KEY ACTIVE FEATURESâ— Automatic selection of applicable tax computationsâ— Automatic check for AMT applicability and analysisâ— Computes Earned Income Creditâ— Verify the adequacy of estimated tax paymentsâ— Analyze impact of specific deductionsâ— Supported with details in terms of IRS tax formsâ— Summary or detailed data entry optionsâ— Side by side comparison of alternative scenarios for what-if analysisâ— Effective tool for pre-tax return analysisâ— Ability to email reportsâ— Enhanced data entryâ— Tax calculations include- - Regular income tax - Tax based on QDCG worksheet - Self-employment taxes - Alternative minimum tax - Lump-sum distribution tax - Earned Income Credit (EIC)â— Automatic limitation of maximum amounts allowed for - - Medical expenses - Investment interest deduction - Charitable contributions - Unreimbursed business expenses - Casualty & theft losses - Student loan interest deduction - Tuition & fees deduction
TaxMode is a quick and efficient app for income tax planning. It provides an easy way to compute taxes and perform what-if analysis. It contains detailed implementation of US tax laws for 2012 and earlier years. TaxMode’s capabilities can satisfy almost any level of need for tax computation, planning and analysis.
This app can be a valuable tool for professionals and nonprofessionals alike. For a tax professional it will enhance your analytical ability, improve your day to day productivity and make tax planning more efficient. For an independent individual, it provides an easy to use tool to analyze the tax impact of a transaction in terms of taxes saved or increase in tax liability, calculate a quick year-end tax estimate, perform a pre-tax-return-filing analysis, or review the impact of any other tax related investment decision; TaxMode can help you make more informed decision by providing a better understanding of all the possible income tax implications.
TaxMode can be used with confidence. It is created and supported by Sawhney Systems, a leading developer of personal financial and tax planning software. At Sawhney we have been providing software and related support services to the financial planning professionals since 1976. Our leading software package ExecPlan (www.execplan.com) was the first integrated financial planning software available commercially in USA and the most widely used professional software over past three decades. ExecPlan Express (www.execplanexpress.com) is our latest financial planning software designed to be a crossover product to fulfill diverse planning needs of a professional planner as well as a motivated individual involved in retirement or comprehensive financial and tax planning at a very reasonable price.
We hope you have a productive and satisfying experience with this app and delight us by reviewing TaxMode Pro at Google Play.
Please let us know any thoughts or suggestions you may have while using TaxMode that will help us improve its functionality. Similarly, please write us at support@taxmode.net if you discover a computational error or have questions on a specific calculation. Thank you.
