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All Practical Training Programs Available Only in Teams Premium Plan
Sample Certificate
Course Details
What You’ll learn
Start your tax journey with tools used by real professionals. This course is built for beginners, aspiring tax preparers, and accounting professionals looking to streamline tax filing using Drake Software. It walks you through 1040, 1065, 1120, and 1120S returns—step by step—with practical simulations to help you understand setup, data entry, review, and filing processes. Designed for clarity and hands-on application, it’s your guide to filing returns the right way.
Major Topics covered
Form 1040 essentials
1065 partnership returns
Corporate tax structures
S corporation compliance
Simulation walk-throughs
Recommended For
Individuals exploring a career in U.S. tax preparation using real software tools
Accounting professionals transitioning to hands-on tax filing roles
Students, job seekers, and career changers seeking in-demand tax tech skills
Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.
Course Modules
Course Title
Time
Total Session
1. Foundational Knowledge for Individual Tax Returns (1040 Series)
1 Hr, 46 Mins
1 Session
Play Now - Foundational Knowledge for Individual Tax Returns (1040 Series)
2. 1040 Filing: Initial Setup and Input Essentials
1 Hr, 16 Mins
1 Session
Play Now - 1040 Filing: Initial Setup and Input Essentials
3. Simulation 1's explanation video
9 Mins
1 Session
Play Now - Simulation 1's explanation video
4. Reporting Wages and Income on Form 1040
1 Hr, 23 Mins
1 Session
Play now - Reporting Wages and Income on Form 1040
5. Simulation 2's explanation video
13 Mins
1 Session
Play Now - Simulation 2's explanation video
6. Schedule C Insights: Reporting Business Income
1 Hr, 23 Mins
1 Session
Play Now - Schedule C Insights: Reporting Business Income
7. Schedule E Overview: Rent and Royalty Income
1 Hr, 23 Mins
1 Session
Play Now - Schedule E Overview: Rent and Royalty Income
8. K-1 Integration for Form 1040 Returns
1 Hr, 14 Mins
1 Session
Play Now - K-1 Integration for Form 1040 Returns
9. Adjustments Tab: Unlocking Key Tax Benefits
1 Hr, 21 Mins
1 Session
Play Now - Adjustments Tab: Unlocking Key Tax Benefits
10. Itemized Deductions and Compliance Essentials
1 Hr, 19 Mins
1 Session
Play Now - Itemized Deductions and Compliance Essentials
11. Simulation 3's explanation video
11 Mins
1 Session
Play Now - Simulation 3's explanation video
12. Finalizing Form 1040: Review, Errors, and E-Filing
50 Mins
1 Session
Play Now - Finalizing Form 1040: Review, Errors, and E-Filing
13. Amended 1040 Returns: Best Practices
47 Mins
1 Session
Play Now - Amended 1040 Returns: Best Practices
14. Foundations for Partnership Tax Returns (1065 Series)
1 Hr, 49 Mins
1 Session
Play Now - Foundations for Partnership Tax Returns (1065 Series)
15. 1065 Filing: Setup and Input Basics
1 Hr, 12 Mins
1 Session
Play Now - 1065 Filing: Setup and Input Basics
16. Income, Deductions, and COGS for Partnerships
1 Hr, 8 Mins
1 Session
Play Now - Income, Deductions, and COGS for Partnerships
17. Simulation 1's explanation video
9 Mins
1 Session
Play Now - Simulation 1's explanation video
18. Form 1065: Mastering Schedules B and B1
1 Hr, 12 Mins
1 Session
Play Now - Form 1065: Mastering Schedules B and B1
19. Schedules L and M: Balance Sheet Best Practices
1 Hr, 12 Mins
1 Session
Play Now - Schedules L and M: Balance Sheet Best Practices
20. Simulation 2's explanation video
9 Mins
1 Session
Play Now - Simulation 2's explanation video
21. Schedules K & K-1: Reporting Partner Contributions
1 Hr, 12 Mins
1 Session
Play Now - Schedules K & K-1: Reporting Partner Contributions
22. Rental Real Estate and Advanced 1065 Forms
1 Hr, 12 Mins
1 Session
Play Now - Rental Real Estate and Advanced 1065 Forms
23. Simulation 3's explanation video
8 Mins
1 Session
Play now - Simulation 3's explanation video
24. Clearing Errors and Finalizing Form 1065
1 Hr, 7 Mins
1 Session
Play Now - Clearing Errors and Finalizing Form 1065
25. Amended Returns: Fixing Errors on Form 1065
1 Hr, 9 Mins
1 Session
Play Now - Amended Returns: Fixing Errors on Form 1065
26. Fundamentals of Corporate Tax Returns (1120 Series)
1 Hr, 44 Mins
1 Session
Play Now - Fundamentals of Corporate Tax Returns (1120 Series)
27. 1120 Filing: Initial Setup Made Simple
1 Hr, 9 Mins
1 Session
Play Now - 1120 Filing: Initial Setup Made Simple
28. Reporting Income, Deductions, and COGS on 1120
1 Hr, 14 Mins
1 Session
Play Now - Reporting Income, Deductions, and COGS on 1120
29. Simulation 1's explanation video
8 Mins
1 Session
Play Now - Simulation 1's explanation video
30. Schedules L and M: Corporate Balance Sheet Basics
1 Hr, 8 Mins
1 Session
Play Now - Schedules L and M: Corporate Balance Sheet Basics
31. Form 1120: Navigating Schedule K and E-Filing
1 Hr, 10 Mins
1 Session
Play Now - Form 1120: Navigating Schedule K and E-Filing
32. Simulation 2's explanation video
9 Mins
1 Session
Play Now - Simulation 2's explanation video
33. Schedule D and Credit Tabs: A Quick Overview
1 Hr, 9 Mins
1 Session
Play Now - Schedule D and Credit Tabs: A Quick Overview
34. Foreign Tab Essentials for Corporate Filings
1 Hr, 9 Mins
1 Session
Play Now - Foreign Tab Essentials for Corporate Filings
35. Simulation 3's explanation video
9 Mins
1 Session
Play Now - Simulation 3's explanation video
36. Form 1120: Review, Errors, and Final Submission
1 Hr, 5 Mins
1 Session
Play Now - Form 1120: Review, Errors, and Final Submission
37. Amending 1120 Returns: A Step-by-Step Guide
1 Hr, 8 Mins
1 Session
Play Now - Amending 1120 Returns: A Step-by-Step Guide
38. Foundations for S Corporation Tax Returns (1120S Series)
1 Hr, 46 Mins
1 Session
Play Now - Foundations for S Corporation Tax Returns (1120S Series)
39. 1120S Filing: Initial Setup and Input Basics
1 Hr, 8 Mins
1 Session
Play Now - 1120S Filing: Initial Setup and Input Basics
40. Reporting Income, Deductions, and COGS on 1120S
1 Hr, 8 Mins
1 Session
Play Now - Reporting Income, Deductions, and COGS on 1120S
41. Simulation 1's explanation video
8 Mins
1 Session
Play Now - Simulation 1's explanation video
42. Schedules B and B1: Key Filing Requirements
1 Hr, 12 Mins
1 Session
Play Now - Schedules B and B1: Key Filing Requirements
43. Schedules L and M: Insights for Small Corporations
1 Hr, 10 Mins
1 Session
Play Now - Schedules L and M: Insights for Small Corporations
44. Simulation 2's explanation video
9 Mins
1 Session
Play Now - Simulation 2's explanation video
45. Schedules K & K-1: Shareholder Reporting Explained
1 Hr, 9 Mins
1 Session
Play Now - Schedules K & K-1: Shareholder Reporting Explained
46. Advanced 1120S Filing: Real Estate and Depreciation
1 Hr, 10 Mins
1 Session
Play Now - Advanced 1120S Filing: Real Estate and Depreciation
47. Simulation 3's explanation video
9 Mins
1 Session
Play Now - Simulation 3's explanation video
48. Finalizing 1120S: Review, Errors, and E-Filing
1 Hr, 7 Mins
1 Session
Play Now - Finalizing 1120S: Review, Errors, and E-Filing
49. Amending 1120S Returns: Error Correction Process
1 Hr, 9 Mins
1 Session
Play Now - Amending 1120S Returns: Error Correction Process
50. Final Quiz
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“The course helped me understand how to properly file 1040s and business returns using Drake Software. The simulations were especially useful—it felt like real work scenarios. This was exactly the kind of training I needed to start my tax season strong.”
Jennifer Lane, CPA
Individual Tax Specialist
Practical, Step-by-Step Guidance
“Excellent walkthrough of real-world tax scenarios. I liked how each section focused on a different return type—no fluff, just direct and useful content. The Drake examples made it even better. Highly recommend to anyone working in tax prep.”
Marcus Hill, EA
Tax Consultant
Very Easy to Follow
“Clear, structured, and straight to the point. I was worried about how complex 1065 and 1120 filings would be, but this course breaks them down with real software inputs. Simple language, solid pacing, and helpful visual demos.”
Denise Bradley, MBA
Accounting Associate
Big Win for a Beginner
“I had no prior experience with Drake Software, but now I’m filing confidently. This course not only gave me technical skills but also the context to apply them. Bonus: I passed my firm’s internal review test after completing this! 👏”
Robert James, AFSP
Junior Tax Analyst
Best Training on myCPE!
“Another awesome course from myCPE! The platform interface is smooth, and the material quality was top-tier. I appreciated the section-wise flow and the instructor’s way of breaking down each step. Practical, current, and highly engaging. 🎯”
Sarah Wilkins, CPA
Senior Tax Preparer
Well-Designed and Intuitive
“Straightforward and efficient. This training covered all the major tax forms we work on, including 1120S and 1040, with input-specific instructions. The simulation videos were a great touch. I’m recommending this to my entire junior team.”
Kevin Moore, JD
Tax and Compliance Advisor
Great Value for Time and Money
“This wasn’t just another CPE filler—it was actually useful. I learned to identify errors in returns and finalize them correctly. Drake Software can be tricky at first, but this course made the process feel manageable. Also, love that it’s on-demand!”
Amanda Ruiz, MST
Corporate Tax Specialist
Game-Changer for Support Teams
“We deal with client input errors all the time, and this course helped me understand the 'why' behind common mistakes. I now feel better equipped to support clients more intelligently, not just follow scripts. A practical course that makes you think.”
Brandon Fields, EA
Tax Support Specialist
Fast and Focused
“It got to the point quickly—no rambling! I especially liked the itemized deductions and Schedule C sections. Good refresher with plenty of practical tips. ✅”
Cindy Morrison, CPA
Tax Advisor
Excellent Platform & Instructor
“myCPE continues to impress me! This course was incredibly smooth, and the instructor was both knowledgeable and relatable. Each module built on the last without overwhelming the learner. I'm lining up my next course already. 🧠”
Thomas Grant, MBA
Tax Filing Specialist
Frequently Asked Questions
The course covers essential areas of tax filing using Drake Software, including setup and input for Form 1040, 1065, 1120, and 1120S returns. Key topics include income and deduction reporting, balance sheet schedules, simulation walkthroughs, amended return processes, and final e-filing reviews—making it a complete, hands-on guide to tax prep.
The course is recommended for individuals exploring a career in U.S. tax preparation using real software tools, accounting and finance professionals transitioning to hands-on tax filing roles, and students, job seekers, and career changers seeking in-demand tax tech skills.
Practical learning is emphasized through real-time simulation explanation videos, form-by-form walkthroughs, error-spotting tips, and finalization processes. This format helps learners apply technical knowledge in realistic filing scenarios, especially in Drake’s tax software environment.
Learners benefit from simulation-based videos, clear module-wise guidance, expert explanations, and compliance insights across different tax forms. The structure supports visual and hands-on learners, helping bridge the gap between tax theory and software-driven application.
The course is led by Gregory Holzel, an experienced tax practitioner with a deep understanding of individual and business tax returns. His expertise in using Drake Software for real-world filing ensures learners gain not just software familiarity but the confidence to file accurately and efficiently.
This course can lead to roles such as Tax Preparer, Tax Associate, Trainee – Tax Preparation & Compliance, Tax Support Staff, Drake Software Executive – Tax Filing, and Tax & Compliance Assistant. Entry-level positions may offer annual salaries starting at $23,916, with experienced professionals earning upwards of $91,983, depending on the role and location.
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