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Description

TaxMode income tax calculator can satisfy the advanced tax computation needs of a financial planner and yet it is simple enough to be used for a quick tax calculation by a casual user. KEY ACTIVE FEATURES ● Updated tax year 2017 ● US income tax computations for 2017, 2016 & 2015 ● Items for all tax years include- - Additional Medicare Tax for Self-employed income - High earner qualified dividend & capital gains tax - Net investment income tax (Healthcare tax) - Itemized deductions with threshold & phase-out - Personal exemptions with threshold & phase-out - Modified Alternative Minimum Tax (AMT) calculations - Modified Earned Income Credit (EIC) calculations ● Quarterly Estimated Tax computations, report & IRS 1040ES form support* ● Automatic selection of applicable tax computations ● Automatic check for AMT applicability and analysis ● Computes Earned Income Credit ● Verify the adequacy of estimated tax payments ● Analyze impact of specific deductions ● Supported with details in terms of IRS tax forms* ● Summary or detailed data entry options* ● Side by side comparison of alternative scenarios for what-if analysis* ● Effective tool for pre-tax return analysis ● Contains computations for tax years 2017, 2016 and 2015 ● Ability to email reports* ● Enhanced data entry* ● Ability to load & save plans* ● Pie chart & multiple reports* ● Tax calculations include- - Regular income tax - Tax based on QDCG worksheet - Self-employment taxes - Net Investment Income Tax - Alternative minimum tax - Lump-sum distribution tax - Earned Income Credit ● 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 2014 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 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. PlanMode (www.planmode.com) is our latest app designed to fulfill diverse planning needs of a professional planner as well as a motivated individual using a mobile platform. 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@sawhney.com if you discover a computational error or have questions on a specific calculation. Thank you.

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Additional information

Published by

Sawhney Systems

Copyright

Sawhney Systems, Inc.

Developed by

Sawhney Systems

Release date

4/18/2012

Approximate size

1.16 MB

Age rating

For all ages

Category

Personal finance

Installation

Get this app while signed in to your Microsoft account and install on up to ten Windows 10 devices.

Language supported

English (United States)


Additional terms

Terms of transaction


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