Carla Young

Background

About Carla Young

I am a partner in the Public Finance and Tax Groups at Nixon Peabody LLP. My practice focuses on the federal tax issues relating to the issuance of tax-exempt, taxable and tax-advantaged debt obligations issued by or on behalf of state and local governments. I represent issuers, borrowers, underwriters and lenders in a wide variety of transactions, including financings for transportation and infrastructure projects, water and sewer systems, nonprofit facilities, K-12 and higher education facilities and charter schools, among others. I also represent issuers with the tax issues relating to restructurings of defaulted bond issues, including restructurings connected with bankruptcy proceedings. I assist issuers with post-issuance compliance responsibilities and the impact of changes in the use of bond-financed facilities on outstanding bond issues. In addition, I represent issuers and conduit borrowers before the IRS in connection with private letter rulings, bond examinations and voluntary closing agreements. I was previously an attorney and assistant branch chief in the Tax-Exempt Bond Branch of the Office of Chief Counsel (Financial Institutions and Products) at the IRS, where I was responsible for drafting published guidance, private letter rulings and technical advice memoranda, including guidance relating to Build America Bonds and other direct-pay obligations, as well as disaster area bonds. I conducted training sessions for IRS agents and served as the Chief Counsel representative to the tax-exempt bond Focus Group, which provides assistance to IRS agents in connection with bond examinations. While with the IRS, I received a U.S. Treasury performance award for legal work connected with the financial turmoil of 2008. I also received IRS Chief Counsel performance awards each year from 2006 to 2009.