Tara is a principal in the FSO in New York. Tara advises multinational financial institutions on FATCA implementation, QI compliance, and §871(m) implementation. Tara is also an advisor to the Securities Industry and Financial Markets Association (SIFMA) on information reporting issues and represented SIFMA to IRS and Treasury on matters involving the FATCA regulations, QI Agreement, QDD aspects of the QI Agreement, and the coordinating regulations under chapter 3 and 61.
Tara joined EY from the IRS where she served as Senior Counsel with the Office of Associate Chief Counsel (International). In this position, Tara worked on matters relating to FATCA, nonresident alien withholding and reporting, and international aspects of domestic information reporting. Tara is a principal draftsperson of the QI Agreement (including the compliance requirements and requirements for QDDs under §871(m)), and WP/WT Agreement. Tara is a principal draftsperson of the FATCA regulations, notices, and forms, chapters 3 and 61 coordination regulations, FFI Agreement. Tara is a contributing draftsperson to the withholding aspects of the regulation under §871(m), FATCA Model 1 and Model 2 intergovernmental agreements, and competent authority arrangements She also represented IRS in the negotiation of select intergovernmental agreements.
Tara served as an Advisor on Automatic Exchange of Information at the OECD where she provided advice on creating synergies between the Common Reporting Standard (CRS) and FATCA and consulted government delegates on methodologies for ensuring financial institution compliance with CRS.
She had served as Attorney-Advisor to the Honorable David Laro of the United States Tax Court.
Education
- LL.M., Georgetown University Law Center
- J.D., Chapman University School of Law
Tax Management Portfolios™
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Section 871(m) and Gross Basis U.S. Taxation of Derivative Exposure to U.S. Equities (Portfolio 6590)
Section 871(m) and Gross Basis U.S. Taxation of Derivative Exposure to U.S. Equities addresses the circumstances under which equity-based derivative products and financial instruments are taxed under 871(m).