TaxMode: income tax calculator for Android

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Developer’s Description

Professional grade US income tax planning app with quick computations & analysis

A US income tax planning app for individuals, financial advisors, accountants, real estate agents or anyone in need of income tax analysis app to evaluate impact of federal income taxes for 2012 or analyzing other financial planning objectives.KEY FEATURES 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 Ability to email reports Enhanced data entry 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) 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 deductionTaxMode 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. TaxModes 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.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. We hope you have a productive and satisfying experience with this app and delight us by reviewing TaxMode at Google Play. Thank you.Recent changes:Enhanced app start up.Updated capital gains related tax computations based on latest details released by IRS for 2012 tax year. Main report enhanced.Auto implementation of several new tablets including Google Nexus 7.Fullsize tablet rotation smoothing.Content rating: Everyone