Tara is a principal in EY’s FSO Tax Services practice in Hoboken where she advises global financial institutions on U.S. information reporting and withholding, including FATCA, section 871(m) and section 1446(f) as well as Qualified Intermediary (QI) compliance. Tara is also an advisor to SIFMA on information reporting issues and represented SIFMA and other stakeholders to IRS and Treasury on section 1446(f) and other matters involving the FATCA regulations, QI Agreement, QDD aspects of the QI Agreement, and the coordinating regulations under chapter 3 and 61.
Tara served as Senior Counsel with the Office of Associate Chief Counsel (International). Tara is a principal draftsperson of the FATCA regulations, notices, and forms, chapters 3 and 61 coordination regulations, FFI Agreement, QI Agreement (including the detailed requirements for QDDs under section 871(m)), and WP/WT Agreement as well as a contributing draftsperson to the withholding aspects of the regulation under section 871(m), FATCA Model 1 and Model 2 intergovernmental agreements, and competent authority arrangements. Tara also represented IRS in the negotiation of select intergovernmental agreements.
Tara also 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 counseled government delegates on methodologies for ensuring financial institution compliance with CRS. Tara is a contributing draftsperson to the CRS Implementation Handbook and FAQs.