TaxMode

WhatistheTaxMode:incometaxcalculator&plannerforUSAapplication,howdoesitwork?

AccordingtotheintroductionofSawhneySystems,TaxMode:incometaxcalculator&plannerforUSAisaFinanceappontheAndroidplatform.Thereiscurrentlya2020.4versionreleasedonJan04,2020,youcanseethedetailsbelow.

INCOMETAXCALCULATOR&PLANNER
ThisprofessionalgradeUSAtaxplannerisdesignedtosatisfytheadvancedtaxcomputationneedsofafinancialplannerandyetitissimpleenoughtobeusedforaquicktaxcalculationbyacasualuser.

KEYACTIVEFEATURES
●Updatedfor2020and2019taxyears
●IncludesQualifiedBusinesspass-thruthresholdanddeductions
●Includestaxyears2020,2019&2018
-Regularincometax
-Self-employmenttax
-QualifiedBusinessincomededuction
-Netinvestmentincometax
-AdditionalMedicaretax
-Itemizeddeductionswiththreshold&phase-out
-Personalexemptionswiththreshold&phase-out
-ChildandDependentTaxCredit
-EarnedIncomeCreditcalculations
-Alternativeminimumtax
-Lump-sumdistributiontax
-FICAtaxes

●QuarterlyEstimatedTaxcomputations,report&IRS1040ESformsupport*
●Automaticselectionofapplicabletaxcomputations
●AutomaticcheckforAMTapplicabilityandanalysis
●ComputesEarnedIncomeCredit
●Verifytheadequacyofestimatedtaxpayments
●Analyzeimpactofspecificdeductions
●SupportedwithdetailsintermsofIRStaxforms*
●Summaryordetaileddataentryoptions*
●Sidebysidecomparisonofalternativescenariosforwhat-ifanalysis*
●Effectivetoolforpre-taxreturnanalysis
●Abilitytoemailreports*
●Enhanceddataentry*
●Abilitytoload&saveplans*
●Piechart&multiplereports*
●Automaticlimitationofmaximumamountsallowedfor-
-Medicalexpenses
-Investmentinterestdeduction
-Charitablecontributionswithdeductiontestsfor60%,30%&20%qualifiedcontributions
-Unreimbursedbusinessexpenses
-Casualty&theftlosses
-Studentloaninterestdeduction
-Tuition&feesdeduction

TaxModeisaquickandefficientappforincometaxplanning.Itprovidesaneasywaytocomputetaxesandperformwhat-ifanalysis.ItcontainsdetailedimplementationofthelatestUStaxlaws.TaxMode’scapabilitiescansatisfyalmostanylevelofneedfortaxcomputation,planningandanalysis.

Thisappcanbeavaluabletoolforprofessionalsandnonprofessionalsalike.Forataxprofessionalitwillenhanceyouranalyticalability,improveyourdaytodayproductivityandmaketaxplanningmoreefficient.Foranindependentindividual,itprovidesaneasytousetooltoanalyzethetaximpactofatransactionintermsoftaxessavedorincreaseintaxliability,calculateaquickyear-endtaxestimate,performapre-tax-return-filinganalysis,orreviewtheimpactofanyothertaxrelatedinvestmentdecision;

TaxModecanbeusedwithconfidence.ItiscreatedandsupportedbySawhneySystems,aleadingdeveloperofpersonalfinancialandtaxplanningsoftware.AtSawhneywehavebeenprovidingsoftwareandrelatedsupportservicestothefinancialplanningprofessionalssince1976.OurleadingsoftwarepackageExecPlan(www.execplan.com)wasthefirstintegratedfinancialplanningsoftwareavailablecommerciallyinUSAandthemostwidelyusedprofessionalsoftwareoverpastthreedecades.PlanMode(www.planmode.com)isourlatestfinancialplanningsoftwaredesignedtobeacrossoverproducttofulfilldiverseplanningneedsofaprofessionalplanneraswellasamotivatedindividualinvolvedinretirementorcomprehensivefinancialandtaxplanningonmobileplatforms.

WehopeyouhaveaproductiveandsatisfyingexperiencewiththisappanddelightusbyreviewingTaxModeProatGooglePlay.

PleaseletusknowanythoughtsorsuggestionsyoumayhavewhileusingTaxModethatwillhelpusimproveitsfunctionality.Similarly,pleasewriteusatsupport@sawhney.comifyoudiscoveracomputationalerrororhavequestionsonaspecificcalculation.Thankyou.



*Indicatespremiumfunctions