Drake Tax Software 2024 Tax Preparation Bootcamp – Business Return & 1040 in 40 mins [2025]

📋 Enroll In My Course - http://bit.ly/46ub4fZ

Unlock the secrets to mastering Drake Tax 2024 in this comprehensive guide for CPAs and tax beginners! 🚀 Whether you're just starting out or looking to refine your tax preparation skills, this video walks you through preparing business tax returns that flow seamlessly to individual returns using Drake Tax software.

🔑 Key Takeaways:
Step-by-step walkthrough of Drake Tax 2024 interface and updates.
Tips for preparing S-Corp tax returns and transferring data to individual tax returns.
Insights on navigating e-filing, balance sheets, and common tax adjustments.
Key federal tax updates and tax software tips for the 2024 tax season.
Practical advice for handling tax credits, deductions, and shareholder details.

📘 What You’ll Learn:
I’ll share my 12+ years of expertise, from working at Big Four firms to managing my own successful business, to help you tackle tax preparation with confidence. This video is packed with tips, practical examples, and solutions to common challenges.

🎓 Ready to take your tax skills to the next level?
Enroll in my exclusive online courses at NotSoBoringCPA.com to master tax preparation and Drake Tax software.
Gain access to 24 in-depth lessons, practical tasks, and personalized weekly calls.
Join my upcoming mastermind group and get real-time support throughout tax season!

💡 Whether you're a CPA, tax professional, or a beginner eager to break into the industry, this channel is your go-to resource for tax education, software tutorials, and industry insights. Don’t forget to subscribe and hit the notification bell for the latest updates!

Thank you for watching, and here’s to an incredible tax season ahead!
Kat

#drakeaccountingsoftware #drakesoftwaretraining #draketaxsoftware #howtousedraketax #drakesoftwaretutorial

CHAPTERS:
00:00 - Intro
01:06 - Drake Tax Software Overview
09:34 - S Corporation Tax Return Process
19:00 - Creating an S Corporation Tax Return
25:15 - Shareholder Information Details
26:42 - Income Statement Preparation
29:30 - Balance Sheet Overview
31:40 - Understanding Schedule M-1
32:50 - AAA Account Explanation
33:50 - K-1 Form Breakdown
39:35 - Preparing Individual Tax Returns
43:12 - 1099-DIV Preparation
45:20 - Utilizing Workpapers in Tax Software
46:50 - Diagnostics in Drake Tax Software
48:45 - Final Thoughts and Summary


🔗Useful Links:

🌐 Website: http://bit.ly/46ub4fZ

📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers :https://www.remotecpainla.com


Contact info:
✅Email for any questions: [email protected]
✅Schedule strategy call : https://www.remotecpainla.com
✅LinkedIn: kateryna--khalandach-cpa

Thank you
Kat
#draketax #draketaxsoftware #taxeducation #taxsoftware I'm here to help tax preparers navigate the world of taxes.

My E-mail: [email protected]

#taxes #taxsoftware #fillingtaxes #cpa #taxeducation #draketaxsoftware #howtopreparetaxes #cpa