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 also shares real-world examples, insider tips, and the critical importance of proper documentation and legal guidance.
If you’re navigating tax debt or penalties—or want to avoid them—this episode provides valuable, actionable insight.
Timestamps- 00:00 – Welcome Introduction to Resilience and Resolve with Lance Drury
- 00:26 – What Is IRS Penalty Abatement? Understanding the two types: First-Time Abatement and Reasonable Cause
- 02:51 – First-Time Penalty Abatement Requirements Eligibility and limitations for first-time relief
- 04:34 – Reasonable Cause Abatement Examples of qualifying circumstances (illness, death, bad advice, etc.)
- 06:38 – The Penalty Abatement Process How long it takes and the forms involved (Form 843, Tax Account Analysis)
- 09:39 – Required Documentation Medical records and formal proof for reasonable cause claims
- 10:30 – Appealing a Denial Your rights and what to expect from the IRS appeal process
- 12:27 – IRS Staffing Challenges Why the IRS is overwhelmed and what that means for taxpayers
- 13:29 – Inside Track: How Lance’s Firm Helps Using special software and legal expertise to cut through red tape
- 14:31 – Reasonable Cause Approval Rate Lance’s insight on success rates and false promises in the industry
- 15:05 – Why You Shouldn’t Go It Alone The dangers of self-representation and IRS communication
- 16:27 – IRS and State Agencies Bypassing Power of Attorney How notices are handled and the need for professional monitoring
- 17:17 – Final Advice Why hiring a professional makes all the difference
Resilience and Resolve with Lance Drury breaks down the complex world of tax law into clear, practical guidance for individuals and businesses. Hosted by Kevin Rosenquist and featuring renowned tax attorney Lance Drury, each episode delivers essential insight into IRS dealings, tax resolutions, and the importance of legal strategy. Whether you're in tax trouble or want to stay out of it, this podcast gives you the tools to take control.
Popular Podcasts
Cold Case Files: Miami
Joyce Sapp, 76; Bryan Herrera, 16; and Laurance Webb, 32—three Miami residents whose lives were stolen in brutal, unsolved homicides. Cold Case Files: Miami follows award‑winning radio host and City of Miami Police reserve officer Enrique Santos as he partners with the department’s Cold Case Homicide Unit, determined family members, and the advocates who spend their lives fighting for justice for the victims who can no longer fight for themselves.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.