We propose to measure tagged deep inelastic scattering from light nuclei (deuterium and $^4$He) by detecting the low energy nuclear spectator recoil (p, $^3$H and $^3$He) in addition to the scattered electron. The proposed experiment will provide stringent tests leading to clear differentiation between the many models describing the EMC effect, by accessing the bound nucleon virtuality through its initial momentum at the point of interaction. Indeed, conventional nuclear physics explanations of the EMC effect mainly based on Fermi motion and binding effects yield very different predictions than more exotic scenarios, where bound nucleons basically loose their identity when embedded in the nuclear medium. By distinguishing events where the interacting nucleon was slow, as described by a mean field scenario, or fast, very likely belonging to a correlated pair, will clearly indicate which phenomenon is relevant to explain the EMC effect. An important challenge for such measurements using nuclear spectators is the control of the theoretical framework and, in particular, final state interactions. This experiment will directly provide the necessary data needed to test our understanding of spectator tagging and final state interactions in $^2$H and $^4$He and their impact on the semi-inclusive measurements of the EMC effect described above.