Resilience and Resolve with Lance Drury

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:In this episode, Attorney Lance Drury discusses the impact of major life changes like divorce, job loss, and illness on IRS agreements. He emphasizes the importance of renegotiating agreements when economic circumstances shift, highlighting real-life examples where early intervention made a significant difference in IRS responses.
Key Timestamps:00:00 – Introduction02:15 – Effect of major life changes on IRS agreements04:30 – Dealing with job loss or medical issues impacting payments07:10 – Handling IRS agreements during divorce settlements09:45 – Addressing personal hardship with the IRS12:20 – Case study: Impact of early intervention on IRS response15:00 – Importance of communication with the IRS17:30 – Role of ongoing compliance in agreement adjustments20:00 – Common mistakes hindering recovery from disruptions22:45 – Advice for individuals struggling with IRS agreements
About the Show:*Resilience and Resolve* is a podcast where Attorney Lance Drury helps individuals and small business owners navigate IRS challenges with over 30 years of experience in tax law. Gain insights on managing IRS agreements through life changes and ensuring compliance for financial stability.

Episode Summary:In this episode of *Resilience and Resolve*, Attorney Lance Drury sheds light on why IRS tax problems often escalate when individuals try to address them. He shares insights on how contacting the IRS without a clear plan can lead to unreasonable demands and deadlines, causing situations to worsen. Lance emphasizes the importance of staying calm, seeking professional help, and having a clear strategy to navigate IRS challenges effectively.
Key Timestamps:00:00 – Introduction02:15 – Why IRS situations escalate without a clear plan04:30 – Consequences of engaging with the IRS prematurely06:45 – Understanding the role of timing in IRS enforcement actions09:10 – Avoiding panic and emotional reactions in dealing with the IRS12:05 – Mistakes people make when reacting emotionally to IRS notices14:30 – Importance of having a clear plan to handle IRS issues17:20 – Benefits of seeking professional help in dealing with the IRS20:00 – Guidance for individuals feeling discouraged by escalating IRS problems
About the Show:*Resilience and Resolve* is a podcast hosted by Attorney Lance Drury, dedicated to helping individuals and small businesses navigate complex IRS challenges. With over 30 years of experience, Lance Drury provides practical advice and strategies to regain control over IRS-related issues. Join us for expert insights and actionable solutions to overcome tax problems effectively.

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.

Episode Summary:
In this episode, attorney Lance Drury breaks down the crucial concept of IRS compliance in tax resolution. Compliance involves timely filing and payment of taxes, paving the way for negotiation with the IRS. Lance emphasizes the significance of filing over payment, highlighting common pitfalls and misconceptions that can lead to escalating tax debt.
Key Timestamps:
00:00 – Introduction
01:30 – Definition of IRS Compliance
03:15 – Importance of Filing Over Payment
05:45 – Pitfalls of Non-Compliance
07:20 – Resolving Tax Debt Requires Compliance
09:10 – Impact of Compliance on Payment Plans
11:05 – Dangers of Partial Compliance
13:40 – Steps to Achieve Full Compliance
16:00 – Compliance at Federal and State Levels
18:30 – Final Advice on Getting Back on Track
About the Show:
*Resilience and Resolve* is a podcast hosted by attorney Lance Drury, guiding individuals and small business owners through IRS tax issues with over 30 years of experience. Discover actionable strategies and insights to regain control when facing overwhelming tax problems.