Practice Areas

Domestic Tax Services

For clients with tax obligations within the United States, our team provides comprehensive domestic tax services tailored to their unique needs. Our services include:

❖ Tax Advisory Services: Offering proactive tax advice and guidance on a wide range of issues, including entity structuring, mergers and acquisitions, and tax implications of business decisions.

❖ Individual and Business Tax Guidance and Planning: Developing personalized tax strategies to minimize liabilities and maximize deductions for individuals and businesses across various industries.

❖ Tax Compliance and Preparation: Ensuring accurate, timely preparation and filing of tax returns for individuals, corporations, partnerships, and other entities, while staying abreast of ever-changing tax laws and regulations.

❖ Tax Credits and Incentives: Identifying and maximizing available tax credits, incentives, and deductions to optimize tax savings for our clients.

❖ Streamlined Filings: Guidance and assistance with streamlined filing procedures for taxpayers who are eligible for the Streamlined Foreign Offshore Procedures or Streamlined Domestic Offshore Procedures, helping them come into compliance with IRS reporting requirements efficiently and effectively.

❖ Tax Audit Representation: Coordinating skilled representation and support during IRS audits, helping clients navigate the audit process and achieve favorable outcomes.

Whether you need to take proactive actions to accurately meet your tax obligation(s) or you are facing tax challenges at home, Escobar Legal P.A. is dedicated to providing exceptional service and personalized solutions to help you achieve your tax objectives with confidence.

Estate Planning

To avoid probate complications for your loved ones in the future, our attorneys can help you create a strategic estate plan, our services include:

❖ Trusts: Drafting and preparation of trust agreements for domestic and international clients, including: revocable living trusts, irrevocable trusts, intentionally defective grantor trusts, life insurance trusts, gun trusts and pet trusts, as well as certifications of existing trusts.

❖ Asset Protection Structures: We assist clients in developing asset protection strategies in order to safeguard their assets and minimize tax liabilities through various estate planning trusts and techniques.

❖ Advanced Directives: Preparation of ancillary estate planning documentation such as last will and testament, durable power of attorney, living wills, pour over will, designation of healthcare surrogate, declaration of preneed guardian, nomination of guardian for minor children, power of attorney for the care of minor children, and designation of health care surrogate for minor children.

❖ Funding Trusts: Assistance in the funding and transfer of assets to existing trusts and in reorganizations of asset ownership structures for estate planning purposes.

❖ Beneficiary Advice: We provide guidance to the respective beneficiaries after the client passes away, including:

• • (i) Notifications: We provide guidance on the immediate steps to take after the death of a loved one, notifying relevant parties such as financial institutions, government agencies, and beneficiaries.
  • (ii) Asset Inventory: We assist in compiling an inventory of the decedent’s assets and liabilities, ensuring a comprehensive understanding of the estate’s value.
  • (iii) Probate Initiation: Our team helps initiate the probate process by filing necessary documents with the court and obtaining letters of administration.

The goal of Escobar Legal P.A. is to help you develop a strategy that will allow you to avoid the troublesome complications that may be caused to the family of the decent if it does not have adequate planning of the estate.

International Taxation

In today’s global economy, navigating the complexities of international tax laws is essential for individuals and businesses alike. At Escobar Legal P.A., our team of international tax experts is committed to helping clients effectively manage their cross-border tax obligations and maximize opportunities for tax optimization. Our comprehensive range of international tax services includes:

❖ Cross-Border Tax Planning: Providing strategic tax planning services to individuals and businesses with international interests, helping them minimize tax liabilities while ensuring compliance with relevant tax laws and regulations.

❖ Incorporations: Assistance in the selection and establishment of legal/tax entities and business operations in all relevant jurisdictions to a transaction, whether for planning or operational reasons.

❖ Pre-Immigration Planning: Developing tax efficient planning structures for immigration to the United States from all foreign jurisdictions.

❖ Foreign Investment Structuring: Our experienced attorneys assist clients in structuring their foreign investments in a tax-efficient manner, considering factors such as foreign tax credits, transfer pricing, and treaty benefits.

❖ Tax Treaty Analysis: We offer in-depth analysis and interpretation of tax treaties to help clients take advantage of favorable tax treatments and avoid double taxation on income earned in multiple jurisdictions.

❖ Transfer Pricing Compliance: Our team helps multinational corporations navigate through transfer pricing regulations and compliance requirements, ensuring transactions between related entities are conducted at arm’s length to minimize tax risks.

❖ Expatriate Tax Services: For individuals living and working abroad, we provide personalized expatriate tax planning and compliance services, including assistance with foreign tax credits, tax equalization, and expatriation planning.

❖ Foreign Account Reporting: We assist clients in fulfilling their reporting obligations for foreign financial accounts, including FBAR (Report of Foreign Bank and Financial Accounts) filing requirements and FATCA (Foreign Account Tax Compliance Act) compliance.

❖ Tax Dispute Resolution: In the event of international tax disputes or controversies, our attorneys offer skilled representation before tax authorities and assist clients in resolving issues through negotiation, mediation, or litigation.

At Escobar Legal P.A., we understand the importance of staying ahead of evolving international tax laws and regulations. With our deep expertise and commitment to excellence, we help clients navigate the complexities of international taxation with confidence and peace of mind.

Probate Matters

Navigating probate matters can be complex and emotionally challenging. Our experienced team at Escobar Legal P.A. is able to provide compassionate and comprehensive assistance during this difficult time. We offer a range of probate services tailored to meet your specific needs, including:

❖ Estate Administration: We guide executors and representatives through the entire probate process, ensuring all legal requirements are met and assets are distributed according to the deceased’s wishes or applicable legal statutes.

❖ Probate Mediation: When conflicts arise among beneficiaries or heirs, we offer mediation services to facilitate amicable resolutions outside of court, preserving relationships and minimizing costs.

❖ Coordination of tax filings: We liaise with CPAs in order to coordinate the filings and payment(s) of applicable taxes in connection with the estate.

❖ Creditor Claims: We advise on managing creditor claims against the estate and ensuring debts are properly addressed during probate proceedings.

❖ Probate Litigation: In cases where disputes arise over wills, trusts, or estate administration, we coordinate a team of skilled litigators to advocate for our clients’ interests until reaching a favorable settlement or termination of the dispute.

At Escobar Legal P.A., we understand the importance of personalized attention and clear communication during the entire probate process. With our knowledge and dedication, we strive to alleviate your burdens and provide peace of mind during this challenging time.