > Numerous reports available on e-filed returns > Direct deposit and electronic withdrawal 851 Affiliations Schedule 966 Corporate Dissolution or Liquidation 982 Reduction of Tax Due to Discharge of Indebtedness 1118 Foreign Tax Credit Corporations (and related schedules) 1120 Corporation Income Tax Return 1120C Income Tax Return for Cooperative Associations 1120D Capital Gains and Losses 1120H Homeowners Association Income Tax SCH G Certain Persons Owning Voting Stock SCH N Foreign Operations of U.S. Corporations SCH PH Schedule PH, Personal Holding Company Tax 1120W Estimated Tax for Corporation 1120X Amended Income Tax Return 1122 Authorization and Consent of Subsidiary Corporation 1125-A Cost of Goods Sold 1125-E Compensation of Officers 1139 Corporation Application for Tentative Refund 2220 Underpayment of Corporation Estimated Tax 2439 Notice to Shareholder of Undistributed Long-Term Capital Gains 2553 Election by a Small Business Corporation 2848 Power of Attorney and Declaration of Representative 3115 Application for Change in Accounting Method 3468 Investment Credit 3800 General Business Credit 4136 Credit for Federal Tax Paid on Fuels 4255 Recapture of Investment Credit 4466 Application for Quick Refund of Overpayment of Estimated Tax 4562 Depreciation and Amortization 4626 Alternative Minimum Tax 4684 Casualties and Thefts 4797 Sales of Business Property 5471 Information Return for a Foreign Corporation (and related schedules) 5472 Foreign-Owned U.S. Corporation 5884 Work Opportunity Credit 6252 Installment Sale Income 6478 Credit for Alcohol Used as Fuel 6765 Credit for Increasing Research Activities 6781 Gains and Losses From Section 1256 Contracts and Straddles 7004 Application for Automatic Extension 8027 Employer s Tip Income and Allocated Tips 8050 Direct Deposit of Corporate Tax Refund 8082 Notice of Inconsistent Treatment 8283 Noncash Charitable Contributions 8586 Low-Income Housing Credit 8594 Asset Acquisition Statement 8609 Low-Income Housing Certificate 8609-A Annual Statement of Low-Income Housing Credit 8611 Recapture of Low-Income Housing Credit 8697 Interest Computation Under the Look-Back Method 8716 Election for Tax Year Other Than Required Tax Year 8820 Orphan Drug Credit 8821 Tax Information Authorization 8822B Change of Address Business 8824 Like-Kind Exchanges 8826 Disabled Access Credit 8827 Credit for Prior Year Minimum Tax 8832 Entity Classification Election 8834 Qualified Electric Vehicle Credit 8835 Renewable Electricity and Refined Coal Production Credit 8844 Empowerment Zone and Renewal Community Employment Credit 8845 Indian Employment Credit 8846 Credit for Employer Social Security and Medicare Taxes Paid on Employee Tips 8864 Biodiesel and Renewable Diesel Fuels Credit 8866 Interest Computation Under the Look-Back Method 8873 Extraterritorial Income Exclusion 8874 New Markets Credit 8879C e-file Signature Authorization 8

10 8881 Credit for Small Employer Pension Plan Startup Costs 8882 Credit for Employer-Provided Childcare Facilities and Services 8883 Asset Allocation Statement Under Section Low Sulfur Diesel Fuel Production Credit 8900 Qualified Railroad Track Maintenance Credit 8903 Domestic Production Activities Deduction 8906 Distilled Spirits Credit 8907 Nonconventional Source Fuel Credit 8908 Energy Efficient Home Credit 8909 Energy Efficient Appliance Credit 8910 Alternative Motor Vehicle Credit 8911 Alternative Fuel Vehicle Refueling Property Credit 8912 Credit to Holders of Tax Credit Bonds 8916 Reconciliation of Schedule M-3 Taxable Income 8916A Reconciliation of COGS Reported on Schedule M Report of Employer-Owned Life Insurance Contracts 8932 Credit for Employer Differential Wage Payments 8941 Credit for Small Employer Health Insurance Premiums 8949 Sales and Other Dispositions of Capital Assets Report of Foreign Bank and Financial Accounts PAYMENT ACH Payment for Direct Deposit SCH O Consent Plan and Apportionment Schedule for a Controlled Group SCH M-3 Schedule M-3, Net Income (Loss) Reconciliation SS-4 Application for Employer Identification Number UTP Uncertain Tax Position Statement Worksheets and Attachments 3800CO General Business Credit Carryover Worksheet ATT_D Unused Capital Loss Carryforward ATT_G1 Form 1120, Schedule G, Part I Attachment ATT_G2 Form 1120, Schedule G, Part II Attachment ATT_K5A Form 1120, Schedule K, Line 5a Attachment ATT_K5B Form 1120, Schedule K, Line 5b Attachment ATT_NOL Form 1120, Line 29A, NOL Deduction Attachment CompareC 1120C Three-Year Tax Return Comparison Compare 1120 Three-Year Tax Return Comparison CompareH 1120H Three-Year Tax Return Comparison ATT_CSW Salaries and Wages Attachment ATT_CTL Taxes and Licenses Attachment ES_SUM (1-4) Federal/State Summary of Estimates WK_8941 Form 8941 Worksheets WK_ACE Adjusted Current Earnings Worksheet WK_C179L Section 179 Limitations Worksheet WK_CNTRB Contribution Limitations Worksheet WK_CO Carryover/Carryforward Worksheet WK_DRD Dividends Received Deduction Worksheet WK_S179 Qualified Disaster Assistance Section 179 Property WK_TAX Tax Computation Worksheet BK~DEPR Depreciation Detail listing for Book DEPR_REC Depreciation Reconciliation Other Forms Available 970 Application to Use LIFO Inventory Method Form 1120S S Corporation Tax Returns > K-1 supplemental information for all shareholders > Ability to access common Schedule K items from screen 3 (Income and Deductions) > Supplemental information screens for Schedule L > Information flows from Schedule K to Schedule K-1 automatically > Import from QuickBooks > Export shareholder K-1s into 1040 package > Custom and global K-1 recipient letters > Pre-defined IRC elections > Integrated state business software included > Hyperlinks from screen to screen for data entry > Override and adjustment mapping resource in FAQ > Elections for week year, other short-year > Drake custom trial balance import module > Supports required schedules, worksheets, and statements > Foreign address input, printing, and e-file > Expense and Schedule M-1 or Schedule M-3 book-to-tax adjustments for credits > Income and expense reporting from 1065 and 1041 K-1s > Shareholder distribution worksheets > Unlimited number of ownership changes > Unused section 179 carryover worksheets > Weighted average ownership calculations for changes in ownership > Excess net passive income tax > Built-in capital gains tax > Accumulated book or tax depreciation and amortization carried to Schedule L balance sheet > Schedule M-1, M-3, or Form 8916A adjustment made for book-to-tax depreciation and amortization differences > COGS depreciation detail > Income and capital reconciliation for Schedules M-1 and M-3 e-file and 2D Barcode Features > e-file available at no additional cost > e-file short-year returns > e-file week year returns > e-file inactive returns > e-file PDF attachments > e-file amended Form 1120S > e-file Form 7004 extension > Numerous reports available on e-filed returns > Direct deposit and electronic withdrawal 966 Corporate Dissolution or Liquidation 982 Reduction of Tax Due to Discharge of Indebtedness 1120S S corporation Tax Return 1120S_D S corporation Capital Gains Losses and Built-In Gains 1120SK_1 Shareholder s Share of Income, Deductions, Credits, etc DrakeSoftware.com

11 1125-A Cost of Goods Sold 2220 Underpayment of Estimated Tax by Corporations 2439 Notice of Long-Term Capital Gains 2553 Election by a Small Business Corporation 2848 Power of Attorney and Declaration of Representative 3115 Application for Change in Accounting Method 3468 Investment Credit 4136 Credit for Federal Tax Paid on Fuels 4255 Recapture of Investment Credit 4562 Depreciation and Amortization 4684 Casualties and Thefts 4797 Sales of Business Property 5884 Work Opportunity Credit 6252 Installment Sale Income 6478 Credit for Alcohol Used as Fuel 6765 Credit for Increasing Research Activities 6781 Gains and Losses From Section 1256 Contracts and Straddles 7004 Application for Automatic Extension 8027 Employer s Tip Income and Allocated Tips 8050 Direct Deposit of Corporate Tax Refund 8082 Notice of Inconsistent Treatment 8283 Noncash Charitable Contributions 8586 Low-Income Housing Credit 8594 Asset Acquisition Statement Under Section Low-Income Housing Certificate 8609-A Annual Statement Low-Income Housing Credit 8611 Recapture of Low-Income Housing Credit 8697 Interest Computation Under the Look-Back Method for Completed Long-Term Contracts 8716 Election for Tax Year Other Than Required Tax Year 8752 Required Payment for Refund Under Section Orphan Drug Credit 8821 Tax Information Authorization 8822B Change of Address Business 8824 Like-Kind Exchanges 8825 Rental Real Estate Income and Expenses 8825_ATT Rental Real Estate Additional Information 8826 Disabled Access Credit 8832 Entity Classification Election 8834 Qualified Electric Vehicle Credit 8835 Renewable Electricity and Refined Coal Production Credit 8844 Empowerment Zone and Renewal Community Employment Credit 8845 Indian Employment Credit 8846 Credit for Employer Social Security and Medicare Taxes Paid on Employee Tips 8864 Biodiesel and Renewable Diesel Fuels Credit 8866 Interest Computation Under the Look-Back Method 8873 Extraterritorial Income Exclusion 8874 New Markets Credit 8879S e-file Signature Authorization 8881 Credit for Small Employer Pension Plan Startup Costs 8882 Credit for Employer-Provided Childcare Facilities and Services 8883 Asset Allocation Statement 8896 Low Sulfur Diesel Fuel Production Credit 8903 Domestic Production Activities Deduction 8907 Nonconventional Source Fuel Credit 8908 Energy Efficient Home Credit 8909 Energy Efficient Appliance Credit 8910 Alternative Motor Vehicle Credit 8911 Alternative Fuel Vehicle Refueling Property Credit 8912 Credit to Holders of Tax Credit Bonds 8916_A Reconciliation of COGS Reported on Schedule M Report of Employer-Owned Life Insurance Contacts 8932 Credit for Employer Differential Wage Payments 8941 Credit for Small Employer Health Insurance Premiums 8949 Sales and Other Dispositions of Capital Assets Report of Foreign Bank and Financial Accounts K1S_LIST K-1 Listing PAYMENT ACH Payment for Direct Debit RENT Schedule K, Expenses from Other Rental Activities SCH M-3 Schedule M-3, Net Income Reconciliation for S Corporations SS_4 Application for Employer Identification Number Sch N Foreign Operations of U.S. Corporations Worksheets, Attachments, and Other Forms Available 970 Application to Use LIFO Inventory Method ATT_SSW Salaries and Wages Attachment ATT_STL Taxes and Licenses Attachment COMPARES 1120S Three-Year Tax Return Comparison DIST Distribution Record ES_SUM (1-4) Federal/State Summary of Estimates K1_179 Partner/Shareholder Sale of Section 179 Asset K1_3468 Investment Credit K1_8611 Shareholders/Partners Recapture of Low-Income Housing Credit K1_8825 K-1 Rental Real Estate Activity K1_8903 Domestic Production Activities Deduction Shareholder Information K1_Dist Shareholder Distribution Record K1_OWN Changes in Ownership WK_1250 Unrecaptured Gain Worksheet WK_179 Section 179 Disposition Statement for Entity and Shareholders WK_8941 Form 8941 Worksheets WK_ M2 AAA/Retained Earnings Reconciliation Worksheet WK_NPIT Excess Net Passive Income Tax WK_S179 Qualified Disaster Assistance Section 179 Property WK_S179L Business Income Limitation Worksheet WK_SBAS Shareholder Adjusted Basis WK_SCOMP K to K-1 Comparison Worksheet WK_SOWN Changes in Ownership Summary DEPR_REC Depreciation Reconciliation BK~DEPR Depreciation Detail Listing for Book 10

12 Always Exceptional CPA Practice Advisor 2014 Readers Choice Awards #1 Tax Planning #1 Tax Document Automation #1 Website Builders for Accounting Firms Review of Drake Document Manager Overall Rating ½ Core Product Function/Features ¾ Integration/Data Export/Import Advanced Functionality ½ Journal of Accountancy #1 Price Satisfaction #1 Ease of Installation/Updates #1 Ease of Use #1 Form Updates #1 Ease of e-file and PDF Attachments #1 Most Recommended for New Practice #1 Price #1 Support (Both Ease of Obtaining & Quality) # 1 FOR MORE INFORMATION, VISIT DRAKESOFTWARE.COM Drake Software > 235 East Palmer Street > Franklin, NC > Fax > Sales@DrakeSoftware.com > DrakeSoftware.com