Under Setup > Setup Options a variety of tabs are available so you can customize your data entry and forms as needed. Options are detailed below based on what tab is selected. Be sure to Save after making any changes

Administrative Options

Due Diligence

• Print all due diligence assistance documents

• Require due diligence assistance screens to be completed

Bank Products - State laws regarding fees

• Charge ALL taxpayers the same fees (You MUST read the program help before choosing this option).

Return Status Notification Programs

• None

• ABCVoice

Generate consent forms with tax return

Require contact information on returns

Billing

Select Bill format

• Comprehensive Bill

• Summary Bill

• Classic Bill

These options apply to all Bill formats

• Show preparer fees withheld from bank product

• State sales tax (Ex: Enter 4.5% as 4.5)

• Local sales tax (Ex: Enter 4.5% as 4.5)

Billing statement format

• Show only total amount

• Show form list and total

• Show forms, form prices, and total

• Bill by time

• Show forms, number of forms, and charges per form

• Move prep time charge to bottom of bill

• Do not prepare a bill

Header on bill

• Show preparer's name

• Show only tax year

• Professional services statement

• None

These options are used ONLY for the Classic Bill

• Print taxpayer's phone number on the bill

• Print taxpayer's e-mail address on the bill

Custom Paragraph Options

• Top of bill

• Bottom of bill

Calculation and View/Print

Print sort options for Interest/Dividends

• Do not sort

• Alphabetical - ascending

• Alphabetical - descending

• Numerical - ascending

• Numerical - descending

Select to Turn On

• Display client fee on Calculation screen

• Print only one overflow statement per page

• Mask SSN, EFIN, PTIN on Client and Preparer Sets

  • Do not mask last 4 digits of SSN

  • Do not mask depositor account number on Form 1040

• Elect to claim FTC without filing Form 1116 when possible

Client Communications

Letter Selection

• Individual

  • Comprehensive Result Letter (All Individual Tax Types)

  • Comprehensive Spanish Result Letter (All Tax Types)

  • Custom Result Letter Template (Must be Modified) - This option appears four times, corresponding with templates available for customization under Setup > Communications.

  • Federal Only Result Letter

  • Federal, States Only Result Letter

  • Federal, States, Cities Only Result Letter

  • Summary Result Letter (All Tax Types)

• S Corporation

  • Sub-S Comprehensive Result Letter

  • Sub-S Custom Result Letter Template (Must be Modified)

  • Sub-S Federal Only Result Letter

  • Sub-S Federal, States Only Result Letter

  • Sub-S Federal, States, Cities Only Result Letter

• Partnership

  • Partnership Comprehensive Result Letter

  • Partnership Custom Result Letter Template (Must be Modified)

  • Partnership Federal Only Result Letter

  • Partnership Federal, States Only Result Letter

  • Partnership Federal, States, Cities Only Result Letter

• K-1 Letterhead

  • Do not print entity or firm information

  • Print entity information

  • Print firm logo and letterhead

• Include privacy letter with returns

• Include engagement letter with returns

• Include customized supplemental letter with returns

• Include K-1 letter with returns

Filing Instructions

• Federal

  • Do not print

  • Always print

  • Print only for paper returns

• State

  • Do not print

  • Always print

  • Print only for paper returns

Print filing instructions for federal Forms 8878 and 8879

Use paper-filing information for federal and state letters and filing instructions

Referral Coupons (3 per sheet)

• Sheets per return

• Coupon amount

Common Forms

Use this tab to select which input screens are listed on the Common tab under the Your Forms section in a return. The Common tab is a quick way to access the screens that you use most often. Administrators can set up a list of common forms to be used by all preparers by making a selection in the Display For drop list.

• Choose Home Office to set up a list for all preparers.

• Choose Office to set up a list for all preparers in your firm.

• Choose Preparer (Self) to set up a personal list of common forms.

To complete federal setup:

1. Choose the return type and then federal.

2. Select a form from the drop list and click Add Form to list.

3. To remove a form from the list, click the delete icon next to the form name.

4. You can change the order of the list by clicking the up or down icons next to the form name.

To complete state setup:

1. Choose the return type and the state radio button.

2. Select the state in the drop list.

3. Select a form from the drop list and click Add Form to list.

4. To remove a form from the list, click the delete icon next to the form name.

5. You can change the order of the list by clicking the up or down icons next to the form name.

Custom Documents

Use this screen to upload PDF documents that can be viewed by all users for your account.

Custom Drop Down

Use this screen to create custom drop down lists that can be used on the Bill or Business/Taxpayer information screens.

Custom Flags

Use this screen to add or remove custom flags on the Taxpayer Information screen.

Disabled Forms

Use this screen to add a form to the Disabled Forms list. A disabled form can only be accessed by an administrator.

Electronic Filing

Default ERO

• None

• Paid Preparer

Select to Turn On

• Auto-generate taxpayer(s) PIN (1040 Only)

• Require 'Ready for EF' indicator on EF screen

• Print 9325 when eligible for EF

• Suppress federal EF

• Alert preparer when bank product is not included

• Email 9325 Notice to Taxpayer (automatically from Drake Processing Center)

State EF

• Suppress

Form and Schedule

Forms

• Print Form 4562 only when required

• Print Form 6251 only when required

• Print W-2/1099 forms

• Print two W-2/1099-Rs per page

Schedules

• Print Schedule A only when required

• Print Schedule B only when required

• Next-year depreciation schedule

• Print page 2 of Schedule K-1 for 1041 and K-1 codes for 1120-S and 1065

More Options

• Carryover worksheet

• Print ES vouchers only when screen ES indicates

• Always show reason for no EIC

• Always show tax computation worksheet

• Print shareholder's/partner's adjusted basis worksheet

1040-SR suppress

• Do not suppress 1040-SR

• Suppress 1040-SR

Form 8879 bank account options

• Print client's bank account numbers

• Do not print client's bank account numbers

• Print the last four digits of the bank account number

Set Conditions (choose value from drop list)

• W-2 list if greater than

• W-2G list if greater than

• 1099-M list if greater than

• 1099-R list if greater than

• Federal Withholding Summary

• List of Dividends and Interest if more than

• K-1 list (bus. returns only) if greater than

Hidden Forms

Use this screen to add a form to the Hidden Forms list. A hidden form is removed from the available forms list in a return, but can still be found by searching.

Locked Fields

Use this screen to lock specific fields on any form.

Optional Documents

Envelope Sheet

• Taxpayer address

• IRS Center address

• State address

• City address

• K-1 address

Estimated payment coversheet (Nelco ENV500)

Select to Print with Returns

• Folder coversheet

• Prior year(s) comparison form

• Return Summary

• Bill summary

• Labels

Optional Items on Return

Select to Print on Return

• Date on return

  • Print dates for taxpayer and spouse signatures (excludes 1040)

• Taxpayer phone number

Third party designee - Choose from drop list. See Drake Tax Online - Third-Party Designee Setup for details.

Send for Review Email

Use this screen to edit a firm's Send for Review email address. A notification will be sent to this email address when a return is sent for review.

States

Select a state from the drop list to view the available setup options.

Verified Fields

Use this screen to flag certain fields on any form as verified. The values in these fields will need to be verified before a return can be filed.

Print Sets

Use this screen to set or change the number of copies a given form will be printed per set.

POS Devices

POS devices can be used to receive credit, debit, or contactless payments from your clients when you partner with Drake Pay. See Drake Tax Online - Drake Pay Integration for details.