
Michael G. Bailey is a partner and business lawyer with Foley & Lardner LLP. Mr. Bailey’s practice focuses on tax-advantaged finance. He also focuses on exempt organization tax issues and other federal and state income tax matters.
His tax compliance and controversy practice focuses on tax-advantaged financing transactions and exempt organization matters. Mr. Bailey is chair of the firm’s Health Care Finance Practice and a member of the firm’s Taxation, Finance & Financial Institutions, and Public Finance Practices. He is also a member of the firm’s Health Care Industry Team.
Mr. Bailey has more than 30 years’ experience as a tax and transactional public finance attorney, both in the private sector and the IRS.
Mr. Bailey joined the firm from the Internal Revenue Service, where he served as Counsel to the Assistant Chief Counsel for Financial Institutions and Products. At the IRS he played a key role in numerous projects involving taxation of financial products.
He was one of the principal authors of the major federal income tax regulations concerning tax-exempt bonds, including the arbitrage regulations and the private activity bond regulations, and reviewed or authored most other administrative guidance issued by the IRS on tax-exempt bonds from 1990 through 1997, including published rulings, private letter rulings, and technical advice memoranda. He also played a key role in developing the IRS compliance program for tax-exempt bonds.
Education :
Mr. Bailey earned his J.D. degree from the University of Chicago Law School in 1981, and received his bachelor’s degree, with high honors, from Stanford University in 1977.
* The Illinois Supreme Court does not recognize certifications of specialties in the practice of law and no certificate, award or recognition is a requirement to practice law in Illinois.
Affiliations :
Mr. Bailey is a member of the National Association of Bond Lawyers, the American College of Bond Counsel, and the American Bar Association.
Cost
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