Resilience and Resolve with Lance Drury

In this episode, attorney Lance Drury unpacks the complexities surrounding IRS tax liens. He breaks down what liens are, how they differ from levies, how they affect your property and finances, and the options available to taxpayers. Lance also discusses common misconceptions, how liens can impact real estate transactions and credit, and the role of title companies in lien resolution. It’s an esse...

Episode Summary: In this episode, tax attorney Lance Drury dives into one of the most dangerous financial pitfalls for business owners: payroll tax liability. They explore why the IRS treats these cases with such severity, what the trust fund recovery penalty means for personal financial exposure, and how small business owners can protect themselves from devastating consequences. Key Timestamps: 0...

Episode Summary: In this episode, veteran tax attorney Lance Drury explains those dreaded IRS notices. He unpacks the differences between CP14 and LT11 letters, shares real-world tax horror stories, and offers crucial tips on how to avoid wage garnishments, bank levies, and costly mistakes. Lance emphasizes the urgency of timely legal action, the importance of professional help, and common pitfall...

Episode Summary: In this eye-opening episode, tax attorney Lance Drury unpacks the complex relationship between IRS tax liabilities and divorce proceedings. From misconceptions about liability division to the nuances of Innocent Spouse Relief and the limitations of divorce agreements, this episode provides essential guidance for anyone navigating a separation with outstanding tax debt. Lance also...

Episode Summary In this episode of Resilience and Resolve, host Kevin Rosenquist and tax attorney Lance Drury take a deep dive into the world of IRS penalties—and more importantly, how to get relief from them. From first-time penalty abatement to the complex process of proving reasonable cause, Lance explains what taxpayers need to know if they’ve fallen behind and are facing costly penalties. He...

Episode Summary In this episode of Resilience and Resolve, attorney Lance Drury joins host Kevin Rosenquist to unpack the complexities of innocent spouse relief—a provision that can protect one spouse from tax liabilities incurred by the other. Lance shares real-life examples, breaks down eligibility requirements, and offers insight into the IRS’s review process, including how long it takes and wh...

Episode Summary: Tax attorney Lance Drury breaks down IRS penalties, abatement processes, and navigating complex tax resolution strategies. Learn about failure to file vs. failure to pay penalties, requirements for first-time penalty abatement, and what constitutes "reasonable cause" for penalty relief.   Key Timestamps: 00:31 - Types of IRS penalties and calculation methods 02:24 - Understanding...

Episode Summary: Lance Drury explores the complexities of Currently Not Collectible (CNC) status with the IRS. This episode breaks down who qualifies, the application process, and potential pitfalls taxpayers should consider. Lance shares insights on how CNC status affects penalties, interest, and tax liens, while discussing recent changes in IRS practices regarding CNC status removal.   Key Times...

Episode Summary: Lance Drury breaks down the critical differences between IRS Offer in Compromise and Installment Agreements. Learn how these tax resolution options work, their eligibility requirements, and which solution might be best for your situation. Discover insider tips on navigating tax debt and avoiding common pitfalls in the process.   Key Timestamps: 00:05 - Introduction and episode ove...

Episode Summary In this episode, Lance Drury and LPN host Kevin Rosenquist discuss common issues and challenges businesses face with sales tax. Lance emphasizes the criminal implications of not remitting collected sales tax, shares a shocking case involving 96 felony charges for sales tax fraud, and provides advice on maintaining compliance. Key tips include keeping meticulous records, segregating...

In this episode of Resilience and Resolve with Lance Drury, Lance and Kevin discuss the most common tax issues small businesses face and how to resolve them. They explore the importance of making timely tax payments, the dangers of ignoring payroll taxes, and the consequences of not filing. Lance provides advice on tax resolution options, including installment agreements and currently non-collecti...

Episode Summary In this episode, Lance Drury and LPN host Kevin Rosenquist discuss common issues and challenges businesses face with sales tax. Lance emphasizes the criminal implications of not remitting collected sales tax, shares a shocking case involving 96 felony charges for sales tax fraud, and provides advice on maintaining compliance. Key tips include keeping meticulous records, segregating...

Episode Summary In this episode of Resilience and Resolve, Lance Drury and Kevin Rosenquist discuss how the IRS tax collection process works, including the steps taxpayers can take to avoid penalties and how to resolve issues with the IRS. Lance shares his extensive experience working with IRS revenue officers and agents, and offers valuable advice on what to do (and what not to do) when dealing w...

Episode Summary In this episode of "Resilience and Resolve," host Kevin Rosenquist and tax resolution expert Lance Drury discuss common tax problems individuals and businesses face, as well as strategies for resolution. They delve into topics such as audits, tax debt, liens, and penalties. Drury emphasizes the importance of proper tax handling and when to seek professional help, sharing real-life...

In this episode of Resilience and Resolve, tax resolution attorney Lance Drury walks us through the basics of tax resolution law and discusses how self-employed individuals and small businesses can navigate their tax challenges. Lance shares insights into the complexities of working with the IRS, common misconceptions about tax resolution, and the critical role tax professionals play in helping pe...