Daniela Stoia is a partner with Davis & Harman LLP, specializing in insurance product tax matters. In particular, her practice concentrates on various life insurance and annuity contract compliance issues, including the correction of such products when they fail to comply with applicable federal income tax laws. Since 1998, Daniela has represented clients in over 90 proceedings with the IRS to obtain relief for failures to comply with Internal Revenue Code sections 101(f), 7702, and 7702A as well as reporting failures. Drawing on this experience, Daniela and others in the firm submitted comments in response to Notice 2007-15 recommending that changes be made to the correction procedures for “failed life insurance contracts” and “inadvertent MECs” in order to address the insurance industry’s concerns about the toll charges due under such procedures and the administrative burdens such procedures placed on taxpayers. In addition, since the release of the new correction procedures in 2008, Daniela has spoken before numerous groups about these procedures and has represented clients seeking relief under these procedures.
What I find most rewarding about my practice is not only helping clients stay on the “right side” of the federal income tax law as it applies to insurance products, but also helping clients find their way back when they inadvertently stray.
Professional Memberships
- American Bar Association, Tax Section
Bar and Court Admissions
- District of Columbia
- Maryland
The Willard 1455 Pennsylvania Avenue, NW
, Suite 1200
Washington, DC 20004 Tel 202-347-2230
Fax 202-393-3310