Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (2024)

  • What is Drake Tax Software?
  • Drake Tax Software benefits
  • Overview of Drake Tax Software features
  • Drake Tax Software pricing
  • User satisfaction
  • Technical details
  • Support details
  • User reviews

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (1)

What is Drake Tax Software?

Drake Tax is a professional tax management suite designed for small to medium-sized accounting firms. It is one of the products from Drake Software which is a tax software solution. Drake Tax aims to help tax professionals prepare and process returns quickly and efficiently so they will be to focus more on working with their clients and building their business.

Furthermore, Drake Tax speeds up the process of preparing returns through the aid of its shortcut keys and macros, reducing keystrokes and simplifying data entry. The software can also automatically calculate returns as users enter data. In addition, Drake Tax has the capability to export K-1 tax information to Form 1040, as well as, export 8615 parent’s tax information to a child’s Form 8615. Users can prepare multiple-state returns and print taxpayer forms in Spanish.

The software also allows users to analyze multiple tax years, comparing taxes from year to year. If there are errors in the calculation of returns, users can quickly identify and correct them.Last but not the least, the software allows them to e-file federal and state returns.

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Overview of Drake Tax Software Benefits

One of the interesting features offered by Drake Tax is that it enables users to quickly review the returns they are preparing and e-filing. After they calculate the return, the software displays the results of the calculation. Thus, they will be able to determine if the return is eligible for e-filing. Also, the software shows the fees and the refund amount in the calculation results.

Moreover, users can quickly identify if there are some errors in the calculation of returns. This is because Drake Tax displays error messages after they calculate returns. These error messages provide information on how they can correct the errors to prevent issues that can result in an IRS rejection. They can also add notes for tax forms and returns that serve as reminders for themselves, or they can use these notes to share important information with their staff.

In addition, Drake Tax provides users with the capability to import tax forms to the software. These forms include Forms W-2, K-1, and 1040. They can import Forms W-2 and K-1 using a 2D barcode scanner, a hardware that they have the option to integrate with the software. Aside from importing tax forms, the software enables them to export tax information to tax forms. As an example, they will be able to export K-1 tax information from 1041, 1120S, and 1065 returns to Form 1040.

Drake Tax also has an e-filing feature that allows users to submit tax returns online. In e-filing returns, they can attach PDF documents to returns. To eliminate paper versions of returns, Drake Tax provides them with the option to use a signature pad that enables their customers to electronically sign returns. Additionally, the software uses PIN and consent screens that are built so customers can easily approve the returns. This e-filing feature also enables users to e-file state and federal returns separately or combine them together.

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Overview of Drake Tax Software Features

  • Calculation Results
  • Calculation Error Messages
  • Calculation Notes Messages
  • Organized Return Viewing
  • Import W-2s and K-1s Using 2D Barcode Scanner
  • Schedule D (Form 1040) Import
  • K-1 Tax Infomation Export
  • 8165 Tax Information Export
  • Taxpayer Forms in Spanish
  • Multi-State Returns
  • Shortcut Keys and Macros
  • Automatic Data Flow
  • Tax Planner
  • Compare Taxes Year to Year
  • Return Archiving
  • Amortization Schedules
  • Quick Estimator
  • E-Filing
  • PIN and Consent Screens
  • Drake E-Sign
  • Attach PDFs to Returns
  • E-File States with Federal Return or Separately

Drake Tax Software Position In Our Categories

Since businesses have distinct business-related demands, it is reasonable that they abstain from settling on an all-in-one, “perfect” software. Needless to say, it is hard to try to stumble on such an app even among recognizable software solutions. The right step to do should be to list the varied significant aspects which entail examination including important features, pricing, skill levels of the employees, company size, etc. After which, you should perform the research thoroughly. Have a look at some Drake Tax Software evaluations and scrutinize each of the applications in your list in detail. Such well-rounded product research ensures you keep away from ill-fitting software solutions and pay for the system that offers all the tools your business requires to be successful.

Position of Drake Tax Software in our main categories:

TOP 50

Drake Tax Software is one of the top 50 Tax Software products

If you are interested in Drake Tax Software it might also be sensible to analyze other subcategories of Tax Software collected in our base of B2B software reviews.

It's essential to realize that almost no service in the Tax Software category is an ideal solution able to match all the requirements of various business types, sizes and industries. It may be a good idea to read a few Drake Tax Software Tax Software reviews first as some software might excel just in a very narrow set of applications or be created with a very specific type of industry in mind. Others can operate with an idea of being simple and intuitive and consequently lack complicated elements welcomed by more experienced users. You can also find software that support a wide group of customers and give you a complex feature set, however this usually comes at a more expensive cost of such a service. Be certain that you're aware of your requirements so that you choose a solution that provides all the features you look for.

How Much Does Drake Tax Software Cost?

Drake Tax Software Pricing Plans:

Free Trial

Drake Unlimited Version

$1395

Drake Pay-Per-Return Version

$300

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What are Drake Tax Software pricing details?

Drake Tax Software Pricing Plans:

Free Trial

Drake Unlimited Version

$1395

Drake Pay-Per-Return Version

$300

Drake Tax offers two enterprise pricing plans for users to choose from. Here are the details:

Drake Unlimited Version

  • $1395
  • Unlimited Returns
  • All Tax Packages, Federal, and State
  • All E-Filing, Federal, and State

Bundled Software

  • DrakeCWU
  • Drake Documents
  • Drake Tax Planner

Additional Features

  • Free Online Training
  • Free Support

Drake Pay-Per-Return Version

  • $300
  • 15 Returns
    • Additional Returns Are $20 Each
    • Can Convert To Unlimited After 85 Retrurns
  • All Tax Packages, Federal, and State
  • All E-Filing, Federal, and State

Bundled Software

  • DrakeCWU (Available For $295)
  • Drake Documents
  • Drake Tax Planner

Additional Features

  • Free Online Training
  • Free Support

User Satisfaction

Positive Social Media Mentions 40

Negative Social Media Mentions 5

We are aware that when you make a decision to purchase a Tax Software it’s important not only to see how professionals score it in their reviews, but also to discover whether the actual users and enterprises that bought these solutions are indeed happy with the service. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Drake Tax Software reviews across a wide range of social media sites. The information is then displayed in an easy to understand form revealing how many customers had positive and negative experience with Drake Tax Software. With that information at hand you will be ready to make an informed buying choice that you won’t regret.

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Web-based

Deployment

  • Cloud Hosted
  • On Premise

Language Support

  • English

Pricing Model

  • One-time payment
  • Quote-based

Customer Types

  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for Drake Tax Software?

Drake Tax Software supports integration with GruntWorx, a web-based tax automation and organization solution.

Drake Tax Software User Reviews

Drake Tax Software average rating:

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (3)

4.2/5 (4 user reviews)

4/5

Overall impression

5/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (4)

Skylar

Average score

5/5

PROS: If you're looking for a clean and straightforward tool to help you with your task works, then you won't go wrong with Drake. Their team is fast-acting and very responsive too!

CONS: I'm a longtime user and, so far, I haven't had any problems with this program yet.

The least favorable review

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (5)

Julie

Verified user

Average score

4/5

PROS: One of Drake's appeal is that it's really user-friendly and straightforward. It keeps my files well-maintained and organized.

CONS: It would be nice if Drake would send a report that would acknowledge receipt of our filed taxes.

Reviewed 5 years ago

Read full review >

More reviews from 4 actual users:

Sort by:

Latest

  • Latest
  • Most useful
  • Most positive
  • Most negative

Very affordable!

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (6)

Aileen

4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

3/5

Ease of Use

Published on: 23.10.2021 Company Size: More than 100 Employees Industry: Accounting

PROS: Drake is probably the best tool in its price-tier.

CONS: It's not as localized as I had originally hoped. There are some state policies that aren't covered.

What do you think about this review?

Great Poor

A genius tool that makes my life exponentially easier.

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (7)

Greyson

Verified user

4/5

Overall impression

3/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 07.05.2021 Company Size: 1-10 Employees Industry: Accounting

PROS: I bet most users would agree that Drake is king when it comes to simplifying the otherwise difficult tax of computing and filing for taxes. I can toggle from one view to another without any problem.

CONS: It's not easy to import our data directly into Drake's platform.

What do you think about this review?

Great Poor

Show More User Reviews (4)

Simple and does its job well.

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (8)

Julie

Verified user

4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

4/5

Ease of Use

Published on: 07.10.2019 Company Size: 1-10 Employees Industry: Accounting

PROS: One of Drake's appeal is that it's really user-friendly and straightforward. It keeps my files well-maintained and organized.

CONS: It would be nice if Drake would send a report that would acknowledge receipt of our filed taxes.

What do you think about this review?

Great Poor

A good tool for my industry.

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (9)

Skylar

4/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 30.09.2019 Company Size: Industry: N/A

PROS: If you're looking for a clean and straightforward tool to help you with your task works, then you won't go wrong with Drake. Their team is fast-acting and very responsive too!

CONS: I'm a longtime user and, so far, I haven't had any problems with this program yet.

What do you think about this review?

Great Poor

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (10) Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (11) Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (12) Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (13) Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (14) Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (15)

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Drake Tax Software user reviews

Very affordable!

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (41)

Aileen

4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

3/5

Ease of Use

Published on: 23.10.2021 Company Size: More than 100 Employees Industry: Accounting

A genius tool that makes my life exponentially easier.

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (42)

Greyson

Verified user

4/5

Overall impression

3/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 07.05.2021 Company Size: 1-10 Employees Industry: Accounting

Simple and does its job well.

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (43)

Julie

Verified user

4/5

Overall impression

4/5

Customer Support

3/5

Value for Money

4/5

Ease of Use

Published on: 07.10.2019 Company Size: 1-10 Employees Industry: Accounting

A good tool for my industry.

Read full review >

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (44)

Skylar

5/5

Overall impression

4/5

Customer Support

4/5

Value for Money

5/5

Ease of Use

Published on: 30.09.2019 Company Size: Industry: N/A

Drake Tax Software Reviews: Pricing & Software Features 2024 - Financesonline.com (2024)
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