Comprehensive Tax Preparation for Individuals and Families

Omar Financial provides expert tax preparation services tailored to individuals, families, and self-employed individuals. Our goal is to help taxpayers maximize their refunds, minimize tax liabilities, and stay compliant with IRS regulations while ensuring a stress-free tax filing experience.

Who Can Benefit from Our Individual Tax Services?

We serve a wide range of clients, including:

• Wage earners (W-2 employees)
• Self-employed individuals (1099 workers, freelancers, and independent contractors)
• Gig economy workers (Uber, Lyft, DoorDash, Amazon Flex, etc.)
• Families with children and dependents
• Retirees and Social Security recipients
• Investors with rental properties, stocks, or cryptocurrency
• Students and recent graduates
• Individuals with multiple income sources or state tax filings

Our Personal Tax Preparation Services Include:

1. Federal and State Tax Return Preparation

• Filing both federal and state tax returns accurately and efficiently.
• Preparation for single, married filing jointly, married filing separately, and head of household tax statuses.
• Handling multi-state filings for individuals working in different states.
• Optimizing refunds and reducing tax liabilities through credits and deductions.

2. Maximizing Deductions and Tax Credits

We identify all possible tax-saving opportunities, including:

• Earned Income Tax Credit (EITC)
• Child Tax Credit & Additional Child Tax Credit
• Dependent Care Credit
• Education Credits (American Opportunity Credit & Lifetime Learning Credit)
• Retirement Savings Contributions Credit
• Mortgage Interest and Property Tax Deductions
• Charitable Donations & Contributions Deductions
• Medical and Healthcare Expense Deductions
• Home Office Deduction (for eligible remote workers and self-employed individuals)

3. Self-Employed & Gig Workers Tax Services

• Schedule C preparation for small business owners and independent contractors.
• Reporting 1099-NEC, 1099-K, and 1099-MISC income accurately.
• Quarterly estimated tax payments for freelancers and gig workers.
• Business expense deductions, including:
  • Home office expenses
  • Mileage and vehicle deductions
  • Equipment and supplies
  • Advertising and marketing costs

4. Investment and Rental Property Income

• Reporting stock market, cryptocurrency, and real estate investments.
• Schedule D for capital gains and losses.
• Rental income (Schedule E) and depreciation deductions.
• Tax implications of buying and selling property.

5. Retirement Income & Social Security Taxation

• Helping retirees and seniors manage taxes on:
  • 401(k), IRA, and pension withdrawals.
  • Social Security benefits (determining taxable portions).
  • Required Minimum Distributions (RMDs) tax planning.

6. IRS Audit Assistance and Tax Resolution

• Audit support for individuals facing IRS inquiries.
• Assisting with IRS notices, payment plans, and penalty reductions.
• Offer in Compromise (OIC) and Innocent Spouse Relief applications.

7. ITIN Application & Renewal

• Assisting non-residents and dependents in applying for or renewing Individual Taxpayer Identification Numbers (ITINs).

8. Fast & Secure Electronic Filing (E-File)

• Electronic tax filing (E-File) to ensure fast processing and quick refunds.
• Direct deposit options for receiving tax refunds efficiently.

9. Amended Tax Returns & Prior Year Filings

• Filing amendments for errors or missed deductions in past tax returns.
• Preparing unfiled taxes for previous years.

Why Choose Omar Financial?

✅ Experienced Tax Professionals – Our team has years of experience handling tax situations for individuals and families.
✅ Maximized Refunds & Tax Savings – We ensure you claim every deduction and credit available.
✅ Personalized Support – We tailor our services to meet your specific tax situation.
✅ Fast & Secure Filing – We use IRS-approved e-filing for speed and accuracy.
✅ Year-Round Support – Unlike seasonal tax preparers, we’re available year-round for tax planning and support.
✅ Affordable Pricing – Transparent pricing with no hidden fees.