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Loeb & Loeb LLP

901 NEW YORK AVENUE NW, SUITE 300 EAST, WASHINGTON, DC 20001, USA
Tel:
Work +202 618 5000
Fax:
Fax +202 618 5001
Email:
Web:
www.loeb.com

Diara Holmes

Tel:
Work 202.618.5012
Email:
Loeb & Loeb LLP

Work Department

Nonprofits and Tax-Exempt Organizations

Position

Partner

Career

Diara M. Holmes serves as co-chair of the firm's Tax-Exempt Organizations Practice. She counsels tax-exempt organizations, including large public charities; colleges, universities and other higher education organizations; foreign charities and their U.S. affiliates; associations; government instrumentalities; social welfare organizations; and religious organizations on a broad range of tax compliance and governance issues.

She advises non-profit and for-profit organizations on structuring a variety of transactions—including joint ventures, corporate sponsorships, merchandising, cause-related marketing, and other revenue generating strategies. In addition, she works with high-net-worth individuals and families to establish family foundations and donor-advised funds.

Ms. Holmes has represented numerous organizations before the IRS—navigating complex audits involving an array of issues (e.g., executive compensation, unrelated business tax, and political campaign intervention); seeking private letter rulings regarding proposed transactions, requesting determination letters regarding public charity classification, applying for exempt status, and seeking reinstatement of exempt status following auto-revocation.

Ms. Holmes is a frequent speaker at national professional conferences on exempt organizations issues and she co-chairs the ABA Tax Section’s EO Subcommittee on Audits and Appeals. She also serves on the board of directors of the Washington Area Women’s Foundation.

Education

Harvard Law School, J.D., 1998, cum laude
Harvard University’s John F. Kennedy School of Government, M.P.P., 1994
University of Pennsylvania, B.A., 1992


United States: Finance

Not-for-profit (nonprofit and tax exempt organizations)

Within: Not-for-profit (nonprofit and tax exempt organizations)

Loeb & Loeb LLP has a ‘depth of experience and knowledge, which, combined with the high level of client service, makes it very competitive in this area’. Tax specialists Diara Holmes and Marcus Owens joined the firm’s Washington DC office in 2015 from Caplin & Drysdale, Chartered and are commended for their ‘responsiveness and “can-do” attitude’. The firm makes use of its trusts and estates, charitable giving and tax practices to provide a full service to its not-for-profit clients and has been assisting clients in a range of matters, from defending tax-exemption status against the Internal Revenue Service (IRS), to assisting with charitable giving, program-related investments (PRIs) and setting up for-profit subsidiaries. Recent highlights include advising Audrey Irmas on the gift and sale of a piece of art. New York-based lawyers Jason Lilien and Eliot Green are also recommended, as is Leah Bishop in Los Angeles. The firm strengthened its team via the acquisition of Preston Quesenberry to its Washington DC team as of counsel; Quesenberry brings a wealth of knowledge from his previous role as a senior attorney in the Tax Exempt and Government Entities division at the IRS Office of Chief Counsel.

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