Biography
Tara A. Potts concentrates her practice in the area of tax-exempt organizations and charitable planning. Whether an organization, individual, or family is navigating federal tax laws or Texas nonprofit or state tax laws, Tara offers an experienced hand to help guide clients through any issues that may arise.
Her practice includes representation of:
- tax-exempt organizations on nonprofit corporate and tax-related issues under Section 501(c) of the Internal Revenue Code, including: organization, qualification, combination, merger, conversion, asset conveyance, lobbying, political campaign activity, private inurement, excess benefit, and unrelated business income.
- private foundations on issues related to self-dealing, minimum distribution requirements, excess business holdings, jeopardizing investments, taxable expenditures, and foreign activities.
- supporting organizations, higher education institutions, religious organizations, governmental entities, social welfare organizations, trade associations, business leagues, title-holding companies, and social clubs on related issues.
- tax-exempt organizations in connection with IRS audits and appeals.
- nonprofit organizations regarding Texas nonprofit and state tax matters including, but not limited to, sales and property tax and corporate governance.
Tara frequently speaks on tax-exempt organization matters, including Form 990, the commerciality doctrine, and nonprofit governance. She is a Certified Public Accountant.
Education
B.S., Miami University
J.D., Washington University School of Law
- Journal of Urban and Contemporary Law, Associate Editor
LL.M., New York University School of Law
Bar Admissions
Texas
Illinois
