The Introduction of TaxMode Reinvents the Simple Income Tax Calculator Into a Powerful and Versatile Software to Help Analyze Your Personal Income Taxes

    PRINCETON, NJ, October 07, 2011 /24-7PressRelease/ -- Personal income taxes generally make up both the largest and most manageable expense we each face every year. However, personal expenses - whether they are real estate taxes, mortgage payment, or living expenses - are generally fixed, and therefore little can be done to alter or "manage" these expenses.

The primary reason income taxes are "manageable" is that unlike any other expense, there are financial decisions that can be made that could significantly increase or decrease tax liabilities. The key of course is understanding what will happen "if" you do x, y or z.

In the past, the only options to evaluate what the best option was was to either use a complex and expensive professional tax and financial planning software, or a simplistic and rigid income tax estimator. A new approach is now available to consumers and tax professional with the release of TaxMode a tax planning calculator designed to provide the powerful and detailed answers from a traditional tax planning software with the intuitive feel and look of an income tax calculator.

Even individuals with limited tax experience will find this free income tax calculator easy to learn and enter information, while tax professionals will find the option to use TaxMode's advanced features a practical alternative to comprehensive tax planning software, yet far more powerful and functional than any income tax estimator software.

With calculations for self-employment tax, the alternate minimum tax (AMT), the various limitations for itemized deductions and the ability to adjust for almost any source of income, credit, or tax payment, TaxMode's capabilities can master almost any tax planning objective. It is unlike any income tax return calculator on the market today, whether it is used to do a simple quarterly tax estimation, evaluate the impact of a property sale, calculate the cost of a Roth IRA conversion, use as an income tax refund calculator or simply get a handle on the benefit of a home refinance - the uses of TaxMode are limitless.

In addition to its easy-to-understand main "calculator display" for the basic tax calculation or the detailed 1040 line-by-line reports or the ability to view the specific reports for various schedules including schedule A, B, C, D, E, and SE, TaxMode will be the one tool financial and tax professionals will want to use to handle their everyday tax planning needs.

The release of TaxMode makes doing a tax analysis easier to understand and follow for both professionals and consumers alike.

"Today's complex tax law has created a new demand for simpler but powerful tax planning tools," says Robert Fourman, Director of Marketing for Sawhney Systems. "In our interest to penetrate this market we have developed a free version of TaxMode that will increase the productivity and effectiveness of tax professionals as well as help consumers handle their basic tax planning needs."

To download the free version of TaxMode or to learn more about the product visit www.taxmode.net.

Sawhney Systems is a provided of comprehensive financial planning software for the professional financial advisor. For information on our products TaxMode, ExecPlan and ExecPlan Express please contact us at (800)850-8444.

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