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Computing Taxable State Refund with AMT

Calculate the taxable portion of the state refund carry to next year's return when the taxpayers is subject to AMT.

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Electronic Funds Withdrawal

Use the PMT screen to set up automatic fund withdrawal by the IRS, state, and some city departments of revenue.

Late Filed Returns (LATE Screen)

Calculate late federal filing penalties and interest using the Late Screen in Drake Tax.

Foreign Tax Credit, Form 1116

Generate the Foreign Tax Credit on Schedule B for foreign-source income that would normally be taxed by both the US and the country from which the income is derived.