Episode Summary:
In this episode, tax expert Lance Drury discusses common mistakes people make when dealing with the IRS, strategies for handling back taxes, and important considerations for self-employed individuals. He emphasizes the importance of professional help and explains various IRS programs and collection powers.
Key Timestamps:
00:00 - Show Introduction
00:30 - Common mistakes when dealing with IRS
02:04 - How people get into tax trouble
03:17 - Tax payment recommendations for businesses
04:20 - How to handle IRS notices
05:22 - Negotiation strategies with the IRS
06:21 - Options for resolving back taxes
07:28 - IRS Fresh Start Program explained
08:46 - IRS powers and enforcement actions
10:09 - Current IRS activities and future projections
11:54 - Renegotiating IRS payment agreements
12:38 - Preparing for tax consultation
13:29 - Dealing with revenue officers
About the Show:
Resilience and Resolve with Lance Drury breaks down complex tax matters into understandable information, helping listeners navigate through tax challenges. Hosted by Kevin Rosenquist, the show features tax attorney Lance Drury sharing his expertise and practical advice for dealing with the IRS.
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