What Changes Are in Store and How Will They Affect OZ Investments?
Mary Burke Baker is a tax professional. She is currently a government affairs counselor with K&L Gates, based in Washington, D.C.
At K&L, Baker leads the tax policy practice and co-leads the Opportunity Zone practice. Baker's practice works in federal tax matters that affect domestic and multinational corporations, as well as pass-through entities and individuals. She also focuses on technical tax issues, such as information reporting and taxation of the digital economy.
Since the passing of the Tax Cuts and Jobs Act if 2017, Baker has had a particular focus on Opportunity Zones and remains active as a frequent speaker on the subject throughout the U.S.
Prior to her position at K&L Gates, Baker worked for the U.S. Senate Committee on Finance. She was a manager on several major tax bills, including FATCA. She also worked closely on the Affordable Care Act, economic stimulus provisions and maintained the revenue offset list.
For more than 25 years, Baker was an employee of the Internal Revenue Service. Her roles included a variety of positions, such as large-case team coordinator and manager of the office of tax shelter analysis. Baker was a contributor to IRS documents, such as coordinated issue papers.
Baker is a frequent contributor to publications focusing on taxation. She is a speaker on a variety of tax issues before business and tax groups. Baker has a bachelor's degree from Central Michigan University.
What Changes Are in Store and How Will They Affect OZ Investments?
Legislative proposals range from information reporting to full repeal.
Despite an updated set of OZ regulations, some misinterpreted information is still circulating among investors, developers and fund managers. Learn what the facts are about land-banking, the self-certifying process, leased property, sin businesses and “the original use” requirement.