Price

$300

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Drake Tax Software REVIEW

Tax Software

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OUR SCORE 8.6

What is Drake Tax Software?

Drake Tax is a professional tax management suite designed for small to medium-sized accounting firms. It is one of the products from Drake Software which is a tax software solution. Drake Tax aims to help tax professionals prepare and process returns quickly and efficiently so they will be to focus more on working with their clients and building their business.

Furthermore, Drake Tax speeds up the process of preparing returns through the aid of its shortcut keys and macros, reducing keystrokes and simplifying data entry. The software can also automatically calculate returns as users enter data. In addition, Drake Tax has the capability to export K-1 tax information to Form 1040, as well as, export 8615 parent’s tax information to a child’s Form 8615. Users can prepare multiple-state returns and print taxpayer forms in Spanish.

The software also allows users to analyze multiple tax years, comparing taxes from year to year. If there are errors in the calculation of returns, users can quickly identify and correct them. Last but not the least, the software allows them to e-file federal and state returns.

Overview of Drake Tax Software Benefits

One of the interesting features offered by Drake Tax is that it enables users to quickly review the returns they are preparing and e-filing. After they calculate the return, the software displays the results of the calculation. Thus, they will be able to determine if the return is eligible for e-filing. Also, the software shows the fees and the refund amount in the calculation results.

Moreover, users can quickly identify if there are some errors in the calculation of returns. This is because Drake Tax displays error messages after they calculate returns. These error messages provide information on how they can correct the errors to prevent issues that can result in an IRS rejection. They can also add notes for tax forms and returns that serve as reminders for themselves, or they can use these notes to share important information with their staff.

In addition, Drake Tax provides users with the capability to import tax forms to the software. These forms include Forms W-2, K-1, and 1040. They can import Forms W-2 and K-1 using a 2D barcode scanner, a hardware that they have the option to integrate with the software. Aside from importing tax forms, the software enables them to export tax information to tax forms. As an example, they will be able to export K-1 tax information from 1041, 1120S, and 1065 returns to Form 1040.

Drake Tax also has an e-filing feature that allows users to submit tax returns online. In e-filing returns, they can attach PDF documents to returns. To eliminate paper versions of returns, Drake Tax provides them with the option to use a signature pad that enables their customers to electronically sign returns. Additionally, the software uses PIN and consent screens that are built so customers can easily approve the returns. This e-filing feature also enables users to e-file state and federal returns separately or combine them together.

Overview of Drake Tax Software Features

  • Calculation Results
  • Calculation Error Messages
  • Calculation Notes Messages
  • Organized Return Viewing
  • Import W-2s and K-1s Using 2D Barcode Scanner
  • Schedule D (Form 1040) Import
  • K-1 Tax Infomation Export
  • 8165 Tax Information Export
  • Taxpayer Forms in Spanish
  • Multi-State Returns
  • Shortcut Keys and Macros
  • Automatic Data Flow
  • Tax Planner
  • Compare Taxes Year to Year
  • Return Archiving
  • Amortization Schedules
  • Quick Estimator
  • E-Filing
  • PIN and Consent Screens
  • Drake E-Sign
  • Attach PDFs to Returns
  • E-File States with Federal Return or Separately

Drake Tax Software Position In Our Categories

Position of Drake Tax Software in our main categories:

20

Drake Tax Software is one of the top 20 Tax Software products

20

Drake Tax Software is one of the top 20
Tax Software products


If you are interested in Drake Tax Software it may also be a good idea to analyze other subcategories of Best Tax Software listed in our database of SaaS software reviews.

It's important to realize that almost no software in the Tax Software category is an ideal solution able to fulfill all the requirements of various company types, sizes and industries. It may be a good idea to read a few Drake Tax Software reviews first as certain software may perform well just in a really narrow group of applications or be prepared with a really specific type of industry in mind. Others may work with a goal of being easy and intuitive and therefore lack advanced functionalities desired by more experienced users. You can also find solutions that focus on a large group of customers and offer a rich feature set, however this frequently comes at a higher cost of such a solution. Make sure you're aware of your requirements so that you purchase a service that provides all the elements you look for.

How Much Does Drake Tax Software Cost?

Drake Tax Software Pricing Plans:

Drake Tax offers two enterprise pricing plans for users to choose from. Here are the details:

Drake Unlimited Version 

  • $1395
  • Unlimited Returns
  • All Tax Packages, Federal, and State
  • All E-Filing, Federal, and State

     Bundled Software

  • DrakeCWU
  • Drake Documents
  • Drake Tax Planner

     Additional Features

  • Free Online Training
  • Free Support

Drake Pay-Per-Return Version

  • $300
  • 15 Returns
    • Additional Returns Are $20 Each
    • Can Convert To Unlimited After 85 Retrurns
  • All Tax Packages, Federal, and State
  • All E-Filing, Federal, and State

    Bundled Software

  • DrakeCWU (Available For $295)
  • Drake Documents
  • Drake Tax Planner

     Additional Features

  • Free Online Training
  • Free Support

User Satisfaction

We realize that when you make a decision to buy Tax Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Drake Tax Software reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Drake Tax Software. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

POSITIVE SOCIAL MENTIONS

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Technical details

Devices Supported
  • Windows
  • Android
  • iPhone/iPad
  • Web-based
Language Support
  • USA
  • UK
  • Canada
  • International
  • Spain
Pricing Model
  • One-time payment
  • Quote-based
Customer Types
  • Large Enterprises
  • Medium Business
Deployment
  • Cloud Hosted
  • On Premise

What Support Does This Vendor Offer?

  • EMAIL
  • PHONE NO.
  • LIVE SUPPORT
  • TRAINING
  • TICKETS

What are Drake Tax Software pricing details?

Drake Tax Software Pricing Plans:

Drake Tax offers two enterprise pricing plans for users to choose from. Here are the details:

Drake Unlimited Version 

  • $1395
  • Unlimited Returns
  • All Tax Packages, Federal, and State
  • All E-Filing, Federal, and State

     Bundled Software

  • DrakeCWU
  • Drake Documents
  • Drake Tax Planner

     Additional Features

  • Free Online Training
  • Free Support

Drake Pay-Per-Return Version

  • $300
  • 15 Returns
    • Additional Returns Are $20 Each
    • Can Convert To Unlimited After 85 Retrurns
  • All Tax Packages, Federal, and State
  • All E-Filing, Federal, and State

    Bundled Software

  • DrakeCWU (Available For $295)
  • Drake Documents
  • Drake Tax Planner

     Additional Features

  • Free Online Training
  • Free Support

What integrations are available for Drake Tax Software?

Drake Tax Software supports integration with GruntWorx, a web-based tax automation and organization solution.

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