Comprehensive Training

Learn how to prepare Individual Tax Returns (Form 1040) using Drake Tax software.

Hands-On Experience

Gain practical experience through guided exercises and comprehensive problems.

Beginner to Intermediate Level

Suitable for individuals at a beginner to intermediate level in tax preparation.

About the Course

Build a practical Form 1040 workflow in Drake Tax. Work through filing requirements and dependents, income, taxes and credits, and guided practice examples. Follow the recorded demonstrations to connect tax concepts with software entries and return calculations. Who it is for: bookkeepers adding tax services and tax professionals building individual return preparation skills. Basic tax knowledge is helpful. Before you enroll: you need access to Drake Tax to practice alongside the demonstrations. The curriculum includes a separate set of 2024 practice examples. Review the chapter and lesson list below for the topics included.

Curriculum

6 Chapters · 62 Lessons

    1. (Included in full purchase)

      Chapter 1.2 - The Basic - A Short History of the U.S. Individual Income Tax

    2. (Included in full purchase)

      Chapter 1.3 - An Overview of Form 1040. The Forms

    3. (Included in full purchase)

      Chapter 1.4 - Basic Principles and General Filing Requirements

    4. (Included in full purchase)

      Chapter 1.5 - Personal Exemption and Dependents

    1. (Included in full purchase)

      Chapter 2.1 - Wages, 1040 Line 1

    2. (Included in full purchase)

      Chapter 2.2 - Interest Income, 1040 Line 2

    3. (Included in full purchase)

      Chapter 2.3 - Dividend Income, 1040 Line 3

    4. (Included in full purchase)

      Chapter 2.4 - IRA distributions, 1040 Line 4

    5. (Included in full purchase)

      Chapter 2.5 - Pensions and annuities, 1040 Line 5

    6. (Included in full purchase)

      Chapter 2.6 - Social security benefits, 1040 Line 6

    7. (Included in full purchase)

      Chapter 2.7 - Capital gain or (loss). Schedule D, 1040 line 7

    8. (Included in full purchase)

      Chapter 2.8 - Schedule C - Business Income or Loss (Schedule 1, line 10)

    9. (Included in full purchase)

      Chapter 2.9 - Schedule E - Rental Income and Expenses (Schedule 1, line 10)

    10. (Included in full purchase)

      Chapter 2.10 - Additional income, Schedule 1, line 10

    11. (Included in full purchase)

      Chapter 2.11 - Adjustments to Gross Income, Schedule 1, line 12-21

    1. (Included in full purchase)

      Chapter 3.1 - Standard or itemized deductions overview

    2. (Included in full purchase)

      Chapter 3.2 - Itemized Deductions

    3. (Included in full purchase)

      Chapter 3.3 - Qualified business income deduction from Form 8995 or Form 8995-A (1040 line13)

    4. (Included in full purchase)

      Chapter 3.4 - Additional deductions from Schedule 1-A, line 38 ((1040 line 13b

    5. (Included in full purchase)

      Chapter 3.5 - Tax (1040, line 16) and Other Taxes

    6. (Included in full purchase)

      Chapter 3.6 - Chapter 3.6 - Additional Taxes from Schedule 2(1040, line 17)

    7. (Included in full purchase)

      Chapter 3.7 - Child and Dependent Care Credit (1040, line 19)

    8. (Included in full purchase)

      Chapter 3.8 - Additional Credits and Payments, Schedule 3

    9. (Included in full purchase)

      Carryovers/Overpayments

    1. (Included in full purchase)

      Chapter 5.1 - Overview of Drake Tax 2025 - Installation

    2. (Included in full purchase)

      Chapter 5.2 - Overview of Drake Tax - Overview and Functionalities

    3. Chapter 5.3 - PRACTICE Problem 1 Part 1 - Entering Data (Review Data of Prior Year Tax Return, Excel Worksheet) Free preview
    4. (Included in full purchase)

      2025 Tax Workpapers Examples

    5. (Included in full purchase)

      2025 Tax Organizer Example

    6. (Included in full purchase)

      Provided by Client Information

    7. (Included in full purchase)

      Chapter 5.4 - PRACTICE Problem 1 Part 2 - Entering Basic Data for 2025 Tax Return

    8. (Included in full purchase)

      Chapter 5.5 - PRACTICE Problem 1 Part 3 Data Input Form 1099-DIV & Form 1099-INT

    9. (Included in full purchase)

      Chapter 5.6 - PRACTICE Problem 1 Part 4 Data Input 1099-R

    10. (Included in full purchase)

      Chapter 5.7 - PRACTICE Problem 1 Part 5 Schedule C, Auto Expenses and Business use of home

    11. (Included in full purchase)

      Chapter 5.8 - PRACTICE Problem 1 Part 8 Retirement Contributions

    12. (Included in full purchase)

      Chapter 5.9 - PRACTICE Problem 1 Part 9 Itemized Deduction

    13. (Included in full purchase)

      Chapter 5.10 - PRACTICE Problem 1 Part 10 Health Insurance Marketplace Statement

    14. (Included in full purchase)

      Chapter 5.11 - PRACTICE Problem 1 Part 11 Reconciliation of Income per workpaper with Income Tax Return

    15. (Included in full purchase)

      Chapter 5.12 - PRACTICE Problem 1 Part 12 Clearing Diagnostics and E-filing

    16. (Included in full purchase)

      Workpapers - with answers

    1. (Included in full purchase)

      W-2 Income Tax Software Entry [2024 EXAMPLE]

    2. (Included in full purchase)

      1099-INT Income Tax Software Entry [2024 EXAMPLE]

    3. (Included in full purchase)

      1099-DIV Income Tax Software Entry [2024 EXAMPLE]

    4. (Included in full purchase)

      Capital Gain or (Loss) Software [2024 EXAMPLE]

    5. (Included in full purchase)

      IRA Distributions and How to enter Form 1099-R [2024 EXAMPLE]

    6. (Included in full purchase)

      Social Security Benefits Software Example [2024 EXAMPLE]

    7. (Included in full purchase)

      Alimony Income and Deduction [2024 EXAMPLE]

    8. (Included in full purchase)

      Taxable State Refunds [2024 EXAMPLE]

    9. (Included in full purchase)

      Schedule C - Business Income or Loss - General overview [2024 EXAMPLE]

    10. (Included in full purchase)

      Schedule C - Auto Expenses Standard Mileage vs. Actual Expenses [2024 EXAMPLE]

    11. (Included in full purchase)

      Schedule C - Depreciation [2024 EXAMPLE]

    12. (Included in full purchase)

      Schedule C - Business Use of Your Home [2024 EXAMPLE]

    13. (Included in full purchase)

      Schedule E - Depreciation of Rental property – How to calculate the Basis of Rental property [2024 EXAMPLE]

    14. (Included in full purchase)

      Schedule E - Rental Income and Expenses [2024 EXAMPLE]

    15. (Included in full purchase)

      Schedule E - Sale of Rental Property [2024 EXAMPLE]

    16. (Included in full purchase)

      Standard or itemized deductions overview [2024 EXAMPLE]

    17. (Included in full purchase)

      Itemized Deductions – Medical and Dental Deductions [2024 EXAMPLE]

    18. (Included in full purchase)

      Itemized Deductions – Taxes Paid [2024 EXAMPLE]

    19. (Included in full purchase)

      Itemized Deductions – Mortgage Interest [2024 EXAMPLE]

    20. (Included in full purchase)

      Itemized Deductions – Gifts [2024 EXAMPLE]

    21. (Included in full purchase)

      How to prepare amended return in Drake Tax Software

    1. (Included in full purchase)

      1099-R Distribution and Roth IRA Conversion Form 8606_

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