June 23, 2025 • 22 mins
live show Paying your back taxes Negotiating with the IRS
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Ask The Experts Florida is broadcast live Mondays at 9AM ET and Thursdays at 5PM ET on W4CY Radio (www.w4cy.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Ask The Experts Florida is viewed on Talk 4 TV (www.talk4tv.com).
Ask The Experts Florida Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.
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Speaker 1 (00:00):
The topics and opinions expressed in the following show are
solely those of the hosts and their guests and not
those of W FOURCY Radio, it's employees are affiliates. We
make no recommendations or endorsements for radio show programs, services,
or products mentioned on air or on our web. No
liability explicitor implies shall be extended to W FOURCY Radio
or it's employees or affiliates. Any questions or comments should
be directed to those show hosts. Thank you for choosing
(00:21):
W FOURCY Radio.
Speaker 2 (00:26):
Welcome to the Ask the Experts Show on W FOURCY
Radio and Talk for TV, where we bring you educational
information from top local experts in the fields of legal, health,
financial and home improvement. Now sit back and listen to
experts in family law, association, law, hearing laws, business brokers,
(00:47):
home care, along with many other topics. Now here are
your hosts, Spivo and Sophia.
Speaker 3 (00:55):
Hey, good morning, Missouri and Tennessee. Welcome to another sc
expert show. We have got such a great action two
shows this morning. Our first show is becoming one of
our top shows throughout the country. It is we are
getting your emails and I got to tell you a
(01:16):
couple of them said, I don't know if you ever
read these emails, and we do, and we've decided to
dedicate today's show two questions that you've sent in to
our expert attorney, Lance Drury. Folks, this is one of
the finest law firms when it comes to ax resolution.
I am so excited because we've added more shows now,
(01:42):
a lot of them from your request. So let's welcome
our expert, the man from the law firm of Lance Drury,
Lance Drury himself, good morning.
Speaker 4 (01:53):
Good morning, Steve. It's always great to see you. Glad
to be here.
Speaker 3 (01:58):
People love you. They love the way Lance you explain
things to them. And you know, that's why your firm
is so successful, because it starts from the top down.
Speaker 4 (02:10):
Yeah, we've had a lot of great success. We've got
a lot of great practitioners. I have better lawyers now
than I've ever had. The firm has more than a
thousand clients at any one time. We're just going great
guns and we keep getting bigger and bigger all the time.
The last few weeks have exploded and I've been to
(02:33):
San Antonio this month. I just got back from Nashville
last week and Wednesday, Steve, you don't know this. I'm
going to New Jersey for a JO for a two
day seminar on artificial intelligence for law firms because I
might be an old dog, but I got to learn
new tricks if I want to keep up with these young'ins.
Speaker 3 (02:56):
Oh my, so AI is going to have a big
presence in your firm.
Speaker 4 (03:02):
That's correct. We're going to learn it on a lot
of different fronts. And it's not just on AI, but
that's the bulk of it. But you know, you got
to keep up with this. And there's all kinds of
different AI dot COM's now and some of them are
tailored to this need. Others are tailored to a different need.
(03:22):
So I've got to get up on all this so
that i can compete in the marketplace.
Speaker 3 (03:27):
Lance. I want to tell people that, especially if you're
going through problems with the RS, you don't have to
be embarrassed. It happens to millions of people and Lance
is firm. They don't they listen, They understand what you're
going through. It's not something to be embarrassed about. By
(03:52):
doing nothing is going to hurt you more, Isn't that correct?
Speaker 4 (03:56):
That's true. You can't put your head in the sand
when the taxing authority are coming after you, because what's
going to happen is you're going to get wiped out.
I don't think i've told you about what just happened
in Tennessee. We had a gentleman who's been fighting him
for years. He owed one point two million dollars to
the IRS, thought he could do it on his own,
(04:16):
called us up after he had his fourth revenue officer
didn't hire us, and I'm sure that he didn't submit
all the information the revenue officers submitted. They seized all
of his assets, including his requirement account, which was three
hundred thousand plus dollars. When he called back, he said, well,
my wife was supposed to bring the check down I
(04:37):
was out of town. Well guess what I had to
tell him that it's going to be a lot more
uphill now that they've seized those assets from you. So
you know, delay is never a good tactic to take
with the IRS. You can't do this on your own.
Don't be embarrassed. There are twenty six million delinquent taxpayers
(05:00):
in the United States. Wow, And by the year two
thousand and thirty two, there will be thirty five million
delink when taxpayers in the United States, so.
Speaker 3 (05:11):
Incredible, it's this is all our firm does. This is
exactly what your firm does. And I got to tell you,
know what I'm thinking about this person you just told
us about. I bet you he probably gave out a
lot of information he shouldn't have given out.
Speaker 4 (05:29):
Now, that's the other problem is people. It's just like
talking to the cops. You know, your natural inclination is
to talk, and too many people volunteer information that they
don't need to disclose and that just gets them into
bigger trouble.
Speaker 3 (05:45):
Well, let's I got to tell you this show has
becoming probably top three shows now of our thirty five
shows we do, and I base it on amount of
emails that are coming in. People love your show, So
I want to get started. We've got so many questions
throw at you today. Ron in Knottsville wants to know
(06:09):
what do I do if I can't pay my taxes?
Speaker 4 (06:13):
Well, there's not a problem there. You just need to
come to us. It's all based on your ability to
pay the taxes back. So if you can't afford to
pay them back, that's good for you. But you've got
to prove to the irs that you don't have the
ability to pay it back. So it's a lot of
work for us, it's a lot of work for the taxpayer.
You've got to be willing to put in the work,
(06:35):
and we prove that we have to go through financial statements.
That's where you get the biggest bang for your buck
and hiring my firm, because nobody fills them out right.
They're confusing, they're complicated to the average individual, so nobody
fills them out right the first time. We may have
to go through them three, four or five times because
(06:56):
you're submitting those under penalties of perjury. And secondly, guess what,
you give us bad numbers, we're going to give you
bad advice. And then for certain categories of expenses, we're
going to need documentation through bank statements, credit card statements,
debit card statements because we have to prove up certain
categories of expenses. So again, if you're gonna hire us,
(07:19):
just remember you got to do the work. You just
don't pay us the big bucks and we wave a
magic wand and it goes away. I wish you would
I wouldn't have to work every Saturday and Sunday morning.
I drove to my Saint Louis office Saturday to see
a couple people, and yesterday I had two phone calls
in my Saint Genevieve, Missouri office. But you know, there's
(07:40):
a real need for these services and you've got to
be there, and so we accommodate people because I recognize
that a lot of people have to work during the
week and so they can't always talk to you during
the week, so we schedule people on Saturday and Sunday mornings.
Speaker 3 (07:55):
That's not a problem. Hey, speaking of work, because you
also handle axes for companies, especially companies that get in
trouble with the IRS probably calling the irs. Here you
are a business owner and having to sit on the
phone for hours, when all you had to do is
(08:17):
hire a company by lance jury's law firm and let
them handle that. Who went to sell on the phone
for hours waiting on the rs R.
Speaker 4 (08:27):
And in the old days we had to do that,
But now we have special software. We can get through
in three minutes and it's worth every penny. It costs
us a pretty penny, but it's worth it because in
the old days we'd have to sit there, we'd have
to do other work while we were waiting. But you know,
we had the same frustrations as taxpayers. We'd call up,
take two hours to get through, and then they disconnect us.
(08:50):
You know, so that still happens to people. I have
people harmy simply because they're tired of waiting on the
phone for the IRS they can get through to them.
Speaker 3 (09:01):
Here's Gene in Cleveland there, Cleveland, Tennessee.
Speaker 4 (09:06):
That I don't know.
Speaker 3 (09:07):
Yeah, Cleveland, Tennessee. What if I think that my my
IRS bill is wrong? What do I do?
Speaker 4 (09:15):
Well, you need to call us up and we'll get
that rectified. We'll find out. But here's the mistake that
people make when they look at their bill. You got
to remember it's not just the raw tax. There's penalties
and interest. And Steve, if you and I charge with
the IRS charge for penalties and interest, we'd be in
the federal clink. I mean, their penalties and interest are ridiculous.
(09:39):
But guess what, they have the power to do it, so,
you know, they add up quickly. And the older the
tax liability is, the more the penalties and interest are
going to be. So you know, the bill could be wrong.
The IRS is making more mistakes now than they ever have.
I've never seen the IRS this bad. It's very, very frustrating.
(10:01):
We're having to spend more time correcting their mistakes. So
the bill could be wrong, or it could be just
the accumulation of penalties.
Speaker 3 (10:08):
And interest lance. What's going to happen? You know, we
heard about these eighty thousand new agents being hired, and
then we hear about twenty six thousand agents are going
to be let go. What's going on over the IRS?
Speaker 4 (10:23):
Well, I think it's the change with the new administration.
You know, things were slow at the beginning of the year,
and I think people had this misguided notion that Donald
Trump was going to abolish the IRS. He's going he's
not going to abolish the IRS. In fact, this month, no,
(10:44):
And in fact, this month we may have a record month.
Things are just booming, which is unusual in the summer.
But there are all kinds of levy notices out there,
and that's when people call me. So you're you're going
to see a bit big curtailment from Joe Biden's eighty
seven billion and eighty thousand new employees. But the IRS
(11:07):
isn't going away. But here's the problem with this is
that people don't want the IRS to have that many people. Well,
that's fine, but if you've got a problem, guess what
the service is terrible.
Speaker 3 (11:19):
Now.
Speaker 4 (11:20):
You know it's taking two years sometimes for amended returns
to process. It's taking all kinds of time for people
to get this taken care of. And so you know
that's the downside of not funding the IRS properly, is
that if you've got a problem, it's going to take
(11:41):
forever to get it rectified.
Speaker 3 (11:43):
You know, our next and we've talked about this before.
Our next email just shows how much people love your show. Lance.
Here's Shelley in Brentwood, Tennessee. He's writing, your show is
too short, it's not long enough. You know, it's amazing
that you know you've got a great show and people
(12:06):
write that in But her question is, and when we
get all the time, what is an offer and compromise.
Speaker 4 (12:12):
Well, before I answer that question, Shelley, I want you
to know that when Steve told me this, you know
he's told me before that people wish my show was longer.
So I said, Steve, let's do this twice a month,
not once a month. So now we're doing it twice
a month. I got an offer and compromise, and I
got to tell you, Shelley, Unfortunately, most people in Tennessee
(12:35):
don't qualify. But an offering compromise is where you offer
less than the full amount in full satisfaction of the debt.
And of course everybody loves it because once the conditions
of the offer are completed, the liability goes away. But
you've got to be one hundred percent complying for the
next five years. Now, the reason why people in Tennessee,
(12:59):
I'd say maybe two percent of my clients in Tennessee qualify.
And Steve you probably know this, but Nashville is now
the place to be in the Midwest. People are coming
in from California. They're paying two hundred thousand dollars over
the listed price for a home. So everybody in Tennessee's
(13:21):
and Nashville's. My brother lives in spring Hill, forty five
minutes out, and it's the same problem there. But the
homes are a seven hundred and fifty thousand, nine hundred thousand,
And when you do an offer, the IRS is going
to consider your net equity in assets. So guess what
you owe fifty thousand, you owe one hundred thousand, you
(13:42):
owe one hundred and fifty thousand. If you got a
home that the net equity is over half a million,
you're not going to qualify for that offer because that
takes you out of the offer. But the good news
is Shelley, is that there's more than one way to
skin a cat. So you can do what's called a
partial pay installment degree. They may look at the equity
in your home and they may tell you, okay, see
(14:03):
if you can borrow against the home to pay the debt.
Ninety nine percent of the time people can't get a
loan to pay the debt, and we don't want them
to anyway, And then they won't touch the home if
it's your only home. And then it's based upon your
income and your assets. And the partial pay installment agreement
is like an offer and compromise in that you never
(14:25):
pay back the full amount, but it's like an installment
agreement in that you pay on it monthly. So the
reason people don't like that all the time is it
may take five years for the clock to run out
on collections, so you have to pay for five years.
So there's no instant gratification there like there is with
an offer and compromise. But you know, you got to
(14:48):
play the game by the rules and you got to
use whatever tricks you can to get your client the
best possible deal, and unfortunately, in Tennessee, it's tough to
get an offer and compromise accepted.
Speaker 3 (15:00):
Robert Hendersonville, Tennessee. I am listening to your show for
a friend of mine who is going to be calling
you because he is now going through a collection due
process hearing. What is that?
Speaker 4 (15:16):
Okay, a collection due process hearing is it's a way
to stop the levee. It's you know, when they send
you a final notice of intent to levy, they will
send you the farm for a collection due process hearing.
That puts a pause on them not issuing the levee.
They can't issue it while the collection due process hearing
(15:39):
is pending. You can buy yourself at least six to
nine months. And yes, he needs professional assistance with that
because you're going to go through financial statements. Nobody fills
those out completely correct, so you do need professional guidance
to do that. You don't want to talk to the
irs yourself. You're going to have a settlement officer for that.
(16:02):
But here's the other problem. When I say six to
nine months, that could be longer. I just had one
with a guy. Ninety thousand dollars falls off in September.
The irs is less than three months to collect. It
took three appeals officers. They kept switching it to a
different appeals officer, but we didn't care because the clock
(16:23):
was running. But we didn't file a collection due process hearing. Now,
if if the collection statute is close to expiring, let's
say a year or less, maybe even longer, you don't
want to file a collection due process hearing request. You
want to file an equivalency hearing request. Because when you
file the collection due process hearing request, that stops the
(16:47):
clock on collections. But if you file an equivalency hearing request,
the clock doesn't stop during that whole time, so it
just depends. And this is why people need professional GUIDs.
I got to tell you, Steve, in the old days,
when I was just a small town lawyer in my
prior life, because I'm not a youngster anymore. As you
(17:08):
can see, I spend fifteen hours a year on continuing
legal education. Now, I and by eight other lawyers in Missouri, Tennessee,
Los Angeles, and Orlando, Florida. We spend a minimum, a
minimum of fifty to one hundred hours a year or
(17:29):
more just keeping up on this because that's what you
have to do. They're a bureaucracy. Things change all the time,
Procedures changed all the time. And if you don't want
to harm me, hoire an attorney, go local. Horre an attorney.
I got six people in my Nationville office. I was
there last week. Don't hire an account and accountants are
(17:50):
great with the numbers, but they just gabble in this stuff.
And all my attorneys have seen accountants give horrendous advice
to people that have really cost them a lot of money.
I just add a woman the other day said she
talked to he acount, Oh, well, we'll get you set
up on thirteen hundred dollars a month. She's on disability,
(18:12):
she's not going to have to pay all this back.
He was just telling her to go in and set
up a full pay agreement. Eighty five to ninety percent
of our clients never pay back the full of map.
But you've got to prove to the irs that you
don't have the ability to pay all this back. So
get professional help. Get somebody that does this every single day.
(18:33):
If you need to go to my website, you'll see
the books I've co authored, the speeches I've given across
the country, the award I won in twenty sixteen. Look
at the testimonials in Tennessee. We're a four point nine
out of five in Google reviews. But if you don't
hire my firm, get an attorney that does this every
(18:54):
single day.
Speaker 3 (18:55):
Ben in Columbia, Missouri, thank you so much for giving
your time to do a show like this. I heard
a phrase the other day called innocent spouse when it
refers to taxes. What is that?
Speaker 4 (19:09):
Innocent spouse is where you file the return jointly with
your spouse. But you're basically saying I didn't have anything
to do this just because the tax was incurred by
the other spouse is not enough. I'll give you an example.
I had a woman in Festus, Missouri. And if you
live in Columbia, you may know where Festus is. That's
(19:30):
about thirty minutes south of Saint Louis. And the husband
had a business, but he took care of all the
financial affairs. She wasn't aware of any of this. She
filed for divorce farm all of these allegations were pled
in the divorce, and we got her off of one
hundred thousand dollars in tax liability by showing that she
(19:54):
did not have knowledge of this, that the husband hid
things from her, so she walked away with owing the
irs nothing. So it's a situation where you're basically kept
in the dark over what's going on in terms of
what the other spouse is doing and incurring.
Speaker 3 (20:11):
That tax liability.
Speaker 4 (20:13):
It's there's like eight pages of forms that you have
to fill out, and we will do that in certain
cases to see if they're going to be a good
candidate for an innocent spouse defense.
Speaker 3 (20:27):
Lance, your show goes by so fast. Tell people, first
of all, how do they reach you?
Speaker 4 (20:32):
Well, there's numbers at the bottom of the screen. You know,
we have offices in Saint Genevieve, Missouri, Saint Louis, Missouri, Nashville, Tennessee,
and San Antonio, and all the numbers are at the
bottom of this screen. But you can also go to
Lance Dreary law dot com. There's a lot of good
useful information. There's a lot of good content there. So
(20:56):
you can call the office or you can go to
Lance dry Law dot You can check us out either way,
but we're always here for you and we'll accommodate your
needs as best we can.
Speaker 3 (21:08):
And Lance will be with us again next month twice
next month. Plus we also replay his shows, which we're
gonna be doing this Friday at two o'clock Eastern time. Lance,
I love doing the show with you, and listen travel
safe because I know you're getting ready to do a
lot of traveling. And we'll see you next month. Steve.
Speaker 4 (21:29):
It's always a pleasure. I love doing the show with you.
Speaker 3 (21:33):
We love you, Lance. Thanks so much. That's Lance Attorney,
Lance Drury. Give him a call. We're gonna go to
a short break. We'll be right back.
Speaker 2 (21:42):
Thanks for tuning in today to the Ask the Expert
Show on W four CY Radio and Talk for TV.
Tune in next week and every week to hear more
from our experts on personal injury, insurance, air condition repairs,
estate planning, medicare, and many other topics in the areas
of legal, health, financial and home improvement. See you next week.
The topics and opinions expressed in the following show are
solely those of the hosts and their guests and not
those of W FOURCY Radio, it's employees are affiliates. We
make no recommendations or endorsements for radio show programs, services,
or products mentioned on air or on our web. No
liability explicitor implies shall be extended to W FOURCY Radio
or it's employees or affiliates. Any questions or comments should
be directed to those show hosts. Thank you for choosing
(00:21):
W FOURCY Radio.
Speaker 2 (00:26):
Welcome to the Ask the Experts Show on W FOURCY
Radio and Talk for TV, where we bring you educational
information from top local experts in the fields of legal, health,
financial and home improvement. Now sit back and listen to
experts in family law, association, law, hearing laws, business brokers,
(00:47):
home care, along with many other topics. Now here are
your hosts, Spivo and Sophia.
Speaker 3 (00:55):
Hey, good morning, Missouri and Tennessee. Welcome to another sc
expert show. We have got such a great action two
shows this morning. Our first show is becoming one of
our top shows throughout the country. It is we are
getting your emails and I got to tell you a
(01:16):
couple of them said, I don't know if you ever
read these emails, and we do, and we've decided to
dedicate today's show two questions that you've sent in to
our expert attorney, Lance Drury. Folks, this is one of
the finest law firms when it comes to ax resolution.
I am so excited because we've added more shows now,
(01:42):
a lot of them from your request. So let's welcome
our expert, the man from the law firm of Lance Drury,
Lance Drury himself, good morning.
Speaker 4 (01:53):
Good morning, Steve. It's always great to see you. Glad
to be here.
Speaker 3 (01:58):
People love you. They love the way Lance you explain
things to them. And you know, that's why your firm
is so successful, because it starts from the top down.
Speaker 4 (02:10):
Yeah, we've had a lot of great success. We've got
a lot of great practitioners. I have better lawyers now
than I've ever had. The firm has more than a
thousand clients at any one time. We're just going great
guns and we keep getting bigger and bigger all the time.
The last few weeks have exploded and I've been to
(02:33):
San Antonio this month. I just got back from Nashville
last week and Wednesday, Steve, you don't know this. I'm
going to New Jersey for a JO for a two
day seminar on artificial intelligence for law firms because I
might be an old dog, but I got to learn
new tricks if I want to keep up with these young'ins.
Speaker 3 (02:56):
Oh my, so AI is going to have a big
presence in your firm.
Speaker 4 (03:02):
That's correct. We're going to learn it on a lot
of different fronts. And it's not just on AI, but
that's the bulk of it. But you know, you got
to keep up with this. And there's all kinds of
different AI dot COM's now and some of them are
tailored to this need. Others are tailored to a different need.
(03:22):
So I've got to get up on all this so
that i can compete in the marketplace.
Speaker 3 (03:27):
Lance. I want to tell people that, especially if you're
going through problems with the RS, you don't have to
be embarrassed. It happens to millions of people and Lance
is firm. They don't they listen, They understand what you're
going through. It's not something to be embarrassed about. By
(03:52):
doing nothing is going to hurt you more, Isn't that correct?
Speaker 4 (03:56):
That's true. You can't put your head in the sand
when the taxing authority are coming after you, because what's
going to happen is you're going to get wiped out.
I don't think i've told you about what just happened
in Tennessee. We had a gentleman who's been fighting him
for years. He owed one point two million dollars to
the IRS, thought he could do it on his own,
(04:16):
called us up after he had his fourth revenue officer
didn't hire us, and I'm sure that he didn't submit
all the information the revenue officers submitted. They seized all
of his assets, including his requirement account, which was three
hundred thousand plus dollars. When he called back, he said, well,
my wife was supposed to bring the check down I
(04:37):
was out of town. Well guess what I had to
tell him that it's going to be a lot more
uphill now that they've seized those assets from you. So
you know, delay is never a good tactic to take
with the IRS. You can't do this on your own.
Don't be embarrassed. There are twenty six million delinquent taxpayers
(05:00):
in the United States. Wow, And by the year two
thousand and thirty two, there will be thirty five million
delink when taxpayers in the United States, so.
Speaker 3 (05:11):
Incredible, it's this is all our firm does. This is
exactly what your firm does. And I got to tell you,
know what I'm thinking about this person you just told
us about. I bet you he probably gave out a
lot of information he shouldn't have given out.
Speaker 4 (05:29):
Now, that's the other problem is people. It's just like
talking to the cops. You know, your natural inclination is
to talk, and too many people volunteer information that they
don't need to disclose and that just gets them into
bigger trouble.
Speaker 3 (05:45):
Well, let's I got to tell you this show has
becoming probably top three shows now of our thirty five
shows we do, and I base it on amount of
emails that are coming in. People love your show, So
I want to get started. We've got so many questions
throw at you today. Ron in Knottsville wants to know
(06:09):
what do I do if I can't pay my taxes?
Speaker 4 (06:13):
Well, there's not a problem there. You just need to
come to us. It's all based on your ability to
pay the taxes back. So if you can't afford to
pay them back, that's good for you. But you've got
to prove to the irs that you don't have the
ability to pay it back. So it's a lot of
work for us, it's a lot of work for the taxpayer.
You've got to be willing to put in the work,
(06:35):
and we prove that we have to go through financial statements.
That's where you get the biggest bang for your buck
and hiring my firm, because nobody fills them out right.
They're confusing, they're complicated to the average individual, so nobody
fills them out right the first time. We may have
to go through them three, four or five times because
(06:56):
you're submitting those under penalties of perjury. And secondly, guess what,
you give us bad numbers, we're going to give you
bad advice. And then for certain categories of expenses, we're
going to need documentation through bank statements, credit card statements,
debit card statements because we have to prove up certain
categories of expenses. So again, if you're gonna hire us,
(07:19):
just remember you got to do the work. You just
don't pay us the big bucks and we wave a
magic wand and it goes away. I wish you would
I wouldn't have to work every Saturday and Sunday morning.
I drove to my Saint Louis office Saturday to see
a couple people, and yesterday I had two phone calls
in my Saint Genevieve, Missouri office. But you know, there's
(07:40):
a real need for these services and you've got to
be there, and so we accommodate people because I recognize
that a lot of people have to work during the
week and so they can't always talk to you during
the week, so we schedule people on Saturday and Sunday mornings.
Speaker 3 (07:55):
That's not a problem. Hey, speaking of work, because you
also handle axes for companies, especially companies that get in
trouble with the IRS probably calling the irs. Here you
are a business owner and having to sit on the
phone for hours, when all you had to do is
(08:17):
hire a company by lance jury's law firm and let
them handle that. Who went to sell on the phone
for hours waiting on the rs R.
Speaker 4 (08:27):
And in the old days we had to do that,
But now we have special software. We can get through
in three minutes and it's worth every penny. It costs
us a pretty penny, but it's worth it because in
the old days we'd have to sit there, we'd have
to do other work while we were waiting. But you know,
we had the same frustrations as taxpayers. We'd call up,
take two hours to get through, and then they disconnect us.
(08:50):
You know, so that still happens to people. I have
people harmy simply because they're tired of waiting on the
phone for the IRS they can get through to them.
Speaker 3 (09:01):
Here's Gene in Cleveland there, Cleveland, Tennessee.
Speaker 4 (09:06):
That I don't know.
Speaker 3 (09:07):
Yeah, Cleveland, Tennessee. What if I think that my my
IRS bill is wrong? What do I do?
Speaker 4 (09:15):
Well, you need to call us up and we'll get
that rectified. We'll find out. But here's the mistake that
people make when they look at their bill. You got
to remember it's not just the raw tax. There's penalties
and interest. And Steve, if you and I charge with
the IRS charge for penalties and interest, we'd be in
the federal clink. I mean, their penalties and interest are ridiculous.
(09:39):
But guess what, they have the power to do it, so,
you know, they add up quickly. And the older the
tax liability is, the more the penalties and interest are
going to be. So you know, the bill could be wrong.
The IRS is making more mistakes now than they ever have.
I've never seen the IRS this bad. It's very, very frustrating.
(10:01):
We're having to spend more time correcting their mistakes. So
the bill could be wrong, or it could be just
the accumulation of penalties.
Speaker 3 (10:08):
And interest lance. What's going to happen? You know, we
heard about these eighty thousand new agents being hired, and
then we hear about twenty six thousand agents are going
to be let go. What's going on over the IRS?
Speaker 4 (10:23):
Well, I think it's the change with the new administration.
You know, things were slow at the beginning of the year,
and I think people had this misguided notion that Donald
Trump was going to abolish the IRS. He's going he's
not going to abolish the IRS. In fact, this month, no,
(10:44):
And in fact, this month we may have a record month.
Things are just booming, which is unusual in the summer.
But there are all kinds of levy notices out there,
and that's when people call me. So you're you're going
to see a bit big curtailment from Joe Biden's eighty
seven billion and eighty thousand new employees. But the IRS
(11:07):
isn't going away. But here's the problem with this is
that people don't want the IRS to have that many people. Well,
that's fine, but if you've got a problem, guess what
the service is terrible.
Speaker 3 (11:19):
Now.
Speaker 4 (11:20):
You know it's taking two years sometimes for amended returns
to process. It's taking all kinds of time for people
to get this taken care of. And so you know
that's the downside of not funding the IRS properly, is
that if you've got a problem, it's going to take
(11:41):
forever to get it rectified.
Speaker 3 (11:43):
You know, our next and we've talked about this before.
Our next email just shows how much people love your show. Lance.
Here's Shelley in Brentwood, Tennessee. He's writing, your show is
too short, it's not long enough. You know, it's amazing
that you know you've got a great show and people
(12:06):
write that in But her question is, and when we
get all the time, what is an offer and compromise.
Speaker 4 (12:12):
Well, before I answer that question, Shelley, I want you
to know that when Steve told me this, you know
he's told me before that people wish my show was longer.
So I said, Steve, let's do this twice a month,
not once a month. So now we're doing it twice
a month. I got an offer and compromise, and I
got to tell you, Shelley, Unfortunately, most people in Tennessee
(12:35):
don't qualify. But an offering compromise is where you offer
less than the full amount in full satisfaction of the debt.
And of course everybody loves it because once the conditions
of the offer are completed, the liability goes away. But
you've got to be one hundred percent complying for the
next five years. Now, the reason why people in Tennessee,
(12:59):
I'd say maybe two percent of my clients in Tennessee qualify.
And Steve you probably know this, but Nashville is now
the place to be in the Midwest. People are coming
in from California. They're paying two hundred thousand dollars over
the listed price for a home. So everybody in Tennessee's
(13:21):
and Nashville's. My brother lives in spring Hill, forty five
minutes out, and it's the same problem there. But the
homes are a seven hundred and fifty thousand, nine hundred thousand,
And when you do an offer, the IRS is going
to consider your net equity in assets. So guess what
you owe fifty thousand, you owe one hundred thousand, you
(13:42):
owe one hundred and fifty thousand. If you got a
home that the net equity is over half a million,
you're not going to qualify for that offer because that
takes you out of the offer. But the good news
is Shelley, is that there's more than one way to
skin a cat. So you can do what's called a
partial pay installment degree. They may look at the equity
in your home and they may tell you, okay, see
(14:03):
if you can borrow against the home to pay the debt.
Ninety nine percent of the time people can't get a
loan to pay the debt, and we don't want them
to anyway, And then they won't touch the home if
it's your only home. And then it's based upon your
income and your assets. And the partial pay installment agreement
is like an offer and compromise in that you never
(14:25):
pay back the full amount, but it's like an installment
agreement in that you pay on it monthly. So the
reason people don't like that all the time is it
may take five years for the clock to run out
on collections, so you have to pay for five years.
So there's no instant gratification there like there is with
an offer and compromise. But you know, you got to
(14:48):
play the game by the rules and you got to
use whatever tricks you can to get your client the
best possible deal, and unfortunately, in Tennessee, it's tough to
get an offer and compromise accepted.
Speaker 3 (15:00):
Robert Hendersonville, Tennessee. I am listening to your show for
a friend of mine who is going to be calling
you because he is now going through a collection due
process hearing. What is that?
Speaker 4 (15:16):
Okay, a collection due process hearing is it's a way
to stop the levee. It's you know, when they send
you a final notice of intent to levy, they will
send you the farm for a collection due process hearing.
That puts a pause on them not issuing the levee.
They can't issue it while the collection due process hearing
(15:39):
is pending. You can buy yourself at least six to
nine months. And yes, he needs professional assistance with that
because you're going to go through financial statements. Nobody fills
those out completely correct, so you do need professional guidance
to do that. You don't want to talk to the
irs yourself. You're going to have a settlement officer for that.
(16:02):
But here's the other problem. When I say six to
nine months, that could be longer. I just had one
with a guy. Ninety thousand dollars falls off in September.
The irs is less than three months to collect. It
took three appeals officers. They kept switching it to a
different appeals officer, but we didn't care because the clock
(16:23):
was running. But we didn't file a collection due process hearing. Now,
if if the collection statute is close to expiring, let's
say a year or less, maybe even longer, you don't
want to file a collection due process hearing request. You
want to file an equivalency hearing request. Because when you
file the collection due process hearing request, that stops the
(16:47):
clock on collections. But if you file an equivalency hearing request,
the clock doesn't stop during that whole time, so it
just depends. And this is why people need professional GUIDs.
I got to tell you, Steve, in the old days,
when I was just a small town lawyer in my
prior life, because I'm not a youngster anymore. As you
(17:08):
can see, I spend fifteen hours a year on continuing
legal education. Now, I and by eight other lawyers in Missouri, Tennessee,
Los Angeles, and Orlando, Florida. We spend a minimum, a
minimum of fifty to one hundred hours a year or
(17:29):
more just keeping up on this because that's what you
have to do. They're a bureaucracy. Things change all the time,
Procedures changed all the time. And if you don't want
to harm me, hoire an attorney, go local. Horre an attorney.
I got six people in my Nationville office. I was
there last week. Don't hire an account and accountants are
(17:50):
great with the numbers, but they just gabble in this stuff.
And all my attorneys have seen accountants give horrendous advice
to people that have really cost them a lot of money.
I just add a woman the other day said she
talked to he acount, Oh, well, we'll get you set
up on thirteen hundred dollars a month. She's on disability,
(18:12):
she's not going to have to pay all this back.
He was just telling her to go in and set
up a full pay agreement. Eighty five to ninety percent
of our clients never pay back the full of map.
But you've got to prove to the irs that you
don't have the ability to pay all this back. So
get professional help. Get somebody that does this every single day.
(18:33):
If you need to go to my website, you'll see
the books I've co authored, the speeches I've given across
the country, the award I won in twenty sixteen. Look
at the testimonials in Tennessee. We're a four point nine
out of five in Google reviews. But if you don't
hire my firm, get an attorney that does this every
(18:54):
single day.
Speaker 3 (18:55):
Ben in Columbia, Missouri, thank you so much for giving
your time to do a show like this. I heard
a phrase the other day called innocent spouse when it
refers to taxes. What is that?
Speaker 4 (19:09):
Innocent spouse is where you file the return jointly with
your spouse. But you're basically saying I didn't have anything
to do this just because the tax was incurred by
the other spouse is not enough. I'll give you an example.
I had a woman in Festus, Missouri. And if you
live in Columbia, you may know where Festus is. That's
(19:30):
about thirty minutes south of Saint Louis. And the husband
had a business, but he took care of all the
financial affairs. She wasn't aware of any of this. She
filed for divorce farm all of these allegations were pled
in the divorce, and we got her off of one
hundred thousand dollars in tax liability by showing that she
(19:54):
did not have knowledge of this, that the husband hid
things from her, so she walked away with owing the
irs nothing. So it's a situation where you're basically kept
in the dark over what's going on in terms of
what the other spouse is doing and incurring.
Speaker 3 (20:11):
That tax liability.
Speaker 4 (20:13):
It's there's like eight pages of forms that you have
to fill out, and we will do that in certain
cases to see if they're going to be a good
candidate for an innocent spouse defense.
Speaker 3 (20:27):
Lance, your show goes by so fast. Tell people, first
of all, how do they reach you?
Speaker 4 (20:32):
Well, there's numbers at the bottom of the screen. You know,
we have offices in Saint Genevieve, Missouri, Saint Louis, Missouri, Nashville, Tennessee,
and San Antonio, and all the numbers are at the
bottom of this screen. But you can also go to
Lance Dreary law dot com. There's a lot of good
useful information. There's a lot of good content there. So
(20:56):
you can call the office or you can go to
Lance dry Law dot You can check us out either way,
but we're always here for you and we'll accommodate your
needs as best we can.
Speaker 3 (21:08):
And Lance will be with us again next month twice
next month. Plus we also replay his shows, which we're
gonna be doing this Friday at two o'clock Eastern time. Lance,
I love doing the show with you, and listen travel
safe because I know you're getting ready to do a
lot of traveling. And we'll see you next month. Steve.
Speaker 4 (21:29):
It's always a pleasure. I love doing the show with you.
Speaker 3 (21:33):
We love you, Lance. Thanks so much. That's Lance Attorney,
Lance Drury. Give him a call. We're gonna go to
a short break. We'll be right back.
Speaker 2 (21:42):
Thanks for tuning in today to the Ask the Expert
Show on W four CY Radio and Talk for TV.
Tune in next week and every week to hear more
from our experts on personal injury, insurance, air condition repairs,
estate planning, medicare, and many other topics in the areas
of legal, health, financial and home improvement. See you next week.
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