Media Mentions
2008
Ralph DeJong and Elizabeth Mills were quoted in the April 14 issue of Modern Healthcare Online in an article regarding instructions for not-for-profit hospitals and health systems using the new Form 990. "Draft instructions released last week could significantly expand the number of key hospital and health system employees whose pay, bonuses and benefits must be reported," Mr. DeJong said. "It's very specific. They're really trying to get information that can be compared, and is apples to apples across organizations, and enhance transparency," Ms. Mills said.
Ralph E. DeJong, Elizabeth M. Mills PC, Health, Tax Exemption
Ralph E. DeJong and Elizabeth M. Mills were quoted in the April 14 issue of Modern Healthcare regarding the new IRS Form 990. "Draft instructions released last week could significantly expand the number of key hospital and health system employees whose pay, bonuses and benefits must be reported," said Mr. DeJong. "It's very specific. They're really trying to get information that can be compared, and is apples to apples across organizations, and enhance transparency,'' Ms. Mills said.
Ralph E. DeJong, Elizabeth M. Mills PC, Health, Tax Exemption
2007
Elizabeth Mills was quoted in an August 24 article published by BNA’s Health Care Daily regarding the Internal Revenue Service making a compliance check questionnaire available on their website. They will use it to check whether tax-exempt charities that finance capital expenditures through exempt bonds are in compliance with the bond rules. "I don't think the questions are any surprise. It certainly serves as a good guide for what the IRS hopes you will have in place,” Ms. Mills said.
Elizabeth M. Mills PC, Health, Tax Exemption
Elizabeth Mills was quoted in an August 23 article published by Tax Notes Today regarding two IRS divisions announcing their plan to send compliance check questionnaires to exempt organizations with outstanding tax-exempt bonds. "The questionnaire is important to organizations that don’t receive it, as well as those that do. It provides the road map for what the IRS would like to see all organizations with bonds maintain," Ms. Mills said.
Elizabeth M. Mills PC, Health, Tax Exemption
2006
Elizabeth Mills was mentioned in the June 1 issue of BNA's Health Care Daily in an article titled, "IRS Will Begin Hospital Audits in August; Bond Issuers to Have More Time to Settle." Ms. Mills was quoted saying, "Hospitals should look at whether they can trace the bond proceeds from when they were borrowed to what they were expended on, and what has happened to what they were expended on." The article states that beginning this August, the IRS will notify the issuers of about two dozen qualified Section 501 (c) (3) bonds that their bond issues are under audit.
2004
Elizabeth Mills was quoted in the May 10 issue of The Bond Buyer in an article about the new IRS Revenue ruling 2004-51. She clarified "that exempt organizations can participate in joint ventures such as partnerships or limited liability companies with for-profit partners as long as they are an insubstantial part of their activities."
Elizabeth M. Mills PC, Tax, Tax Exemption
Elizabeth Mills commented on the IRS ruling regarding how hospital-physician joint ventures are illustrating how not-for-profit hospitals can protect their tax-exempt status in the May 7 issue of Modern Healthcare. Ms. Mills stated that the ruling "clarifies what has been a difficult area for all of us to work within."
Elizabeth M. Mills PC, Health, Tax, Tax Exemption
2002
Elizabeth Mills was quoted in the December 9 issue of Modern Healthcare in regard to the role of CEO's in non-profit organizations. "A not-for-profit might offer key executives the right, at some future date, to pay $25,000 for mutual funds worth $100,000 on the date the option is gained," commented Ms. Mills. "Granting such discounted options has become ubiquitous among not-for-profits," she continued.
Elizabeth M. Mills PC, Tax Exemption
Elizabeth Mills was quoted in the July 8 issue of Modern Health Care in regard to a recent U.S. Tax Court decision on the IRS's "intermediate sanctions." Ms. Mills commented that the decision, "…shows the that the tax court will be tough, but fair, on intermediate sanctions cases."
