Drake Tax

Drake Tax is a tax preparation software developed by Drake Software. It is primarily used by tax professionals, including accountants and tax preparers, to efficiently prepare and file individual and business tax returns.

Drake Tax software offers various features to assist in tax preparation, such as importing client data, organizing and inputting tax information, performing calculations, and generating the necessary tax forms and schedules. It supports federal and state tax returns for individuals, partnerships, corporations, estates, and trusts.

The software is designed to handle a wide range of tax scenarios, including complex tax situations, multiple states, and various tax credits and deductions. It provides tools for accurate and efficient data entry, error checking, electronic filing options, and client management.

Drake Tax is known for its user-friendly interface, comprehensive tax form coverage, and frequent updates to reflect changes in tax laws and regulations. It aims to streamline the tax preparation process and enhance the productivity of tax professionals.

Pros:

• Complete practice management and tax preparation
• Cloud-hosted, online and desktop installation options
• Can serve small and large corporations

Cons:

• Limited third-party integration
• Must be renewed every year

Released: 1977
Website: https://www.drakesoftware.com/