Episode Summary:

Attorney Lance Drury discusses how the IRS uncovers income and assets when individuals owe back taxes, emphasizing the importance of full disclosure to avoid penalties and navigate tax issues successfully.

Key Timestamps:

00:00 – Welcome to Resilience and Resolve with Lance Drury. Welcome back to Resilience and Resolve…

04:02 – So what role do these documents like these W2s and these 1099s and other…

07:35 – And then I had another guy and you know, he didn't disclose all his…

11:01 – When deciding on collection actions compared to when they're evaluating those resolution options? Well,…

14:46 – If you found the days episode helpful, thank you so much and we'll see…

About the Show:

*Resilience and Resolve* is a podcast where Attorney Lance Drury provides insights and solutions for individuals and small business owners dealing with IRS tax problems, offering expert guidance on resolving tax issues effectively.

Episode Summary:

In this episode of *Resilience and Resolve* Lance Drury sheds light on the reasons behind stalled IRS cases and the events that reignite IRS activities. He discusses how delays, understaffing, and bureaucracy contribute to prolonged case resolutions, emphasizing the importance of staying compliant and proactive in dealing with IRS matters.

Key Timestamps:

00:00 – Introduction

01:30 – Reasons for IRS case stalls

05:45 – Impact of incomplete filings on case progression

09:20 – Events triggering IRS activity after silence

12:10 – Importance of compliance during stalled periods

15:45 – Common mistakes when assuming a case is over

18:30 – Proactive follow-up strategies for stalled IRS cases

21:15 – Final advice for individuals dealing with IRS challenges

About the Show:

*Resilience and Resolve* with Lance Drury provides invaluable insights into navigating IRS issues for individuals and small business owners. With over 30 years of experience, Lance Drury offers expertise in resolving complex tax problems, guiding listeners through the intricacies of IRS procedures and strategies for successful outcomes.

Episode Summary:

In this episode of *Resilience and Resolve* Lance Drury sheds light on the misconception of partial compliance with the IRS. He emphasizes the critical importance of full compliance to resolve tax issues effectively. Lance shares insights on common pitfalls faced by self-employed individuals and small business owners, offering valuable advice on navigating IRS challenges.

Key Timestamps:

00:00 – Introduction

01:30 – IRS View on Partial Compliance

03:45 – Impact of Non-Compliance on Small Business Owners

05:20 – Importance of 100% Compliance for IRS Resolution

07:15 – Consequences of Prolonged Tax Issues

09:40 – Case Study: Overcoming IRS Challenges

12:25 – Mistakes in Addressing IRS Issues Independently

14:50 – Advantages of Hiring a Tax Attorney

16:30 – Strategic Compliance for Negotiating with the IRS

About the Show:

*Resilience and Resolve* with Lance Drury is a trusted resource for individuals and small business owners facing IRS challenges. Lance's expertise spans over 30 years, offering practical solutions and guidance to regain control over tax issues. Tune in to gain valuable insights and strategies for resolving IRS problems effectively.

Episode Summary:

In this episode of *Resilience and Resolve*, Attorney Lance Drury delves into the complexities of resolving tax debt for individuals with seasonal or irregular income. Lance sheds light on how self-employed individuals can navigate IRS challenges by strategically planning their financial documentation. From understanding the impact of income fluctuations to the importance of accurate record-keeping, this episode offers valuable insights for anyone facing tax debt challenges.

Key Timestamps:

00:00 – Introduction

00:45 – Impact of seasonal income on tax debt resolution

02:15 – Planning strategies for self-employed individuals

04:30 – Setting realistic payment arrangements

06:20 – Importance of documenting income patterns

08:10 – Cash flow analysis for IRS negotiations

10:05 – Exploring alternative resolution options

12:30 – Common mistakes to avoid with irregular income

14:50 – Preparing for a tax debt resolution path

About the Show:

*Resilience and Resolve* with Lance Drury is a podcast dedicated to empowering individuals and small business owners in overcoming IRS challenges. Attorney Lance Drury brings over 30 years of experience in providing strategic solutions for tax debt issues, offering expert guidance and practical advice to navigate complex tax matters effectively.

Episode Summary:

In this episode of *Resilience and Resolve* Lance Drury sheds light on why IRS collection activities can suddenly resume after a period of silence. Lance explains the bureaucratic reasons behind this phenomenon and highlights how changes in income and compliance status can impact the situation. Ignoring IRS notices can have severe consequences, as Lance emphasizes the importance of proactive communication with the IRS to avoid levies and other serious repercussions.

Key Timestamps:

00:00 – Introduction

01:30 – Reasons for IRS collection resumptions

04:15 – Impact of changes in income and compliance status

06:45 – Consequences of ignoring IRS notices

09:20 – Preventive measures to avoid collection challenges

12:00 – Caller's responsibility in resolving IRS issues

About the Show:

*Resilience and Resolve* with Lance Drury provides expert insights on navigating IRS challenges, offering practical strategies for individuals and small business owners facing tax-related issues. The show equips listeners with valuable knowledge to handle IRS collection activities effectively and proactively.

Episode Summary:

In this episode, Lance Drury explains the implications of IRS estimates on back taxes, highlighting the importance of filing accurate returns to avoid overpayment. Discover how correcting IRS estimates can significantly reduce tax liabilities and penalties, offering actionable insight for anyone facing this challenge.

Key Timestamps:

00:00 – Introduction

02:15 – IRS's Substitute for Return (SFR) Process

04:30 – Discrepancies in IRS Estimates vs. Actual Returns

06:45 – Impact of Challenging IRS Estimates

09:10 – Lowering Penalties and Interest Through Corrected Returns

11:25 – Timing Strategies for Addressing IRS Estimates

13:40 – Simplifying the Correction Process for Taxpayers

16:05 – Steps to Take After IRS Estimates Your Taxes

18:30 – Closing Remarks and Contact Information

About the Show:

*Resilience and Resolve* with  Lance Drury provides expert guidance to individuals and small business owners facing IRS tax challenges. With over 30 years of experience, Lance helps clients navigate complex tax issues and regain financial control.

Episode Summary:

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Episode Summary:

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About the Show:

Episode Summary:

In this episode of *Resilience and Resolve*  Lance Drury sheds light on the crucial topic of filing unfiled tax returns. Lance emphasizes the IRS's requirement of filing the last six years of tax returns before considering settlement options. He warns against the risks of guessing wrong and highlights the common mistakes made by taxpayers and accountants. Understanding the implications of filing the correct number of years can make a significant difference in resolving tax issues effectively.

Key Timestamps:

00:00 – Introduction

00:45 – IRS regulation on filing tax returns

01:30 – Mistakes made by accountants in advising taxpayers

03:15 – Importance of filing the last six years only

05:10 – Consequences of filing fewer years than required

07:20 – Being compliant for negotiation with the IRS

08:45 – Ensuring 100% compliance moving forward

10:00 – Risks of assuming older years don't matter

11:30 – IRS's ability to enforce collection with unfiled returns

13:00 – Impact of income reporting on filing requirements

14:30 – Opening doors to resolution options with correct filings

16:00 – Advice for individuals unsure about filing requirements

About the Show:

*Resilience and Resolve* with Lance Drury provides essential insights and guidance for individuals and small business owners dealing with IRS tax problems. With over 30 years of experience, Lance helps clients regain control in challenging tax situations, offering actionable strategies to navigate tax-related issues effectively.

Episode Summary:

In this episode, Lance Drury discusses the implications of IRS personal responsibility for business tax debt. He explains how business structures may not always protect individuals, leading to potential personal liability for unpaid payroll taxes. Lance emphasizes the importance of compliance and timely tax payments to avoid personal exposure to IRS collections.

Key Timestamps:

00:00 – Introduction

03:12 – IRS Trust Fund Civil Penalty

06:45 – Personal Responsibility for Sole Proprietors

10:20 – Impact of Business Closure on Personal Collection

14:05 – Compliance and Limiting Personal Exposure

18:30 – Avoiding Personal Tax Debt Risks

About the Show:

*Resilience and Resolve* offers valuable insights on navigating IRS challenges for small business owners and individuals. Lance Drury shares expert advice on resolving tax issues and regaining control when facing overwhelming IRS problems.