Resilience and Resolve with Lance Drury

Episode Summary:
In this episode of Resilience and Resolve, host Evan Mack and Lance Drury delve into the intricacies of IRS collection due process hearings. Lance explains the rights taxpayers have to challenge IRS collection actions and the importance of understanding these rights to prevent unwarranted levies. The discussion highlights the backlog at the IRS, which has led to delays in hearings and alternative strategies like equivalency hearings.
Lance emphasizes the need for accurate financial documentation and the potential for negotiating settlements or payment plans. This episode is crucial for anyone facing IRS collection actions, providing insights into how to effectively navigate the process and protect one's financial interests.
Key Timestamps:
00:01 – Introduction
00:14 – Taxpayer Rights and Collection Due Process
00:40 – Understanding Collection Due Process Hearings
01:06 – IRS Backlog and Its Impact
01:54 – Alternative Strategies: Equivalency Hearings
02:51 – Importance of IRS Funding and Staffing
03:54 – Challenging IRS Actions
04:48 – Suspension of Collection Actions
05:18 – Preparing Financial Documentation
06:46 – Compliance and Resolution Opportunities
07:26 – Mistakes to Avoid in IRS Hearings
09:01 – Importance of Timely Response to IRS Notices
About the Show:
Resilience and Resolve is a podcast dedicated to helping individuals and small business owners navigate complex IRS tax issues. Hosted by experienced Attorney Lance Drury, the show offers practical advice and insights into taxpayer rights and IRS procedures. With a focus on clarity and actionable strategies, the series aims to empower listeners to effectively manage their tax challenges and achieve favorable outcomes.

Episode Summary:
In this episode of Resilience and Resolve, attorney Lance Drury joins host Evan Mack to explore the complexities of IRS enforcement when it comes to business taxes. Lance, with over 30 years of experience, explains the critical distinctions between business and personal asset targeting by the IRS. He discusses the implications of unpaid payroll taxes, the importance of keeping business and personal finances separate, and the potential consequences of IRS actions on business operations.
Lance emphasizes the necessity of professional guidance to navigate these challenges effectively and offers practical advice for business owners facing IRS pressure. Listeners will gain valuable insights into protecting their business assets and ensuring compliance with tax obligations.
Key Timestamps:
00:01 – Introduction
00:05 – IRS Focus on Business vs. Personal Assets
01:08 – Trust Fund Civil Penalty Interview
02:29 – Commonly Targeted Business Assets
03:35 – IRS Enforcement Priorities
04:36 – Importance of Compliance for Business Owners
05:33 – Separating Business and Personal Finances
07:00 – Impact of IRS Actions on Business Operations
08:05 – Challenges with Business Tax Liabilities
09:02 – Shifting IRS Focus from Business to Personal Assets
10:03 – Mistakes in Handling IRS Issues
12:50 – Professional Assistance for IRS Challenges
About the Show:
Resilience and Resolve is a podcast dedicated to helping individuals and small business owners navigate complex IRS tax issues. Hosted by experienced attorney Lance Drury, the show offers practical insights and strategies for resolving tax problems, with a focus on clarity and actionable advice.
Whether dealing with personal or business tax challenges, listeners will find valuable information to help them understand their rights and options. The series aims to empower listeners with the knowledge needed to tackle IRS issues head-on.

Episode Summary:
In this episode of Resilience and Resolve, Attorney Lance Drury discusses the critical topic of IRS property seizures for unpaid tax debts. Lance explains the circumstances under which the IRS might seize physical property, such as homes, and the types of property they typically pursue, like bank accounts and wages. He highlights the importance of responding to IRS notices promptly to avoid enforcement actions and shares insights into the IRS's use of AI to expedite collections.
Lance also recounts real-life cases, illustrating the consequences of ignoring IRS communications and the potential for financial hardship. Listeners will gain a deeper understanding of how to navigate IRS enforcement actions and the importance of seeking professional guidance to protect their assets.
Key Timestamps:
00:01 – Introduction
0:14 – IRS Enforcement Actions Overview
0:42 – Common IRS Collection Methods
1:38 – Types of Property Subject to Seizure
2:20 – Bank Levies vs. Wage Garnishments
3:10 – IRS Notices and Warnings
4:42 – IRS Decision-Making on Seizures
5:25 – Real-Life Case Study: Ignoring IRS Notices
6:48 – Expanding Legal Practice Globally
7:19 – Impact of IRS Letters on Client Actions
8:09 – IRS Property Sale Process
9:08 – Property Types Typically Avoided by IRS
9:46 – Mistakes Leading to IRS Enforcement
10:34 – How IRS Situations Typically Unfold
About the Show:
Resilience and Resolve is a podcast dedicated to helping individuals and small business owners navigate complex tax issues with the IRS. Hosted by Attorney Lance Drury, the show provides practical advice and insights into tax law, focusing on clarity and actionable strategies. Whether you're facing IRS enforcement actions or seeking to understand your tax obligations better, this podcast offers valuable guidance to help you resolve your tax challenges effectively.

Episode Summary:
In this episode of Resilience and Resolve, host Evan Mack sits down with Lance Drury to demystify the complexities of federal tax liens. Lance, with over 30 years of experience in resolving IRS tax issues, explains the triggers and implications of a federal tax lien. The discussion covers the differences between a lien and a levy, the process of filing a lien, and the potential impact on property and credit.
Lance shares insights on how to handle tax liens, including the importance of resolving tax liabilities to avoid severe consequences such as levies. He also highlights common mistakes people make when dealing with liens and offers practical advice for those looking to navigate these challenges. Listeners will gain valuable knowledge to manage their tax situations effectively and avoid pitfalls.
Key Timestamps:
00:01 – Introduction
00:09 – What Triggers a Federal Tax Lien
00:38 – Understanding Federal Tax Liens
01:58 – Differences Between a Lien and a Levy
03:10 – Situations That Trigger a Lien
03:41 – IRS Notification Process
04:30 – Resolving Tax Liens
06:11 – Impact on Credit and Property
07:00 – Options for Resolving Tax Debt
08:10 – Common Mistakes After a Lien is Filed
09:07 – Moving Forward with a Tax Lien
09:46 – Conclusion
About the Show:
Resilience and Resolve is a podcast dedicated to helping individuals and small business owners navigate complex tax issues with the IRS. The show features expert insights from Lance Drury, who brings over three decades of experience in tax law.
Each episode breaks down intricate tax topics into clear, actionable advice, empowering listeners to make informed decisions and resolve their tax challenges. Whether you're facing a tax lien, levy, or other IRS-related issues, Resilience and Resolve provides the guidance you need to protect your financial future.

Episode Summary:
In this episode of Resilience and Resolve, host Evan Mack is joined by Attorney Lance Drury to discuss the intricacies of dealing with the IRS when they suspect hidden income or assets. Lance shares insights from his extensive experience, highlighting common pitfalls taxpayers encounter, such as failing to disclose rental properties or co-mingling personal and business finances. He emphasizes the importance of maintaining accurate records and understanding the implications of asset transfers, particularly those that might be deemed fraudulent conveyances.
Lance recounts real-life cases, illustrating how seemingly minor actions can escalate into significant legal challenges. The episode provides listeners with practical advice on how to manage their financial disclosures effectively and avoid unnecessary complications with the IRS. This conversation is essential for anyone facing IRS scrutiny, offering strategies to navigate these situations with confidence and clarity.
Key Timestamps:
00:01 – Introduction
00:40 – IRS Concerns Over Undisclosed Assets
01:34 – Red Flags in Financial Statements
02:32 – Importance of Documentation
03:10 – Role of Bank Records in IRS Investigations
03:57 – Challenges with Co-mingling Finances
04:27 – Transactions That Raise IRS Suspicions
05:14 – Case Study: Fraudulent Conveyance
06:03 – Misunderstandings About Asset Transfers
07:19 – Impact of Hidden Assets on Tax Resolution
08:12 – Consequences of Poor Record-Keeping
09:23 – Mistakes in Managing Tax Problems
10:24 – Advice for Taxpayers Facing IRS Scrutiny
About the Show:
Resilience and Resolve is a podcast dedicated to helping individuals and small business owners navigate complex tax issues with the IRS. Hosted by experienced Attorney Lance Drury, the show delves into real-world cases and provides practical advice on resolving tax disputes.
With a focus on clarity and actionable insights, Resilience and Resolve aims to empower listeners with the knowledge they need to handle tax challenges effectively. Whether you're dealing with personal tax issues or managing a business, this podcast offers valuable guidance to ensure compliance and peace of mind.

Episode Summary:
In this episode of Resilience and Resolve, host Lisa Mosbey and attorney Lance Drury delve into the intricacies of providing financial information to the IRS during tax resolution cases. Lance, with over 30 years of experience, explains the importance of adhering to national standards and the types of documentation required to verify income and expenses.
He shares insights on how the IRS scrutinizes financial disclosures, the potential consequences of inaccuracies, and the critical role of legal documentation in negotiating payment plans or settlements. Through real-life anecdotes, Lance illustrates the pitfalls of non-compliance and the significance of transparency with the IRS. This episode is essential for anyone dealing with IRS tax issues, offering practical advice to ensure a smoother resolution process.
Key Timestamps:
00:01 – Introduction
00:09 – Verifying Financial Information with the IRS
00:36 – National Standards and Documentation Requirements
01:22 – Case Study: Excessive Spending on Meals
02:45 – Legal Obligations and Allowable Expenses
03:28 – Types of Records for IRS Verification
04:47 – Importance of Disclosing All Assets
05:17 – Bank Statements vs. Physical Receipts
06:13 – Red Flags in Financial Disclosures
07:15 – Consequences of Non-Compliance
09:12 – Payment Plans vs. Settlement Options
10:43 – Risks of Incomplete or Inaccurate Information
12:19 – Criminal Implications of Unpaid Sales Tax
13:42 – Ensuring Accuracy in Financial Submissions
About the Show:
Resilience and Resolve is a podcast dedicated to helping individuals and small business owners navigate complex IRS tax issues. Hosted by attorney Lance Drury, the show offers expert insights into tax resolution strategies, compliance, and legal obligations.
Each episode breaks down critical topics with clarity and practical advice, empowering listeners to tackle their tax challenges with confidence. Whether you're facing an audit or seeking to understand your rights, Resilience and Resolve provides the guidance you need to make informed decisions.

Episode Summary:
In this episode of Resilience and Resolve, host Lisa Mosbey sits down with Lance Drury to demystify the IRS financial disclosure process, particularly focusing on IRS Form 433. Lance, with over 30 years of experience, explains when and why the IRS requests a full financial picture from taxpayers, especially when negotiating to pay less than the full amount owed. He breaks down the different types of Form 433, such as 433-A for individuals and 433-B for businesses, and highlights the importance of accurate documentation to support financial claims.
Lance shares real-life examples, illustrating how strategic financial planning can lead to favorable outcomes with the IRS. Listeners will gain insights into common mistakes to avoid and tips for maintaining accurate financial records, ensuring they are well-prepared to handle IRS inquiries effectively.
Key Timestamps:
00:01 – Introduction
0:17 – Importance of IRS Form 433
1:04 – When IRS Requests Financial Disclosure
1:48 – Types of IRS Form 433
2:39 – Documentation and National Standards
4:03 – Real-Life Example: Strategic Financial Planning
6:06 – Assets That Raise IRS Questions
7:35 – How IRS Uses Financial Information
8:21 – Common Mistakes in Financial Disclosure
9:20 – Importance of Accurate Expense Reporting
10:40 – Keeping Track of Finances Year-Round
11:54 – Separate Accounts for Business and Personal Finances
12:41 – Frequency of Tax Estimates for Entrepreneurs
About the Show:
Resilience and Resolve is a podcast dedicated to helping individuals and small business owners navigate complex IRS tax issues with confidence and clarity. Hosted by experienced Lance Drury, the show offers practical advice, real-world examples, and expert insights into tax resolution strategies.
Whether you're dealing with tax debt, audits, or financial disclosures, Resilience and Resolve provides the tools and knowledge needed to effectively address and resolve tax challenges. The series is designed to empower listeners with the understanding and resources necessary to achieve favorable outcomes with the IRS.

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.