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Drake Tax Software Review

Drake Tax Software
Our score: 8.6 User satisfaction: N/A

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

Because businesses have special business requirements, it is only sensible that they steer clear of adopting an all-encompassing, ”best” solution. Be that as it may, it would be difficult to try to stumble on such an app even among branded software solutions. The right step to do can be to tabulate the various chief aspects that entail research such as important features, price plans, skill aptitude of the users, company size, etc. The second step is, you should follow through your product research to a full extent. Read some Drake Tax Software evaluations and look over the other applications in your list more closely. Such comprehensive product research ascertain you take out ill-fitting software products and select the one which offers all the features your business requires.

Position of Drake Tax Software in our main categories:

TOP 20

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

If you are interested in Drake Tax Software it might also be a good idea to examine other subcategories of Tax Software gathered in our base of SaaS software reviews.

There are trendy and widely used applications in each software group. But are they automatically the best fit for your company’s special requirements? A market-leading software solution may have thousands of subscribers, but does it provide what you require? For this reason, do not blindly invest in popular systems. Read at least a few Drake Tax Software Tax Software reviews and mull over the aspects that you wish to have in the software such as the price, main tools, available integrations etc. Then, shortlist a few solutions that fit your needs. Try out the free trials of these products, read online comments, get information from the seller, and do your homework meticulously. This exhaustive groundwork is certain to aid you select the finest software solution for your company’s unique wants.

How Much Does Drake Tax Software Cost?

Drake Tax Software Pricing Plans:

Free Trial

Drake Unlimited Version

$1395

Drake Pay-Per-Return Version

$300

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

Positive Social Media Mentions 0
Negative Social Media Mentions 0

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.

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Web-based

Deployment

  • Cloud Hosted
  • On Premise

Language Support

  • English

Pricing Model

  • One-time payment
  • Quote-based

Customer Types

  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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Trending Tax Software Reviews

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Drake Tax Software Comparisons

Drake Tax Software user reviews

Very affordable!

Read full review >
Aileen
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

3/5

Ease of Use

Published on: 28.10.2019 Company Size: More than 100 Employees Industry: Accounting

A genius tool that makes my life exponentially easier.

Read full review >
Greyson
4/5

Overall impression

3/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 20.10.2019 Company Size: 1-10 Employees Industry: Accounting

Simple and does its job well.

Read full review >
Julie
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

4/5

Ease of Use

Published on: 07.10.2019 Company Size: 1-10 Employees Industry: Accounting

A good tool for my industry.

Read full review >
Skylar
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 30.09.2019 Company Size: Industry: N/A

What are Drake Tax Software pricing details?

Drake Tax Software Pricing Plans:

Free Trial

Drake Unlimited Version

$1395

Drake Pay-Per-Return Version

$300

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.

Drake Tax Software average rating:

Average score
4.2/5 (4 user reviews)
4/5

Overall impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Skylar

PROS: If you're looking for a clean and straightforward tool to help you with your task works, then you won't go wrong with Drake. Their team is fast-acting and very responsive too!

CONS: I'm a longtime user and, so far, I haven't had any problems with this program yet.

Reviewed 8 months ago

Read full review >

The least favorable review

Julie

PROS: One of Drake's appeal is that it's really user-friendly and straightforward. It keeps my files well-maintained and organized.

CONS: It would be nice if Drake would send a report that would acknowledge receipt of our filed taxes.

Reviewed 8 months ago

Read full review >

More reviews from 4 actual users:

Sort by:

Latest
  • Latest
  • Most useful
  • Most positive
  • Most negative

Very affordable!

Read full review >
Aileen
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

3/5

Ease of Use

Published on: 28.10.2019 Company Size: More than 100 Employees Industry: Accounting

PROS: Drake is probably the best tool in its price-tier.

CONS: It's not as localized as I had originally hoped. There are some state policies that aren't covered.

What do you think about this review? Great Poor

A genius tool that makes my life exponentially easier.

Read full review >
Greyson
4/5

Overall impression

3/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 20.10.2019 Company Size: 1-10 Employees Industry: Accounting

PROS: I bet most users would agree that Drake is king when it comes to simplifying the otherwise difficult tax of computing and filing for taxes. I can toggle from one view to another without any problem.

CONS: It's not easy to import our data directly into Drake's platform.

What do you think about this review? Great Poor

Simple and does its job well.

Read full review >
Julie
4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

4/5

Ease of Use

Published on: 07.10.2019 Company Size: 1-10 Employees Industry: Accounting

PROS: One of Drake's appeal is that it's really user-friendly and straightforward. It keeps my files well-maintained and organized.

CONS: It would be nice if Drake would send a report that would acknowledge receipt of our filed taxes.

What do you think about this review? Great Poor

A good tool for my industry.

Read full review >
Skylar
5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 30.09.2019 Company Size: Industry: N/A

PROS: If you're looking for a clean and straightforward tool to help you with your task works, then you won't go wrong with Drake. Their team is fast-acting and very responsive too!

CONS: I'm a longtime user and, so far, I haven't had any problems with this program yet.

What do you think about this review? Great Poor
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Reviewed By Nestor Gilbert
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