Resilience and Resolve with Lance Drury

IRS Collections and Your Bank Account: What You Need to Know

Episode Summary
In this episode of Resilience and Resolve, tax attorney Lance Drury explains how IRS bank levies work, the differences between levies, liens, and garnishments, and what steps taxpayers can take to stop or reverse a levy. Lance also reveals strategic ways to delay IRS collections, protect assets, and avoid financial hardship.
Whether you’re facing IRS actions or simply want to understand your rights, this conversation provides valuable insight into navigating complex tax collection issues.
Key Timestamps
00:22 – What is a bank levy01:07 – Bank levy vs. wage levy01:46 – Levy, lien, and garnishment explained03:43 – IRS notices before a levy05:01 – Using hearings to delay IRS collections06:47 – Can the IRS take everything in your account07:48 – Financial hardship and lifting levies09:04 – Can a levy be reversed09:29 – Multiple levies and wage garnishments10:24 – Are any accounts protected from a levy12:32 – Real case: IRS property seizure avoided13:37 – Steps to stop a levy before it hits14:17 – How a tax attorney can help
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.

IRS Penalty Interest The Cost of Waiting

Episode Summary
In this episode of Resilience and Resolve, tax attorney Lance Drury breaks down the hidden dangers of IRS interest and penalties that can turn a manageable tax bill into a financial nightmare. He explains the difference between failure-to-file and failure-to-pay penalties, how fast they accumulate, and why even small mistakes can lead to massive tax debt. Lance also shares real-life stories, including a case where a missed medical insurance filing triggered over $1 million in penalties, and offers strategies to reduce or avoid these charges.
Key Timestamps
00:00 – Introduction to IRS interest and penalties00:38 – Difference between IRS interest and penalties01:07 – Failure-to-file vs. failure-to-pay penalties explained01:50 – How penalties escalate a tax bill from $80,000 to $100,00002:16 – Why filing on time matters, even if you can’t pay02:31 – When penalties and interest begin accruing03:02 – Real case: Over $1 million penalty for missed medical insurance forms04:43 – Unreasonable IRS penalties and rare cases04:46 – How penalties continue even under non-collectible status05:36 – Options to reduce or eliminate penalties06:22 – Why filing an extension doesn’t stop interest or payment penalties07:19 – Caps on penalties vs. ongoing interest accrual07:47 – How resolution plans impact penalties08:03 – Common mistakes that increase penalty costs08:59 – Why delaying filing your tax return is a huge mistake09:23 – Final advice: stop charges before they overwhelm you
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.
👉 Take back control of your tax situation at LanceDruryLaw.com

The Self-Employed Tax Trap – Why Independent Contractors Get in Trouble

Episode Summary
In this episode of Resilience and Resolve, tax attorney Lance Drury uncovers why so many self-employed individuals and independent professionals fall into the IRS trap. From missed quarterly estimated tax payments to poorly documented expenses, Lance explains the most common mistakes freelancers and business owners make—and how to avoid snowballing tax problems.
He shares practical strategies for staying compliant, tips for managing unpredictable income, and why separating personal and business finances is crucial. Lance also reveals real-life client stories, including a business that faced million-dollar levies and how his team resolved it.
Whether you’re a freelancer, gig worker, or small business owner, this episode is packed with actionable advice to help you stay out of IRS trouble.
Key Timestamps
00:21 – Why self-employed individuals often fall behind on taxes01:13 – The hidden financial struggles of freelancers and gig workers02:23 – Common mistakes in estimating tax liability03:33 – How failing to track expenses can lead to a bigger tax bill04:18 – Why monthly payments prevent spending money meant for taxes06:29 – The difference between 1099 and W-2 income in IRS compliance07:41 – A real-life case of million-dollar levies and how they were resolved09:36 – How to avoid “pyramiding” payroll tax liabilities10:49 – The critical first step if you’re already behind on taxes11:25 – Why revenue officers create urgency in payroll tax cases
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.
Follow Lance Drury for more tax resolution insights: 🌐 LanceDruryLaw.com

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 risks03:00 – The importance of separating personal and business finances04:12 – Types of audits: correspondence vs. in-person05:40 – How audits can escalate and become costly07:27 – Taxpayer rights during an audit08:59 – Why self-representation often leads to worse outcomes10:38 – How proper documentation shifts audit results12:46 – Real examples of IRS penalties and how they snowball14:39 – 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.

Offer in Compromise – Is Settling With the IRS Too Good to Be True?

Episode Summary
In this episode of Resilience and Resolve, tax attorney Lance Drury breaks down the truth about Offers in Compromise (OIC)—a tax relief program often marketed as a way to settle IRS debt for “pennies on the dollar.” Lance explains who really qualifies, how the IRS calculates eligibility, and the potential pitfalls of filing an OIC without proper guidance. He also shares insights on why property equity, income levels, and compliance history play a critical role in whether an OIC will be accepted.
Whether you’re facing significant IRS debt or simply want to understand your options, this episode provides a clear, practical look at how Offers in Compromise work, when they make sense, and when other solutions—like installment agreements—might be better.
Key Timestamps
00:00 – Introduction to Offers in Compromise: Are they real and do they work?00:36 – Who qualifies for an OIC and how eligibility is determined.01:24 – Why home equity can disqualify taxpayers from an OIC.02:10 – IRS national expense standards and how they impact offers.03:42 – How the IRS calculates the minimum settlement amount.04:39 – Required financial documentation for an OIC application.05:51 – What happens if your OIC is rejected and appeal options.06:50 – The five-year compliance requirement after an OIC is accepted.08:17 – Difference between OIC and installment agreements.09:23 – Risks of aggressive or poorly documented OIC filings.10:21 – Why timing matters when filing an OIC with a nearing collection statute expiration.11:15 – Myths about settling tax debt for “pennies on the dollar.”12:11 – How contacting the IRS too early can put you on their radar.
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.
✅ Learn more or request a consultation at lancedrurylaw.com

Understanding IRS Tax Liens: How They Affect Your Property and Finances

Episode Summary
In this episode of Resilience and Resolve, tax attorney Lance Drury talks about the realities of IRS tax liens, how they differ from levies, and their impact on property, credit, and financial decisions. Lance explains the legal process of filing a lien, how it attaches to your property, and what steps taxpayers can take to protect their rights. He also clarifies common misconceptions about liens, discusses their expiration timeline, and shares strategies for dealing with liens when selling or refinancing a home.
If you’re facing a tax lien or worried about how it could affect your assets, this episode offers essential insights and practical advice.
Key Timestamps
00:26 – What exactly is an IRS tax lien, and how does it differ from a levy?01:12 – Where and how the IRS files a lien and why it attaches only to property in the county of filing01:56 – When liens should be released and how title companies complicate the process02:33 – Why title companies sometimes require liens to be satisfied even when they don’t attach03:29 – How liens affect your ability to refinance or sell property04:57 – Do tax liens impact credit scores or borrowing options?05:48 – What triggers the IRS to file a lien and when it’s likely to happen06:53 – How and when liens can be withdrawn or subordinated07:39 – What property liens actually attach to and how the IRS prioritizes collections08:44 – Do liens expire on their own, and how long do they last?09:47 – Advice for homeowners with tax liens considering selling their property10:40 – Common misconceptions about IRS tax liens and how they actually work12:10 – Why taxpayers now have to do more work to secure lien releases
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.
Learn more at LanceDruryLaw.com
Contact Lance Drury’s office for professional tax resolution assistance

Tax Liens – What They Mean, and How to Deal With Them

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 essential guide for anyone facing tax debt and wondering what comes next.
Key Timestamps:
00:01 – Welcome and show introduction00:31 – What is a tax lien vs. a tax levy?01:57 – How liens are filed and what property they attach to02:21 – Challenges with title companies and lien releases03:34 – How liens impact refinancing and selling your home04:59 – Do liens affect credit scores and business dealings?05:54 – What triggers the IRS to file a lien06:59 – How to remove or withdraw a lien08:03 – What property a lien attaches to, and what the IRS won’t pursue08:49 – Do liens expire? Understanding the collection statute09:52 – Advice for homeowners with tax liens11:03 – Common misconceptions about liens12:37 – Why taxpayers now have to do more to resolve liens13:09 – Final thoughts and call to action
About the Show:
Resilience and Resolve with Lance Drury is a legal podcast designed to help individuals and business owners understand their rights and options when dealing with the IRS. Hosted by legal expert Lance Drury, each episode provides practical insight into tax law, debt resolution, and protecting your financial future.

Payroll Tax Debt – When the IRS Comes After Business Owners Personally

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:00:01 – Show Introduction01:20 – Why payroll tax debt is an IRS enforcement priority03:40 – Personal liability for trust fund taxes06:00 – Avoiding the trust fund interview and protecting others08:15 – Common scenarios that lead businesses into payroll tax trouble10:50 – The risks of relying solely on payroll service providers13:05 – Real case example: Ownership vs. operational responsibility15:20 – What makes someone a “responsible person” in IRS terms18:10 – How to protect your business and personal assets if falling behind20:30 – Shared liability among officers and business partners22:25 – Key misconceptions and final advice from Lance Drury
About the Show:“Resilience and Resolve” brings legal and financial insights to entrepreneurs and small business owners. Featuring seasoned attorney Lance Drury, the show helps listeners navigate the tough realities of tax law, IRS disputes, and protecting what matters most in business.

IRS Notices Explained – What to Do (and Not Do) When the Mail Arrives?

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 pitfalls taxpayers fall into when trying to handle the IRS alone.
 
Key Timestamps:
00:01 – Introduction to IRS notices and why they matter
01:45 – CP14 vs. LT11: What these notices actually mean
04:22 – How appeal rights protect taxpayers and stop levies
07:36 – The IRS mistake rate and why taxpayers need legal help
10:20 – Tax season trends and what prompts people to finally call a lawyer
13:17 – A real case: $1.2M tax bill and a $300K levy due to delay
16:05 – Key rules when hiring tax professionals
18:40 – Timeline of IRS enforcement and how it varies
21:02 – Collection Due Process (CDP) vs. Equivalency Hearings
23:25 – Why calling the IRS yourself might do more harm than good
26:10 – IRS tactics: Are misleading notices intentional?
28:42 – When resolved tax years suddenly resurface
30:11 – The right time to contact a tax attorney
 
About the Show:
Resilience and Resolve with Lance Drury is a podcast dedicated to helping individuals and business owners face IRS challenges head-on. Veteran tax attorney Lance Drury delivers powerful stories, clear legal strategies, and practical advice for navigating the tax system with confidence in each episode.

Divorce & IRS Debt: What You Don’t Know Can Hurt

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 shares powerful real-life examples, explains why the IRS isn’t bound by divorce court rulings, and offers key advice to protect your financial future.
Key Timestamps:
00:01 – Show Introduction01:42 – How IRS debt is treated in divorce court04:10 – Shared liability after divorce and real-life case study07:20 – Innocent Spouse Relief explained and when it applies11:06 – IRS responsibility in jointly filed returns12:58 – Role of timing in IRS collection and statute of limitations17:25 – Insights on IRS staffing, delays, and taxpayer frustration22:15 – Legal team structure and importance of skilled attorneys25:18 – Why divorce agreements can’t override IRS enforcement28:00 – Best advice for divorcing individuals with IRS debt
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.