IRS Audits – How to Survive When You’ve Been Selected

Episode Summary

In this episode of Resilience and Resolve, tax attorney Lance Drury explains the ins and outs of the IRS audit process, from what triggers an audit to the different types of audits taxpayers may face. He discusses common mistakes business owners make that increase audit risks, why proper documentation is critical, and the importance of professional representation when dealing with the IRS.

Lance also sheds light on how audits can escalate into criminal investigations, the industries most frequently targeted, and how to avoid costly pitfalls. Whether you’re a small business owner or an individual taxpayer, this episode offers actionable insights to help you stay compliant and minimize risk.

If you’ve ever wondered how the IRS selects taxpayers for audits or how to handle one without jeopardizing your financial future, this conversation will give you clarity and practical strategies to protect yourself.

Timestamps

00:33 – What triggers an IRS audit?
01:50 – Industries that face higher audit risks
03:00 – The importance of separating personal and business finances
04:12 – Types of audits: correspondence vs. in-person
05:40 – How audits can escalate and become costly
07:27 – Taxpayer rights during an audit
08:59 – Why self-representation often leads to worse outcomes
10:38 – How proper documentation shifts audit results
12:46 – Real examples of IRS penalties and how they snowball
14:39 – Can audits be appealed or reopened?
15:40 – Steps to lower your audit risk

About the Show:

“Resilience and Resolve with Lance Drury” provides practical legal insights into IRS matters, tax law, and financial defense strategies. Each episode explores timely and complex tax issues with real-world examples and expert analysis from Lance Drury and his experienced legal team.

🎧 Listen now and learn how to survive an IRS audit with less stress and better results.

👉 Need help with an audit? Visit lancedrurylaw.com for expert representation.