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Steven R. Schneider

Partner
Baker & McKenzie LLP

Biography

Steven R. Schneider is a partner in Baker McKenzie's Washington, DC office, and leads the Firm's passthroughs tax group. He started his career as a lawyer in the IRS' national office and has had many years of national-level law firm and Big-4 accounting firm experience. Mr. Schneider also previously chaired the ABA Partnership Tax Committee. He has been teaching an advanced tax course on drafting partnership and LLC agreements at Georgetown University Law Center since 2005, is a regular speaker at national tax venues, and has published numerous articles on tax for Taxes: The Tax Magazine, Tax Notes, Bloomberg BNA and Journal of Taxation, among many others.

Practice Focus

Mr. Schneider is a nationally recognized tax lawyer who focuses his practice on transactional, controversy and tax policy matters. He has significant tax experience in mergers & acquisitions, private equity and real estate funds, qualified opportunity zone funds, bioscience, cross-border tax, partnerships, real estate, REITs, international investors (including sovereigns), and S corporations.

Representative Legal Matters

  • Advised One Equity Partners (OEP), a middle market private equity firm, on the tax considerations involved in its acquisition of ORS MEDCO, a wholesaler of products used in maintenance, repair and operations for industrial and automotive end-users via a multi-jurisdictional carve-out from Essendant, Inc.

  • Advised Tiger Infrastructure Partners and its portfolio company, Granite Comfort, on the tax considerations involved in its acquisition of Signature HVACR, a residential HVAC company that serves the Philadelphia metropolitan area.

  • Advised CRIF S.p.A., a global company specialized in credit bureau, business information, credit and open banking solutions, on the tax considerations involved in its acquisition of Strands, Inc., a FinTech company specialized in advanced digital banking solutions.

  • Advised Kantar, a data, insights and consulting company and portfolio company of Bain Capital, on the tax considerations in its divestment of its SRDS platform to the Adwanted Group.

  • Advised Enad Global 7 on the tax considerations involved in the acquisition of Daybreak Game Company. EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market.

  • Represented a Fortune 500 not-for-profit financial services organization in its USD 40 million investment in a private equity real estate fund.
  • Represented a real estate investment firm in a USD 200 million investment in a portfolio of cold storage facilities.

  • Represents large global real estate funds, developers and institutional investors in federal income tax matters relating to international and domestic real estate acquisitions, dispositions and restructurings.

  • Frequent representation of sovereigns and other tax-sensitive investors in real estate and fund investments.

  • Regularly represents private equity funds in tax structuring, diligence and documentation.

  • Significant representations of multi-national corporations in strategic acquisitions, dispositions, and joint ventures.

  • Successful representation of clients in significant federal tax controversy matters, including IRS audits and appeals.

  • Represents clients and trade associations in tax legislative matters, primarily relating to real estate and pass-through entity taxation.

Professional Honors

  • Best Lawyers in America, 2013-2021
  • Legal 500, Real Estate Investment Trusts (REITs), 2020

Professional Associations and Memberships

  • American Bar Association - Tax Section, Past Chair, Parnerships and LLCs

Admissions

  • U.S. Tax Court~United States (2011)
  • District of Columbia~United States (2005)
  • Missouri~United States (1994)

Education

  • Georgetown University Law Center (LL.M., with Distinction) (1998)
  • Washington University School of Law (J.D., Order of the Coif) (1994)
  • University of Missouri at Columbia (B.S., summa cum laude) (1991)
  • Co-author (with Richard Lipton), Replacing Certainty with Uncertainty—IRS Fumbles with the Final Regulations on Partnership Debt Guarantees, Journal of Real Estate Taxation, Second Quarter 2020

  • Co-author, "Excuse, Excuses, Excuses: Missed REIT-Related Elections and Popular Taxpayer Excuses," September 2018

  • Co-author, "A Grecian Tragedy for the IRS: Tax Court Rejects Rev. Rul. 91-32, Journal of Taxation, November 2017

  • Co-author (with Richard Lipton and David Gong) "Quasi Is Not Real: Tax Court Holds That Code Sec. 1234A Only Applies to 'Capital Assets'," Journal of Passthrough Entities, March–April 2017

  • Co-author (with Richard Lipton, Patricia McDonald, Leah Gruen, Samuel P. Grilli and Diana Myers), "PATH Act Improves Rules for Foreign Investment in U.S. Real Estate," Journal of Taxation, June 2016

  • Co-author, "Accessing International Equity: A Primer on Private REITs in the Hotel Industry," November 2015