Drake Tax Software 2023: Tax Preparation Bootcamp 1040 and Biz return in 1 hour - What’s New in 2024

🚀 Dive into the world of tax preparation with the "Drake Tax 2023 Unveiled" video. I’m here to break down the latest updates and show you how to master Drake Tax software swiftly and efficiently! Whether you're gearing up for tax season or refining your expertise, this video is your go-to resource. 📊
🔹 *What’s Covered:*
1. **Detailed Overview**: Starting with what's new in Drake Tax 2023, especially the crucial updates like BOI requirements and enhanced e-filing options.
2. **Step-by-Step Guide**: Walkthrough on setting up and utilizing key features for both individual and business tax returns.
3. **Practical Demonstration**: Real-time examples to prepare you for practical application, ensuring you're not just learning, you're applying!
4. **Q&A Session**: I'll address common questions and provide clarifications, making complex topics accessible to everyone.
👨‍💻 *Why Watch?*
- **Stay Updated**: Keep ahead with the latest changes in tax software.
- **Increase Efficiency**: Learn shortcuts and tricks to streamline your tax preparation process.
- **Expert Guidance**: Benefit from professional insights to enhance your understanding and skills.
💼 *Who Should Watch?*
- Tax Professionals seeking to update their software knowledge.
- CPAs and tax preparers needing a refresher or new insights into Drake Tax.
- Anyone looking to streamline their tax season with effective software utilization.
📝 I'm here to help you navigate the complexities of tax software, making tax season a breeze. Don't forget to *subscribe* for more updates and tutorials on Drake Tax and other tax preparation tools. Drop your questions or feedback in the comments below; let's make tax preparation easier together!
🔗 *Stay Connected*
For more information, tips, or to enroll in detailed courses, visit my website at [YourWebsite.com]. Here to support your journey through the tax maze with ease and expertise!
#TaxSoftwareCourses #DrakeTax2023 #DrakeTaxPackages #TaxReturnEfiling #DrakeTaxFeatures
CHAPTERS:
0:00 - Intro
0:25 - Drake Tax 2023 Updates
3:22 - Drake Tax 2023 Overview
10:46 - Online Courses Promotion
12:22 - Tax Return Processing in Drake
13:48 - Prior Year Data Entry Tips
15:20 - How to Enter W-2 Forms
21:09 - Filing 1099-Consolidated Forms
26:03 - Reporting Capital Gains
29:20 - Resolving Tax Diagnostics
33:25 - Business Tax Return Overview
35:48 - Financial Data Entry for Business Tax
42:24 - Schedule K-1 Generation
49:47 - Final Review and Tips
50:21 - End
🔗Useful Links:
🌐 Website: www.remotecpainla.com
📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers :www.remotecpainla.com
Contact info:
✅Email for any questions: [e-mail]
✅Schedule strategy call : www.remotecpainla.com
✅LinkedIn: kateryna--khalandach-cpa
Thank you
Kat
#draketax #draketaxsoftware #taxeducation #taxsoftware

[@salpremiers]

Very helpful video, thank you for your time!

[@notsoboringcpa]

You are welcome!

[@VishnuSabu-br9mh]

Very Thanks.

[@notsoboringcpa]

🫶🙏

[@blec.g7522]

Thank you ❤

[@notsoboringcpa]

🤗

[@waverlylane1]

YEAH, thank you for the updated video, i.e. even learned a thing or two, especially about 2441 entry.
Now, just show users how to have everything entered in uppercase in the setup options data entry, letter case for data entry.
I see too many Drake users copying and pasting data into the tax program, and sometimes the data is mixed case, proper case or even lowercase and when they paste the data in there that’s just it prints on the tax return.
So we’ll have a tax return where one field is uppercase, other fields are lowercase and other fields are mixed case.

[@notsoboringcpa]

Thank you! That’s a very good point 🙏

[@JDJEUNECPAPC]

Hello! Thank you for your videos... What tax software do you use? I just switched to from Drake to ATX this year after more than a decade of using drake. Looking for cloud based next year. What do you recommend? Thanks again!

[@notsoboringcpa]

Thank you for watching my videos! I use Drake because it has a more affordable and flexible pricing model. The only truly cloud-based option is Proconnect, but its price is higher. I do recommend Proconnect if the price works for you.

[@nhungweinberg2650]

Where do I report the sales tax for the S Corp? Thank you!

[@notsoboringcpa]

Under line 12 Taxes and licenses of form 1120s, page 1

[@Lmestheticsmua]

I just recently got my license and i’m very nervous on taking clients.

[@notsoboringcpa]

Congrats on getting your license! It’s a big deal!
It’s normal to be nervous - you will be fine!

[@blec.g7522]

First year using drake, after input Prior year depreciation & data current year depreciation is not generating 😢 not sure why

[@notsoboringcpa]

Would you please send me the screenshots of the entry to [e-mail] and I will try to help. Maybe they already depreciated everything?

[@naveenpandit1369]

Thank you ❤

[@notsoboringcpa]

You're welcome 😊