Resilience and Resolve with Lance Drury

Episode Summary:

Lance Drury explores the complexities of Currently Not Collectible (CNC) status with the IRS. This episode breaks down who qualifies, the application process, and potential pitfalls taxpayers should consider. Lance shares insights on how CNC status affects penalties, interest, and tax liens, while discussing recent changes in IRS practices regarding CNC status removal.

Key Timestamps:

00:00 - Introduction

01:15 -...

Episode Summary:

Lance Drury breaks down the critical differences between IRS Offer in Compromise and Installment Agreements. Learn how these tax resolution options work, their eligibility requirements, and which solution might be best for your situation. Discover insider tips on navigating tax debt and avoiding common pitfalls in the process.

Key Timestamps:

00:05 - Introduction and episode overview

00:36 - Detailed explanation ...

Episode Summary

In this episode, Lance Drury and LPN host Kevin Rosenquist discuss common issues and challenges businesses face with sales tax. Lance emphasizes the criminal implications of not remitting collected sales tax, shares a shocking case involving 96 felony charges for sales tax fraud, and provides advice on maintaining compliance. Key tips include keeping meticulous records, segregating business and personal accounts, an...

In this episode of Resilience and Resolve with Lance Drury, Lance and Kevin discuss the most common tax issues small businesses face and how to resolve them. They explore the importance of making timely tax payments, the dangers of ignoring payroll taxes, and the consequences of not filing. Lance provides advice on tax resolution options, including installment agreements and currently non-collectible status, and emphasizes the need...

Episode Summary

In this episode, Lance Drury and LPN host Kevin Rosenquist discuss common issues and challenges businesses face with sales tax. Lance emphasizes the criminal implications of not remitting collected sales tax, shares a shocking case involving 96 felony charges for sales tax fraud, and provides advice on maintaining compliance. Key tips include keeping meticulous records, segregating business and personal accounts, an...

Episode Summary

In this episode of Resilience and Resolve, Lance Drury and Kevin Rosenquist discuss how the IRS tax collection process works, including the steps taxpayers can take to avoid penalties and how to resolve issues with the IRS. Lance shares his extensive experience working with IRS revenue officers and agents, and offers valuable advice on what to do (and what not to do) when dealing with unpaid taxes. Topics covered in...

Episode Summary In this episode of "Resilience and Resolve," host Kevin Rosenquist and tax resolution expert Lance Drury discuss common tax problems individuals and businesses face, as well as strategies for resolution. They delve into topics such as audits, tax debt, liens, and penalties. Drury emphasizes the importance of proper tax handling and when to seek professional help, sharing real-life examples of successful resolutions...

In this episode of Resilience and Resolve, tax resolution attorney Lance Drury walks us through the basics of tax resolution law and discusses how self-employed individuals and small businesses can navigate their tax challenges. Lance shares insights into the complexities of working with the IRS, common misconceptions about tax resolution, and the critical role tax professionals play in helping people resolve their tax issues. Thro...