Mr. Bailey's practice focuses on the taxation of financing transactions, with a particular emphasis on tax- advantaged financing, including tax-exempt financing and tax credit transactions. He also focuses on development of tax compliance policies and procedures, energy tax issues, exempt organization tax issues and other federal and state income tax matters. His tax controversy practice focuses on tax-advantaged financing transactions and exempt organization matters.

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. He is a frequent speaker on matters relating to taxation of financial products and transactions.

Mr. Bailey currently serves as a member of the Internal Revenue Service Advisory Committee on Tax Exempt and Government Entities. He is also immediate past chair of the Tax Exempt Financing Committee of the Section of Taxation of the American Bar Association.

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.