Deadline Reminders

e-File all finished returns by midnight local time. Drake Software strongly suggests that you e-file several hours before the deadline to ensure a timely filing. See Drake Tax – e-Filing a Return for detailed steps.

If more time is needed, file an extension. You can now generate extensions in a batch. Remember that an extension does not provide more time to pay any amount due. See Drake Tax – Batch Extensions for details.

Check for pending acknowledgments to ensure that the returns are transmitted successfully. See Drake Tax – Return Status: Checking Acknowledgments for details.

Verify that all returns and extensions are accepted by the IRS or State. If a return is rejected, it must be corrected within the perfection period, or it is considered to be a late filing. See Drake Tax – Return Due Dates and Deadlines for details.

Solutions for common rejects are available in the Knowledge Base. See Drake Tax - Top Federal Rejects for details.

Drake Support is available to help!

• Use the Help Assistant (available 24 hours a day!)

• Chat support is also available – Chat Support

• Call us at (828) 524-8020 – See Contacting Drake Software Support for hours

Common Knowledge Base Articles

The following articles will help you prepare for the individual deadline.

Deadlines and Extensions

• Drake Tax – Return Due Dates and Deadlines

• Drake Tax – 1040: Individual Extension Form 4868

• Drake Tax – Batch Extensions

• Drake Tax - 1040 - State Extensions Screen (STEX)

• Drake Tax – 1120: Extension Form 7004

• Drake Tax – 1041: Extension Form 7004

• Drake Tax - States Generally - Individual Deadlines and Extensions

• Drake Tax – State Returns: Extensions that can be e-Filed

Payments and Refunds

• Drake Tax - Federal and State Payments - Electronic Funds Withdrawal Setup

• Drake Tax - Pay Federal, State Balance Due by Credit or Debit Card

• Drake Tax - 8888: Direct Deposit and Savings Bond Purchases

• Drake Tax - States Generally: Depositing Refunds

• Drake Tax – State Returns: Estimated Tax Vouchers Direct Debit

• Drake Tax - State Returns - Blank Estimated Tax Vouchers Not Allowed

Common Issues and Topics

• Drake Tax - Paycheck Protection Program and Economic Injury Disaster Loans

• Drake Tax – State Update Limitations

• Drake Tax - Guide to 1098 and 1099 Informational Returns

• Drake Tax - Schedules C, E, F: Special Tax Treatment for SMLLC

• Drake Tax - 1040 - Virtual Currencies and Digital Assets - EF Message 2260

• Drake Tax - FinCEN 114 - Frequently Asked Questions

• Drake Tax - 1041: Carrying Depreciation or Depletion to Schedule C, E, or F

• Drake Tax - 1041 - Common Issues

• Drake Tax - Unnecessary State Return Produced

e-Filing

• Drake Tax – e-Filing a Return

• Drake Tax - EF Return Selector - Messages and Troubleshooting

• Drake Tax - Unsent Batch

• Drake Tax - EF Return Selector: Removing Entries

• Drake Tax - Top Federal Rejects

• Drake Tax – Authentication Failed or Invalid EFIN e-File Password

• Drake Tax - Submission ID (SID)

K-1 Entries in a 1040

• Drake Tax – QBI Deduction: Frequently Asked Questions

• Drake Tax - 1040: K1S Box 17 Code K or K1P Box 20 Code L

• Drake Tax – 1040: K-1 Code Data Entry

• Drake Tax – Form 7203: Shareholder Basis – EF Message 5486

• Drake Tax - Exporting Forms K1 from 1065, 1120-S or 1041

Acks and Common Rejects

• Drake Tax – Return Status: Checking Acknowledgments

• Drake Tax - Clearing EF Messages

• Drake Tax – Search EF Database, Common Acks, and Rejection Codes

• Drake Tax – Form 9325 or EF Notice: Notifying a Taxpayer after IRS Acceptance

• Drake Tax - 1040 - Reject - Tax Return Already Accepted

• Drake Tax - 1041: Name Control Guidelines, EF Message 5300, & IRS Reject R000-901-01

• Drake Tax - EIN, Return Type, or Name Control Mismatch

Amended Returns

• Drake Tax - 1040: Generating an Amended Return (Drake19 and future)

• Drake Tax - 1040-X: FAQs and Troubleshooting

• Drake Tax - States Generally - Generating and e-Filing Amended Individual Returns

• Drake Tax - Amended 990, 1041, 1065, 1120, 1120-S Returns and e-Filing