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. Remember that an extension does not provide more time to pay any amount due.

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 business deadline.

Deadlines, e-Filing, and Acks

• Drake Tax – Return Due Dates and Deadlines

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

• Drake Tax -1065: Who Must Sign - Partner, LLC Member, Paid Preparer, ERO PIN

Extensions

• Drake Tax – 1065: Extension Form 7004

• Drake Tax – 1120-S: Extension Form 7004

Amended Returns

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

QBI

• Drake Tax - 1065/1120-S - Wks QBI Calculation and Override

• Drake Tax - QBI Deduction - Specified Service Trade or Business (SSTB)

• Drake Tax - QBI Deduction - W2 Wage Allocation 1120-S

Common Issues and Topics

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

• Drake Tax - 1120-S - Calculating Schedule M-2

• Drake Tax - 1065 - Appointed Representative (Tax Matters Partner)

• Drake Tax – 1065 and 1120-S: Section 179 Expense Not Flowing to Return

• Drake Tax - 1065 - Partner's Adjusted Basis Worksheet (Basis Wks)

• Drake Tax - 1120-S - Shareholder's Adjusted Basis Worksheet (Basis Wks)

• Drake Tax - Change the Rounding Partner, Shareholder, or Beneficiary

• Drake Tax - 1065 - Partner Special Allocations

• Drake Tax - 1065: Entering Guaranteed Payments to Partners

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

• Drake Tax - 1041, 1065, 1120-S - K-1 Codes