The Introduction of TaxMode Redefines the Ease for Computing and Planning Income Taxes

    PRINCETON, NJ, November 03, 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 way to evaluate what was the best option was either use a complex and expensive professional tax and financial planning software, or a simplistic and rigid income tax estimator TaxMode introduces a new approach with an application designed to provide the power and the detailed answers from a traditional tax planning software with the intuitive look, feel and simplicity of a desktop or a handheld calculator.

Everyone will find this free income tax calculator app easy to learn and use. Tax professionals seeking more functionality will find the premium version's advanced features as 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), Earned Income Credit, 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 calculator on the market today, whether it is used to do a simple tax estimation, evaluate the impact of a property sale, pre income tax return preparation, use as an income tax refund calculator or simply get the handle on the benefit of a home refinance, the uses of TaxMode are limitless. In addition with 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 planners will want to have to handle their everyday tax planning needs.

TaxMode is the most affordable (free) and easy to use tax analysis software tool available to taxpayers and financial professionals alike. "The complexity in today's tax laws has created a new demand for a simpler but powerful tax planning tool" says Jai Sawhney, CEO of Sawhney Systems, "our years of experiencing in developing financial planning solutions has helped us recreate a new platform of tools with the specific goal of providing individuals with the simplest possible app to review their personal federal income taxes and an efficient and versatile income tax planning tool for tax professionals to meet their day to day tax analysis needs". Commenting on several new innovative features included in this version Mr. Sawhney adds, "with the refreshing new design of this app with in-button-display of quick and easy input and the dynamic panels containing results TaxMode should go a long way in helping demystify the concept and calculation of income taxes". Sawhney Systems has been providing financial and tax planning software since 1976.

To download a free copy of TaxMode or to learn more about this application visit Sawhney at www.sawhney.com or the app site 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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