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Lillian Mills

Lillian Mills
CBA 3.222 (512-471-4607)
Additional Titles:
Beverly H. and William P. O'Hara Chair in Business




Lillian F. Mills is the Beverly H. and William P. O’Hara Endowed Chair in Business. She joined University of Texas at Austin in 2006 and served as Graduate Advisor for the accounting doctoral program during 2009-2010 and as Department Chair from 2010-2015. Her research interests in tax compliance, accounting for income taxes and effective tax rates, and international taxation arose through her professional experience, where she was a senior manager in taxation for Price Waterhouse. She earned her B.S. and M.S. at the University of Florida and Ph.D. at the University of Michigan and worked at the University of Arizona from 1997-2005. She received the 2000 Arizona CPA Foundation Excellence in Teaching Award and the 2004 Eller College Dean’s Award for Excellence in Teaching. In 2005 she and co-author George Plesko were awarded the American Accounting Association Deloitte Wildman Medal for “Bridging the reporting gap: a proposal for more informative reconciling of book and tax income,” National Tax Journal, December 2003. The Wildman Medal is awarded to the published paper that has made or is likely to make the most significant contribution to the advancement of the practice of accounting. Her paper, “Last chance earnings management: Using tax expense to achieve analysts’ forecasts,” co-authored with Dan Dhaliwal and Cristi Gleason, won the American Taxation Association 2007 Manuscript Award. Her paper, "The effect of mandatory financial statement disclosures on tax reporting and collections: the case of FIN 48 and multistate tax avoidance," co-authored with Sanjay Gupta and Erin Towery, won the JATA 2015 Outstanding Paper Award. Professor Mills was a consultant to the IRS Large Business and International division for about 20 years. In 2003 and 2004 she served on an IRS/Treasury workgroup developing Form 1120 Schedule M-3. In 2005 and 2006 she was a Stanley Surrey Senior Research Fellow at the Office of Tax Analysis for the U.S. Department of Treasury. In 2007 she was appointed to the IRS’ Information Reporting Program Advisory Committee as a member of the Tax Gap Measurement subcommittee. She served as the 2016 chair of the AAA/J. Michael Cook/Deloitte Doctoral Consortium, and the 2009-2010 president of the American Taxation Association. She has served on numerous other American Accounting Association, American Taxation Association, and National Tax Association committees, including the AAA Doctoral Consortium Committee, the AAA New Faculty Consortium Committee, and the selection committees for the AAA Notable Contribution Award and the Deloitte Wildman Award. She chaired the inaugural 2005 KPMG/ATA Tax Doctoral Consortium. Dr. Mills will be an Editor for The Accounting Review from 2017-2020 and previously served as an Editor for Contemporary Accounting Research from 2010-2013. She serves or has served on the editorial boards of The Accounting Review, Contemporary Accounting Research, National Tax Journal and Accounting Horizons and The Journal of the American Taxation Association. In 2014 she received the American Accounting Association EY/Ray Sommerfeld Outstanding Tax Educator Award, largely for her national leadership in tax doctoral education. Lillian and her husband Jim Mills enjoy walking with with dog Reacher, golfing, and especially visiting their grown children and grandchildren in AZ, MI, NJ and WI. Lillian plays the piano at St. Michael’s Episcopal Church and enjoys swing dancing.


C. Gleason, Lillian F Mills, and M. Nessa. Did SOX and FIN 48 Eliminate the Knowledge Spillover Benefits of Auditor-Provided Tax Services? Contemporary Accounting Research, forthcoming.
Brian Bratten, Cristi A. Gleason, Stephannie A. Laroque, and Lillian F Mills. 2017. Forecasting Taxes: New Evidence from Analysts. The Accounting Review 92(3), 1-29.
Thomas R. Kubick, G. Brandon Lockhart, Lillian F Mills, and John R. Robinson. 2017. IRS and Corporate Taxpayer Effects of Geographic Proximity. Journal of Accounting and Economics 63(2/3), 428-453.
Kelvin Law and Lillian F Mills. 2017. Military Experience and Corporate Tax Avoidance. Review of Accounting Studies 22(1), 141-184.
Kevin K. F. Law and Lillian F Mills. 2015. Taxes and Financial Constraints: Evidence from Linguistic Cues. Journal of Accounting Research 53(4), 777-819.
Kenny Z. Lin, Lillian F Mills, and Fang Zhang. 2014. Public versus Private Firm Responses to the Tax Rate Reduction in China. Journal of the American Taxation Association 36(1), 137-163.
Sanjay Gupta, Lillian F Mills, and Erin M. Towery. 2014. The Effect of Mandatory Financial Statement Disclosures on Tax Reporting and Collections: The Case of FIN 48 and Multistate Tax Avoidance. Journal of the American Taxation Association 36(2), 203-229.
Jonathan Cohn, Lillian F Mills, and Erin M. Towery. 2014. The Evolution of Capital Structure and Operating Performance After Leveraged Buyouts: Evidence from U.S. Corporate Tax Returns. Journal of Financial Economics 111(2), 469-494.
Lillian F Mills, Sarah E. Nutter, and Casey M. Schwab. 2013. The Effect of Political Sensitivity and Bargaining Power on Taxes: Evidence from Federal Contractors. The Accounting Review 88(3), 977-1005.
M. Hanlon, G. Krishnan, and Lillian F Mills. 2012. Audit Fees and Book-Tax Differences. Journal of the American Taxation Association 34(1), 55-86.
J. Comprix, Lillian F Mills, and A. Schmidt. 2012. Bias in Quarterly Estimates of Annual Effective Tax Rates and Earnings Management. Journal of the American Taxation Association 34(1), 31-53.
Cristi Gleason and Lillian F Mills. 2011. Do Auditor-Provided Tax Services Improve the Accuracy of Tax Expense? Contemporary Accounting Research 28(5), 1484-1509.
Lillian F Mills, Susan Albring, and Kaye Newberry. 2011. Do Debt Constraints Influence U.S. Multinationals' Repatriations? Journal of the American Taxation Association 33(2), 1-27.
Lillian F Mills and Lisa N Stripling. 2010. Book Review of Developing a World Tax Organization: The Way Forward. Journal of the American Taxation Association 32(1), 84-86.
Lillian F Mills, Leslie Robinson, and Richard Sansing. 2010. FIN 48 and Tax Compliance. The Accounting Review 86(5), 1721-1742.
Jennifer Blouin, Cristi Gleason, Lillian F Mills, and Stephanie Sikes. 2010. Pre-Empting Disclosure? Firms' Decisions Prior to FIN No. 48. The Accounting Review 85(3), 791-815.
Gleason, Cristi and Lillian F Mills. 2008. Evidence of Differing Market Responses to Beating Analysts' Targets through Tax Expense Decreases. Review of Accounting Studies 13, 295-318.
Graham, John R. and Lillian F Mills. 2008. Using Tax Return Data to Simulate Corporate Marginal Tax Rates. Journal of Accounting and Economics 46, 366-388.
Hanlon, M., Lillian F Mills, and J. Slemrod. 2007. An Empirical Examination of Big Business Tax Noncompliance, in Taxing Corporate Income in the 21st Century, A. Auerbach, J.R. Hines, Jr. and J. Slemrod, eds. Cambridge: Cambridge University Press, 171-210.
McClelland, J. and Lillian F Mills. 2007. Weighing the Benefits and Risks of Taxing Book Income. Tax Notes (Feb. 19), 779-787.
Blouin, J., C. Gleason, Lillian F Mills, and S. Sikes. 2007. What Can We Learn About Uncertain Tax Benefits from FIN48? National Tax Journal 60, 521-35.
Lillian F Mills. 2006. Five Things Economists and Lawyers Can Learn from Accountants: An Illustration Using the Domestic Production Activities Deduction. National Tax Journal 59, 585-597.
Lillian F Mills. 2005. Discussion of “Taxpayers' Prepayment Positions and Tax Return Preparation Fees”. Contemporary Accounting Research 22, 449-452.
Lillian F Mills and Newberry, Kaye J. 2005. Firms' Off-Balance Sheet and Hybrid Debt Financing: Evidence from Their Book-Tax Reporting Differences. Journal of Accounting Research 43, 251-282.
Albring, S., A. Dzuranin, and Lillian F Mills. 2005. Tax Savings on Repatriation of Foreign Earnings under the American Jobs Creation Act of 2004. Tax Notes (Aug. 8).
Omer, Thomas C, Porter, Susan L, Yetman, Robert J, Magro, Anne M, Lillian F Mills, Sansing, Richard C, and Ayers, Benjamin C. 2004. A Discussion with Reviewers: Insights from the Midyear ATA Meetings. Journal of the American Taxation Association 26, 135-141.
Boynton, C., P. DeFillipes, P. Lisowsky, and Lillian F Mills. 2004. Consolidation Anomalies in Form 1120 Corporate Tax Return Data. Tax Notes 104, 405-417.
Lillian F Mills and Newberry, Kaye J. 2004. Do Foreign Multinationals' Tax Incentives Influence Their U.S. Income Reporting and Debt Policy? National Tax Journal 57, 89-107.
Dhaliwal, Dan S., Gleason, Cristi A, and Lillian F Mills. 2004. Last-Chance Earnings Management: Using the Tax Expense to Achieve Analysts' Forecasts. (Winner of the American Taxation Assoc. 2007 Manuscript Award). Contemporary Accounting Research 21(2), 431-459.
Lillian F Mills. 2004. Tax versus Book Accounting, in Encyclopedia of Taxation and Tax Policy, Jane Gravelle, ed. Urban Institute.
Boynton, C. and Lillian F Mills. 2004. The Evolving Schedule M-3: A New Era of Corporate Show and Tell? National Tax Journal 57, 757-772.
Lillian F Mills and Plesko, George E. 2003. Bridging the Reporting Gap: A Proposal for More Informative Reconciling of Book and Tax Income. (Winner of the 2005 American Accounting Assoc. Deloitte Wildman Medal). National Tax Journal 56, 865-893.
Gupta, Sanjay and Lillian F Mills. 2003. Does Disconformity in State Corporate Income Tax Systems Affect Compliance Cost Burdens? National Tax Journal 56, 355-371.
Cloyd, C. Bryan and Lillian F Mills. 2003. Firm Valuation Effects of the Expatriation of U.S. Corporations to Tax-Haven Countries. Journal of the American Taxation Association, (Supplement) 25, 87-109.
Lillian F Mills, Newberry, Kaye J, and Novack, Garth F. 2003. How Well Do Compustat NOL Data Identify Firms with U.S. Tax Return Loss Carryovers? Journal of the American Taxation Association 25, 1-17, 55-56.
Cloyd, B., Lillian F Mills, and C. Weaver. 2003. Market Nonreaction to Inversions. Tax Notes 98, 259-262.
Berliant, Marcus, Rothstein, Paul, Yitzhaki, Shlomo, Kitchen, John, Lillian F Mills, and Serra, Pablo. 2003. Summaries of Papers in this Issue. National Tax Journal 56, 297-301.
Gupta, Sanjay and Lillian F Mills. 2002. Corporate Multistate Tax Planning: Benefits of Multiple Jurisdictions. Journal of Accounting and Economics 33, 117-139.
Gleason, Cristi A and Lillian F Mills. 2002. Materiality and Contingent Tax Liability Reporting. The Accounting Review 77, 317-342.
Lillian F Mills, K. Newberry, and W. Trautman. 2002. Trends in Book-Tax Income and Balance Sheet Differences. Tax Notes 96, 1109-1124.
Lillian F Mills. 2001. Discussion of Do Firms Use the Deferred Tax Asset Valuation Allowance to Manage Earnings? Journal of the American Taxation Association 23, 49-51.
Lillian F Mills and Newberry, Kaye J. 2001. The Influence of Tax and Nontax Costs on Book-Tax Reporting Differences: Public and Private Firms. Journal of the American Taxation Association 23, 1-19.
Albring, S., Lillian F Mills, and M. Plumlee. 2000. Beanie Baby Billions?: Uncollected Income Tax on Internet Auctions of Collectibles. Tax Notes (May 22), 1153-1160.
Lillian F Mills and K. Newberry. 2000. Hide and Seek: The Search for Transfer-Pricing Evidence Using Public and Private Data, in Proceedings of the Ninety-Second Annual Conference on Taxation, 1999, Washington, DC: National Tax Association, 166-70.
Lillian F Mills and Sansing, Richard C. 2000. Strategic Tax and Financial Reporting Decisions: Theory and Evidence. Contemporary Accounting Research 17, 85-106.
Lillian F Mills. 1999. Discussion of Demand for Services: Determinants of Tax Preparation Fees. Journal of the American Taxation Association 21, 24-28.
Lillian F Mills. 1998. Book-Tax Differences and Internal Revenue Service Adjustments. Journal of Accounting Research 36, 343-356.
Lillian F Mills, E. Maydew, and M. Erickson. 1998. Investments in Tax Planning. Journal of the American Taxation Association 20, 1-20.
Lillian F Mills. 1996. Corporate Tax Compliance and Financial Reporting. National Tax Journal 49, 421-435.

Professional Awards

American Taxation Association Manuscript Award2007
Deloitte Wildman Medal2005

Teaching Awards

American Taxation Association's EY Ray Sommerfeld Outstanding Tax Educator Award2014
McCombs Faculty Honor Roll2007
Eller College Dean’s Award for Excellence in Teaching2004
Arizona CPA Foundation Excellence in Teaching Award2000