Generating Estimated Payment Vouchers
Drake Tax automatically generates estimated tax payment vouchers for federal returns without requiring any data entry. [CC]
Other videos in this category:
Calculate the taxable portion of the state refund carry to next year's return when the taxpayers is subject to AMT. [CC]
Prepare amendments to tax returns using the Data Entry menu to access the 1040X Amended Return screen. [CC]
Advance CTC payments must be reconciled on the 2021 tax return. Excess advance payment amounts received will be required to be repaid in certain circumstances. To reconcile amounts received for the advance child tax credit, entries must be made on the 8812 screen in Drake Tax 2021.