Michael Bailey, partner at Foley & Lardner LLP in Chicago who worked at the Internal Revenue Service in the 1990s, has been tapped to join the tax-exempt bond team of the IRS advisory committee on tax-exempt and government entities, or ACT, the agency announced yesterday.
The IRS also announced a public meeting of the committee on June 11, where the tax-exempt bond and five other project teams will present reports and recommendations to IRS commissioner Douglas Shulman and top officials of the tax-exempt and government entities branch.
Asked about the new post, Bailey said, "I am honored to be selected to serve on the ACT, and I look forward to working with the other members." He said he wants to provide the agency with several approaches to improving post-issuance compliance.
"I believe that there are many other ways for the IRS to emphasize and encourage voluntary compliance of state and local governments and exempt organizations in this area," Bailey said.
He will replace Maxwell D. Solet of Mintz Levin Cohn Ferris Glovsky & Popeo PC, who is leaving the committee. He will join returning members Joan M. DiMarco of BondResources Partners LP in Philadelphia and John G. Pasicznyk of the Dormitory Authorityof the New York State on the tax-exempt bond team.
Bailey is one of eight new committee members joining 13 returning members.
Other new ACT members relevant to the muni bond area include Karin Kunstler Goldman of the New York State Department of Law and Jack Siegel, an attorney with Charity Governance Consulting LLC in Chicago. Both of them will serve the committee as part of the exempt organizations team.
Joe Lennihan is joining the ACT as part of its Indian tribal governments team. He is an attorney with Sutin Thayer & Brown in Santa Fe.