PODCAST · business
Resilience and Resolve with Lance Drury
by resilienceandresolve
Resilience and Resolve with Lance Drury: Understanding the Basics of Tax Resolution
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Dealing with IRS Payment Plan Defaults
Episode Summary: Attorney Lance Drury sheds light on what happens when an IRS payment plan defaults and how taxpayers can rectify the situation before it escalates. From the implications of defaulting to practical steps for recovery, Lance provides valuable insights for individuals navigating tax payment challenges. Key Timestamps: 00:00 – Introduction 01:30 – Consequences of IRS Payment Plan Default 04:15 – Common Causes of Payment Plan Failures 07:20 – Addressing IRS Administrative Challenges 09:45 – Rapid Actions by the IRS Post-Default 12:10 – Success Stories of Resolving Defaulted Plans 15:40 – Immediate Steps for Taxpayers Post-Default 18:00 – Proactive Strategies to Prevent Future Defaults About the Show: *Resilience and Resolve* is a podcast series dedicated to providing expert guidance on tax-related challenges, offering practical solutions and insights to empower listeners in navigating complex tax issues successfully.
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Handling Difficult Clients in Tax Resolutions
Episode Summary: Lance Drury discusses the challenges of working with difficult clients in tax resolution cases, emphasizing the need to manage expectations and maintain clear communication. From setting boundaries to navigating unrealistic client demands, Lance shares insights on client interactions in high-stress financial situations. Key Timestamps: 00:00 – Introduction 01:30 – Pressure Points with IRS Disputes 03:45 – Managing Unrealistic Client Expectations 05:20 – Importance of Regular Client Communication 07:10 – Challenges with Lower-Paying Cases 09:05 – Setting Boundaries Early on 11:15 – Delaying Resolutions for Better Client Outcomes 13:40 – Putting Everything in Writing for Documentation 15:50 – Practical Steps for Regaining Control of a Case About the Show: *Resilience and Resolve* is a podcast hosted by Lance Drury, focusing on navigating high-stress tax resolution cases and providing insights into handling difficult clients effectively.
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IRS Bank Account Freezes: What Really Happens When the IRS Hits Your Bank
Episode Summary: Discover what happens when the IRS freezes a bank account and the steps individuals can take when facing this financial emergency. Learn about the differences between IRS and state levies, the timeline for levy actions, and the importance of proactive communication with the IRS to resolve financial issues swiftly. Key Timestamps: 00:00 – Introduction 01:14 – Definition of IRS Bank Levy 02:45 – State vs. IRS Levy Differences 04:20 – Notice and Sequence of IRS Letters 06:10 – Control Over Frozen Account 07:45 – Temporary Nature of Bank Levy 09:30 – Immediate Steps After Account Freeze 11:05 – Preventing Levy Escalation 12:40 – Information Gathering Post-Freeze 14:20 – Success Story Resolving Bank Levies 16:30 – Avoiding Bank Freeze: Important Steps About the Show: *Resilience and Resolve* is your go-to resource for navigating IRS issues and financial challenges. Led by experienced professionals, the show aims to empower individuals facing tax-related difficulties with actionable strategies and expert insights to regain financial stability.
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Wage Garnishment Explained: How the IRS Gets Into Your Paycheck and How to Stop It
Episode Summary: Attorney Lance Drury delves into the intricate world of wage garnishment by the IRS, shedding light on how it impacts individuals and the steps they can take to halt it. From the implications of wage garnishment to the crucial importance of timely action, this episode offers essential insights for anyone facing this financial challenge. Key Timestamps: 00:00 – Introduction 01:30 – Definition of wage garnishment 03:15 – Triggers for IRS wage garnishment 05:45 – Severity of wage garnishment 07:20 – Consequences of ignoring IRS notifications 09:05 – Real-life impact of wage garnishment 11:40 – Options to reduce the wage garnishment amount 13:55 – Importance of hiring a tax professional 15:30 – Effect of communication with the IRS 17:10 – Benefits of an installment agreement 18:45 – Preventive measures to avoid wage garnishment About the Show: *Resilience and Resolve* is a podcast series dedicated to providing invaluable insights and strategies for navigating legal and financial challenges. Join Attorney Lance Drury as he shares expert advice and solutions to empower individuals facing tax-related issues and more.
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Time Mastery For Attorneys: Staying Productive Without Burning Out
Episode Summary: In this episode, Lance Drury shares insights on how attorneys can effectively manage their time without burning out. Drawing from his experience as a public defender and now a successful attorney managing multiple offices, Lance emphasizes the importance of prioritizing tasks, focusing on revenue-generating activities, and leveraging technology like artificial intelligence to streamline processes. Key Timestamps: - 00:00 – Introduction - 03:45 – Challenges faced in early career stages - 07:20 – Differentiating between busyness and productivity - 09:55 – Importance of prioritizing revenue officer cases - 14:30 – Dealing with interruptions while maintaining workflow - 18:10 – The significance of taking breaks and rest for improved productivity - 22:40 – Starting points for overwhelmed attorneys to regain control of their schedules About the Show: *Resilience and Resolve* is a podcast that delves into the challenges attorneys face in managing their time effectively, offering practical tips and strategies to enhance productivity and prevent burnout. The show provides valuable insights for legal professionals looking to optimize their workflow and achieve sustainable success in their careers.
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Building Referral Networks: Why Relationships Fuel Growth
Episode Summary: In this episode of *Resilience and Resolve*, Lance Drury shares valuable insights on the power of referral networks in growing a legal practice. From leveraging relationships with professionals to fostering trust, Lance provides practical strategies for attracting consistent referrals and expanding your client base. Key Timestamps: 00:00 – Introduction 01:30 – Early referral sources and building trust 03:45 – Importance of relationships with business professionals 06:20 – Creating a productive referral network 08:10 – Identifying strong referral partners 10:05 – Nurturing referral relationships over time 12:15 – Approaching referral conversations authentically 14:30 – Advice for young attorneys on building referral networks 16:40 – The significance of marketing and delivering exceptional service About the Show: *Resilience and Resolve* with Lance Drury explores the strategies and principles that lawyers can implement to enhance their practice and achieve long-term success. Join Lance Drury as he delves into topics such as legal marketing, client relationships, and professional growth to help attorneys thrive in a competitive industry.
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From Solo to Team: Knowing When It’s Time to Hire
Episode Summary: In this episode of *Resilience and Resolve*, Lance Drury shares his journey from running a solo practice to leading a successful team. He discusses the pivotal moments that led him to realize the importance of hiring help and the challenges he faced along the way. Lance emphasizes the shift in mindset required to transition from a practitioner to an entrepreneur, offering valuable insights for attorneys looking to grow their practices. Key Timestamps: - 00:00 – Introduction - 01:45 – Knowing when to hire help - 04:10 – Signs that prompted hiring decisions - 07:25 – Strategic growth through hiring - 10:15 – Navigating concerns and planning for the future - 13:40 – Importance of delegation and focusing on strategic tasks - 16:55 – Embracing remote hiring for strategic expansion - 19:30 – Advice for solo practitioners considering growth About the Show: *Resilience and Resolve* with Lance Drury focuses on the journey of legal professionals navigating challenges and achieving success in their practices. The show delves into the stories and strategies of attorneys overcoming obstacles and thriving in the legal industry.
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Serving Clients Across States: The Challenges of a Multi-Office Practice
Episode Summary: Attorney Lance Drury shares how he expanded his tax resolution law firm beyond Missouri into multiple states — including Nashville, San Antonio, and Houston. He talks about scaling through virtual offices, maintaining client communication across locations, and building a strong culture rooted in trust and accountability. Lance also explains how he keeps compliance in check, hires the right team, and balances growth with quality service. Key Timestamps: 00:00 – Lance shares what inspired his expansion beyond Missouri 02:00 – Choosing Nashville as the first expansion market 03:30 – Building from rented office space to full operations 05:00 – Why client communication drives the firm’s success 06:30 – Staying compliant across different state regulations 08:00 – How the team stays connected across offices 09:30 – Creating a strong firm culture and supporting staff 11:00 – Advantages of operating in multiple regions 12:30 – Tips for attorneys expanding into new markets 14:00 – The biggest rewards and challenges of managing growth About the Show: Tax Resolution Talk with Attorney Lance Drury explores how attorneys can build successful, scalable practices while helping clients navigate complex IRS issues. Each episode dives into business growth, leadership, and lessons learned from decades in tax law.
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The Power of Delegation: Freeing Yourself to Focus On What Matters Most
Episode Summary: In this episode of Tax Resolution Talk, Attorney Lance Drury shares how learning to delegate transformed his law firm from a small-town practice into a multi-office operation serving clients across the country. He discusses why lawyers must think like entrepreneurs, how trusting his team freed him to focus on strategy, and the mindset shifts that helped him scale without losing control. Lance also reveals how delegation led to expansion in multiple states and a thriving nationwide tax resolution practice. Key Timestamps: 00:00 – Lance discusses the importance of delegation in law firm growth 01:45 – Letting go of control and trusting his team 03:30 – How giving up consultations freed up his time for strategy 05:00 – Overcoming fear and taking calculated risks in business 07:00 – Building confidence in team performance and decision-making 08:45 – Creating a culture of trust, longevity, and flexibility in his firm 10:15 – Shifting to virtual offices and reducing overhead costs 12:00 – Why delegation empowers employees and drives success 13:30 – How remote work and team autonomy helped expand operations 14:30 – The power of word-of-mouth and building a nationwide presence About the Show: Tax Resolution Talk with Attorney Lance Drury explores the business and practice of tax law, offering insights for lawyers and entrepreneurs on leadership, firm growth, and effective client service. Each episode shares real strategies from decades of experience helping taxpayers resolve disputes with the IRS.
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Client Expectations: Promising Results Without Overpromising
EPISODE SUMMARY: In this episode, Lance Drury shares his approach to balancing honesty and encouragement when guiding clients through IRS tax disputes. With decades of experience in tax resolution, Lance explains why transparency and credibility are critical in every case. He discusses how to manage expectations, avoid false promises, and maintain trust with clients under pressure. From understanding IRS timelines to preventing garnishments and levies, Lance offers straightforward advice for both clients and practitioners on how to achieve real results while staying ethical and realistic. KEY TIMESTAMPS: 00:30 Setting realistic expectations from the first meeting 02:00 Why false promises damage attorney credibility 03:30 Handling “tax protester” clients and ethical representation 05:15 Balancing honesty with reassurance and professional support 06:30 Explaining IRS timelines and client cooperation challenges 08:15 Maintaining client trust when cases take longer than expected 09:45 Resetting expectations mid-case and adapting to new information 10:30 Building reputation through honesty and integrity About the Show: Resilience and Resolve features Lance Drury helps individuals and small business owners fight back when the IRS comes calling. With over 20 years of experience, Attorney Lance Drury shares expert strategies to protect assets, prevent tax problems, and build financial peace of mind.
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Reputation and Referrals: Why Trust is Still the Best Marketing Strategy
Episode Summary: In this episode of Resilience and Resolve, Lance Drury explores the power of reputation, relationships, and referrals in building a successful law practice. With nearly two decades of experience handling IRS disputes, Lance shares why credibility and trust are more valuable than any advertisement and how client communication, results, and consistency have fueled his firm’s growth across multiple states. Timestamps: 00:00 – The importance of trust from the very first meeting 02:00 – How communication builds credibility and long-term relationships 04:00 – Turning difficult client situations into trust and loyalty 06:00 – How Lance built his reputation early in his career 08:00 – The role of newsletters and radio in generating referrals 10:00 – Why referrals from accountants and attorneys are key to growth 12:00 – The limitations of advertising and the power of results 14:00 – Low-cost ways attorneys can market themselves effectively 15:00 – Protecting your reputation through transparency and integrity 16:00 – Why referrals and trust will continue to drive firm growth About the Show: Resilience and Resolve features Lance Drury helps individuals and small business owners fight back when the IRS comes calling. With over 20 years of experience, Attorney Lance Drury shares expert strategies to protect assets, prevent tax problems, and build financial peace of mind.
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Tax Court Basics: What Happens If You Take the IRS to Court
Episode Summary: In this episode, Lance Drury breaks down one of the most misunderstood areas of tax law — the U.S. Tax Court. With nearly two decades of experience helping individuals and businesses navigate complex IRS disputes, Lance explains when taxpayers may find themselves in tax court, what to expect from the process, and why professional representation is critical. He shares real-world examples, practical advice, and key lessons that can make the difference between success and costly mistakes when facing the IRS. Key Timestamps: 00:00 – Introduction to the U.S. Tax Court and why it matters 01:25 – When tax disputes move into court 02:40 – How tax court differs from civil or criminal court 04:15 – Common misconceptions about what happens in tax court 05:30 – The importance of deadlines and timely filing 06:45 – Why taxpayers should not represent themselves 08:00 – Real success story from a tax court case 09:00 – The risks of handling a case without legal expertise 10:00 – Lance’s advice for anyone who’s received a notice of deficiency About the Show: Resilience and Resolve features Lance Drury helps individuals and small business owners fight back when the IRS comes calling. With over 20 years of experience, Attorney Lance Drury shares expert strategies to protect assets, prevent tax problems, and build financial peace of mind.
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Leadership in Law: From Public Defender to Law Firm CEO
Summary: In this episode of Resilience and Resolve, Lance Drury reflects on the leadership lessons he’s learned throughout his career — from rebuilding a struggling public defender’s office to leading a multi-state tax resolution practice. He shares how to inspire teams, balance business growth with client care, and maintain focus through challenging times. Lance also discusses how communication, culture, and delegation form the foundation of strong legal leadership. Timestamps: 00:00 – From public defender to law firm CEO: Lance’s leadership journey 02:00 – Lessons from rebuilding a struggling public defender’s office 04:00 – Transitioning from handling cases to managing a growing practice 06:00 – Learning from early leadership mistakes 08:00 – Keeping teams steady during high-pressure IRS cases 09:00 – Why communication is central to client trust and satisfaction 10:00 – How leadership shapes firm culture and employee loyalty 12:00 – Advice for young lawyers stepping into leadership roles 13:00 – The resilience and resolve required to lead through challenges Show Description: Lance Drury shares how his early experiences as a public defender shaped his leadership philosophy and approach to running a successful law firm. When faced with rebuilding an entire office from the ground up, Lance learned that true leadership is built on resilience, accountability, and an unwavering commitment to clients. Now, as the head of a multi-state practice, Lance explains how he balances management with mentorship, why delegation is crucial for growth, and how culture and communication keep his team aligned. He also reveals his top lessons for young lawyers — from hiring the right people to embracing flexibility and treating employees like family. Through decades of practice, one principle remains constant for Lance: when challenges arise, you keep moving forward.
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Scaling a Law Firm Without Losing Your Sanity
Episode Summary: In this episode of Resilience and Resolve, Lance Drury dives into the challenges and strategies of scaling a law firm while maintaining control, quality, and peace of mind. From his early days as a solo practitioner to managing a multi-state practice, Lance reveals how he learned to delegate effectively, hire the right people, embrace technology, and grow strategically without compromising his firm’s mission. Timestamps: 00:00 – How Lance’s journey from small-town lawyer to national tax resolution leader began 02:00 – What scaling looked like in the early days of the firm 03:00 – Why taking calculated risks is essential for growth 04:00 – Shifting from brick-and-mortar to virtual offices 06:00 – Lessons learned from managing a growing team 08:00 – Why hiring the right people matters more than ever 10:00 – How financial planning fuels sustainable expansion 12:00 – The technology that keeps operations running smoothly 13:00 – Hiring smarter with headhunters and long-term talent strategies 14:00 – Lessons on leadership, risk-taking, and future expansion plans About the Show: Resilience and Resolve features Lance Drury helps individuals and small business owners fight back when the IRS comes calling. With over 20 years of experience, Attorney Lance Drury shares expert strategies to protect assets, prevent tax problems, and build financial peace of mind.
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The Business Side of Law: What They Don’t Teach in Law School
Episode Summary: In this episode of Resilience and Resolve, Lance Drury shares what law school never prepared him for — running a law firm like a business. Drawing from decades of experience, he discusses how to market effectively, build the right team, and think like an entrepreneur. Lance also offers insight into his firm’s national expansion, the importance of financial management, and why every attorney should embrace modern tools like artificial intelligence to stay competitive. Timestamps: 00:00 – Why running a law firm requires more than legal skills 02:00 – Realizing the difference between law and business 04:00 – How marketing and radio helped launch a successful practice 05:00 – Lessons learned from taking calculated risks 07:00 – Expanding into major markets across the U.S. 09:00 – Why lawyers must think like entrepreneurs 10:00 – Building the right legal team and hiring strategies that work 12:00 – How marketing and referrals built a national reputation 13:00 – Keeping a law firm financially healthy 14:00 – The importance of tracking ROI and adapting marketing methods 15:00 – Balancing leadership, innovation, and long-term vision About the Show: Resilience and Resolve features Lance Drury helps individuals and small business owners fight back when the IRS comes calling. With over 20 years of experience, Attorney Lance Drury shares expert strategies to protect assets, prevent tax problems, and build financial peace of mind.
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Building a Practice Around a Niche: Why Tax Law Became My Focus
Episode Summary: In this episode of Resilience and Resolve, Lance Drury shares his journey from criminal defense to becoming one of the leading tax resolution practitioners in the country. He explains how focusing on one area of law—tax resolution—helped him grow a thriving multi-location practice and serve clients more effectively. Lance also discusses the evolution of his business mindset, the importance of specialization in modern law, and how embracing marketing, media, and risk-taking can transform a small practice into a scalable firm. Timestamps: 00:00 – Why Lance transitioned from criminal defense to tax law 02:00 – Discovering tax resolution and building a practice from scratch 05:00 – Expanding the firm into multiple states 07:00 – Why specializing beats being a generalist 09:00 – Challenges of building a successful law firm 10:00 – Understanding small business clients and their tax struggles 12:00 – Marketing strategies that built the firm’s visibility 13:00 – Treating the law firm as a business, not just a practice 14:00 – The biggest lessons from committing to one niche About the Show: Resilience and Resolve features Lance Drury helps individuals and small business owners fight back when the IRS comes calling. With over 20 years of experience, Attorney Lance Drury shares expert strategies to protect assets, prevent tax problems, and build financial peace of mind.
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Self-Employed Estimated Tax Pitfalls
Episode Summary: Attorney Lance Drury explains the common mistakes self-employed individuals make with estimated taxes—and how to avoid them. From commission-based income to quarterly tax rules, he breaks down how late or missed payments can spiral into IRS debt and penalties. He also shares practical steps to stay compliant, protect income, and avoid long-term tax trouble. Key Timestamps: 00:00: Understanding estimated tax requirements for self-employed individuals 01:30: How commission-based earners fall behind on taxes 03:00: Missed payments, bad timing, and lack of planning 05:00: How IRS calculates late fees and interest 06:30: Using a separate account for quarterly taxes 08:00: Realtors and other commission-based workers 09:30: What to do if you’ve missed or underpaid 11:00: Lance’s three-step plan to protect clients 13:30: Where to start if you’re already behind About the Show: Resilience and Resolve features Lance Drury helps individuals and small business owners fight back when the IRS comes calling. With over 20 years of experience, Attorney Lance Drury shares expert strategies to protect assets, prevent tax problems, and build financial peace of mind.
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Trust Fund Recovery Penalty Appeals: Fighting Personal Liability
Episode Summary In this episode of Resilience and Resolve, Lance Drury, breaks down what every small business owner needs to know about the Trust Fund Recovery Penalty (TFRP) — and how to protect personal assets when payroll taxes go unpaid. Lance explains who can be held personally liable, how the IRS identifies responsible parties, and why business owners should never handle these cases alone. He also shares key mistakes to avoid, insights on appealing a TFRP, and practical steps for anyone facing personal liability for payroll tax debt. Key Timestamps 00:00 – What the Trust Fund Recovery Penalty is and when it applies 02:00 – Why business owners can be personally liable for payroll taxes 04:00 – How the IRS determines who the “responsible party” is 06:00 – What happens after a TFRP is proposed 08:00 – Common mistakes when trying to fight or ignore a TFRP 10:00 – The importance of hiring the right tax professional 12:00 – How the appeal process works and when it makes sense 14:00 – Why small business owners must stay compliant and informed About the Show Resilience and Resolve features Lance Drury, a seasoned tax attorney helping individuals and small business owners fight back against the IRS. Each episode delivers clear, practical advice on resolving tax disputes, protecting assets, and staying compliant with federal tax laws.
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IRS Substitute Returns: What You Didn’t File Could Come Back to Haunt You
Episode Summary In this episode of Resilience and Resolve, Lance Drury, a seasoned tax attorney based in Missouri, explains what happens when the IRS files a Substitute for Return (SFR) on your behalf — and why ignoring it can lead to serious financial consequences. Lance shares how SFRs are created, why the numbers are often inaccurate, and how taxpayers can correct or override them by filing their own returns. He also explains the risks of waiting too long, how to prevent levies and wage garnishments, and the steps to take if you discover the IRS has filed one for you. Key Timestamps 00:00 – What an IRS Substitute for Return (SFR) is and why it’s issued 02:30 – Why SFR numbers are often inflated and inaccurate 04:00 – How filing your own return can override an SFR 06:00 – What happens if you ignore an SFR and don’t file 08:00 – How SFRs can trigger IRS actions like levies and garnishments 10:00 – Why IRS staffing shortages cause delays and inconsistencies 12:00 – Lance’s advice for taxpayers who haven’t filed for several years About the Show Resilience and Resolve features Lance Drury, a Missouri-based tax attorney helping individuals and small business owners fight back against the IRS. Each episode covers practical strategies for resolving tax problems, stopping levies and garnishments, and protecting what matters most.
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Tax Planning for People Who’ve Already Fallen Behind
Episode Summary: In this episode, Lance breaks down what to do when you’re already behind on your taxes and feel buried by IRS debt. Instead of focusing on theory or prevention, he explains how to create a real plan for recovery — even if you owe money or haven’t filed in years. From becoming compliant to avoiding the most common mistakes self-employed individuals make, Lance walks through the exact steps to get back on track and stay there. What You’ll Learn in This Episode: Why compliance is the first step toward any IRS negotiation. The biggest mistake self-employed people make when trying to fix tax debt. How estimated tax payments can actually reduce what you owe. Why paying monthly is smarter than waiting for quarterly deadlines. How the Offer in Compromise really works (and who qualifies). Practical habits to avoid falling behind again — and how to stay compliant long term. Key Timestamps: 00:00 – Introduction: Tax planning when you’re already in trouble. 01:10 – The first step to recovery — becoming IRS compliant. 03:25 – The most common mistake self-employed people make when repaying tax debt. 05:40 – How estimated tax payments help you pay less overall. 07:50 – Why monthly payments beat quarterly deadlines. 09:30 – Understanding the Offer in Compromise — and why most people don’t qualify. 12:45 – Smart tax habits that prevent future debt. 14:30 – Final advice for anyone currently struggling with the IRS. 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.
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Do You Need a Tax Attorney or a CPA? Know Who to Call and When
Episode Summary In this episode of Resilience and Resolve, Lance Drury breaks down one of the most common tax questions small business owners and individuals face — when to hire a CPA and when to seek a tax attorney. He explains the key differences between CPAs, tax preparers, and attorneys, and why the wrong choice could cost you more than money. Lance also shares why experience, representation rights, and attorney–client privilege matter when dealing with the IRS. What You Will Learn in This Episode The difference between a CPA, tax preparer, and tax attorney When to hire a tax attorney instead of a CPA or enrolled agent The risks of letting unqualified professionals handle serious IRS matters Why attorney–client privilege offers stronger protection than accountant confidentiality How strong communication and early legal intervention can prevent tax issues from escalating Common red flags that mean it’s time to bring in a tax attorney Key Timestamps 00:00 – 02:00 — Introduction to the episode and topic overview 02:01 – 05:00 — The real difference between CPAs, tax preparers, and attorneys 05:01 – 08:00 — Why some professionals give harmful IRS advice 08:01 – 10:00 — How legal training and negotiation skills protect clients 10:01 – 12:00 — The power of attorney–client privilege in IRS cases 12:01 – 14:00 — Why poor communication between clients and representatives leads to problems 14:01 – 16:00 — When to hire a tax attorney before issues escalate 16:01 – 18:00 — Final advice from Lance Drury for individuals and businesses facing tax troubles 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. For more information or to schedule a consultation, visit lancedrurylaw.com.
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Small Business Bookkeeping Mistakes That Lead to Tax Problems
Episode Summary In this episode, Lance Drury discusses how small bookkeeping mistakes can quickly turn into serious tax problems for business owners. He explains the most common errors he sees, how to avoid red flags that trigger audits, and the right way to separate personal and business finances. Lance also shares what to do if your records are disorganized and how working with a professional accountant can save you from costly penalties down the line. What You Will Learn in This Episode The most common bookkeeping mistakes that trigger IRS audits Why mixing personal and business finances is a major red flag How missing documentation can cost you deductions during an audit Industries most vulnerable to state and federal audits Steps to fix disorganized records and maintain clean books Why hiring an accountant is a smart investment for small business owners Key Timestamps 00:45 – The biggest bookkeeping mistake small business owners make 02:20 – Why mixing personal and business accounts can create IRS issues 04:30 – Common red flags that attract audits 06:10 – How disorganization leads to tax problems 08:00 – Industries often targeted for audits and why 09:45 – How to clean up your books and move forward 11:00 – The value of hiring a professional accountant 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.
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Tax Debt After a Natural Disaster: What Relief Is and Isn’t Available
Episode Summary In this episode, Lance Drury explains what to do if the IRS shows up at your home or business. He breaks down why direct contact with revenue officers can be so intimidating, the common mistakes taxpayers make when speaking to the IRS, and how to protect yourself from scams and liability. If you’ve ever wondered what rights you have during an unexpected IRS visit, this conversation will prepare you. What You Will Learn in This Episode Why you should never speak directly to the IRS without representation. The role of revenue officers and what triggers in-person visits. The types of questions and documentation the IRS looks for. How to protect yourself from scams disguised as IRS contact. Why separating personal and business bank accounts is critical. What rights taxpayers have when refusing to answer IRS questions. How fear and panic can lead to costly mistakes with the IRS. Key Timestamps 00:45 – How often the IRS really shows up in person. 02:20 – Why taxpayers should never talk directly to revenue officers. 04:10 – Common tactics IRS agents use to get information. 06:05 – Importance of separating business and personal bank accounts. 08:20 – Understanding your rights when refusing to answer IRS questions. 09:40 – How to spot IRS scams and fake notices. 11:20 – A $40,000 mistake: when a taxpayer spoke to the IRS on his own. 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.
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The IRS and Your Passport: Can Back Taxes Really Stop You from Traveling?
Episode Summary In this episode of Resilience and Resolve, tax attorney Lance Drury explains how unpaid tax debt can put your passport at risk. With decades of experience defending individuals and business owners against the IRS, Lance breaks down what qualifies as “seriously delinquent tax debt,” how the IRS works with the State Department to restrict passports, and the practical steps taxpayers can take to protect their right to travel. Whether you’re planning an international trip, renewing your passport, or simply want to understand the risks of ignoring tax obligations, this episode provides essential insights into avoiding costly mistakes and safeguarding your freedom to travel. Key Moments 00:01 – Lance Drury explains how tax debt impacts passport renewal and travel rights. 00:03 – The short-term and long-term strategies to protect passports. 00:05 – What qualifies as “seriously delinquent tax debt.” 00:07 – How IRS certifications to the State Department work. 00:08 – Why random audits happen and how expenses raise red flags. 00:10 – Strategies to reverse passport revocation and keep travel rights intact. 00:11 – Lance Drury’s advice for taxpayers with upcoming international trips. About the Show Resilience and Resolve is a podcast dedicated to guiding taxpayers through complex IRS challenges with clarity and confidence. Featuring tax attorney Lance Drury, the show offers practical insights to manage tax debt, navigate relief options, and develop effective long-term strategies to achieve financial stability.
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What Happens If You Ignore the IRS?
Episode Summary In this episode of Resilience and Resolve, tax attorney Lance Drury discusses the serious risks of ignoring the IRS. From liens and levies to passport restrictions and mounting penalties, he explains why silence can make matters much worse. Drawing on over 20 years of experience defending taxpayers, Drury shares practical insights, common mistakes, and the critical steps individuals and business owners must take to protect their financial freedom. Key Timestamps 0:45 – Why so many taxpayers ignore IRS letters and notices 2:10 – The unpredictable nature of IRS bureaucracy 3:15 – How ignoring notices leads to levies, wage garnishments, and bank seizures 4:30 – The dangers of substitute returns filed by the IRS 6:25 – Passport revocations for delinquent taxpayers 7:20 – How penalties and interest double IRS debt in less than eight years 8:55 – When the 10-year collection statute works in a taxpayer’s favor 10:15 – Why ignoring IRS letters creates bigger problems and how to respond 11:30 – The first steps toward resolution and settling for less than the full amount About the Show Resilience and Resolve is a podcast dedicated to guiding taxpayers through complex IRS challenges with clarity and confidence. Featuring tax attorney Lance Drury, the show offers practical insights to manage tax debt, navigate relief options, and develop effective long-term strategies to achieve financial stability.
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IRS Revenue Officers: What They Do and How to Handle Them
Episode Summary An IRS revenue officer is one of the most intimidating figures a taxpayer can face. In this episode of Resilience and Resolve, tax attorney Lance Drury explains who IRS revenue officers are, when they get assigned to a case, and how taxpayers should respond when one comes calling. Lance Drury breaks down the difference between dealing with automated IRS collection systems versus revenue officers, the types of cases that trigger their involvement, and the serious risks of ignoring them. He also shares stories of clients who faced aggressive IRS enforcement, including levies on bank accounts and wages, and how his firm was able to negotiate favorable outcomes. This episode offers practical guidance on protecting assets, avoiding costly mistakes, and why seeking professional representation is critical when dealing with revenue officers. Key Timestamps 01:20 – Why revenue officers are more aggressive than automated IRS systems 03:05 – The IRS “hurry up and wait” process explained 05:00 – When an IRS revenue officer gets assigned: thresholds and triggers 06:10 – Payroll tax cases and the trust fund penalty risk for business owners 08:15 – Real case example: lifting million-dollar levies in under 30 days 09:45 – Why taxpayers should never speak directly to revenue officers 11:00 – The dangers of ignoring a revenue officer and potential consequences 12:15 – How legal representation changes IRS negotiations 13:30 – Final advice for overwhelmed taxpayers facing IRS action About the Show Resilience and Resolve is a podcast dedicated to guiding taxpayers through complex IRS challenges with clarity and confidence. Featuring tax attorney Lance Drury, the show offers practical insights to manage tax debt, navigate relief options, and develop effective long-term strategies to achieve financial stability.
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IRS Levies Vs. Liens: What’s The Difference And Why It Matters
Episode Summary In this episode of Resilience and Resolve, tax attorney Lance Drury breaks down one of the most common areas of confusion among taxpayers—understanding the difference between an IRS lien and an IRS levy. While these two terms are often used interchangeably, they carry very different legal and financial consequences. Attorney Drury explains how liens affect property and credit, how levies lead to actual seizure of income and assets, and what steps individuals can take to fight back. He highlights critical safeguards, the importance of timely response to IRS notices, and strategies for negotiating with the IRS to protect wages, bank accounts, and property. If you’ve ever wondered what the IRS can and cannot take—or how to stop a levy before it drains your bank account—this episode offers clear, practical insights. Key Timestamps 00:56 – Breaking news: Lance Drury expands his practice with a new San Antonio office 02:10 – IRS lien explained: what it is, where it’s filed, and how it impacts property sales 03:25 – IRS levy explained: how bank accounts, wages, and Social Security can be seized 05:15 – How IRS resource shortages have led to lien release delays 07:00 – Why levies are more aggressive and how they impact daily life 09:10 – Warning letters and IRS notice requirements before a levy is enforced 10:45 – Options for removing or reducing the impact of a lien 11:55 – Steps to take if already hit with an IRS levy 12:50 – Why it’s critical to act quickly and how legal representation can help About the Show Resilience and Resolve is a podcast dedicated to guiding taxpayers through complex IRS challenges with clarity and confidence. Featuring tax attorney Lance Drury, the show offers practical insights to manage tax debt, navigate relief options, and develop effective long-term strategies to achieve financial stability.
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30
The Cost Of Filing Late: What Happens When You Miss IRS Deadlines
Episode Summary Attorney Lance Drury examines the high cost of missing IRS filing deadlines, detailing the failure-to-file and failure-to-pay penalties, interest rates, and potential IRS enforcement actions. The episode provides practical strategies for timely tax compliance, avoiding penalties, and addressing unfiled returns, offering essential guidance for individuals and small business owners facing tax challenges. Key Timestamps 00:00 - Show Introduction and Welcome 01:30 - Consequences of Missing IRS Deadlines 04:00 - Failure-to-File vs. Failure-to-Pay Penalties 07:00 - Escalation of Penalties and Interest 10:00 - Risks of IRS Enforcement Actions 13:00 - Waiving Penalties Through U.S. Tax Court 16:00 - Impact of Late Filing on Refunds 19:00 - Overcoming Fear of IRS Compliance 22:00 - Conclusion and Call to Action About the Show Resilience and Resolve is a podcast dedicated to empowering individuals and small business owners to tackle IRS challenges with confidence. Featuring attorney Lance Drury, the show provides expert insights into tax resolution, penalty abatement, and compliance strategies, helping listeners protect their financial future.
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29
IRS Collections Pause? What to Know About Taxpayer Relief Initiatives
Episode Summary Tax attorney Lance Drury examines IRS relief options that temporarily pause collection actions, including six-month payment agreements, collection due process hearings, and equivalency hearings. The episode covers eligibility requirements, application processes, financial hardship considerations, and the risks of relying on temporary relief without a long-term plan, providing essential guidance for taxpayers navigating IRS debt. Key Timestamps 00:00 - Show Introduction and Welcome 01:30 - Overview of IRS Relief Options 04:00 - Six-Month Payment Agreements 07:00 - Collection Due Process and Equivalency Hearings 11:00 - Eligibility for IRS Relief Programs 14:00 - Interest and Penalties During Relief 17:00 - Financial Hardship Considerations 21:00 - Duration and Limitations of Relief 25:00 - Risks of Temporary Relief 29:00 - Shifting to Long-Term Debt Resolution 32:00 - Conclusion and Call to Action About the Show Resilience and Resolve is a podcast dedicated to guiding taxpayers through complex IRS challenges with clarity and confidence. Featuring tax attorney Lance Drury, the show offers practical insights to manage tax debt, navigate relief options, and develop effective long-term strategies to achieve financial stability.
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28
1099 Contractors and the IRS: Why Misclassification Could Cost You
Episode Summary In this episode of Resilience and Resolve, tax attorney Lance Drury breaks down the costly risks of misclassifying employees as independent contractors. He explains the key legal differences between employees and contractors, why the IRS focuses heavily on worker classification, and the financial consequences of getting it wrong. From back payroll taxes and penalties to whistle blower-triggered audits, Lance reveals why businesses need to be proactive and correct worker classification mistakes before the IRS steps in. Key Timestamps 00:00:20 – The legal difference between an employee and an independent contractor 00:01:24 – Why calling someone a contractor doesn’t always protect a business 00:01:48 – Why the IRS aggressively targets worker misclassification 00:02:25 – How the IRS determines whether someone is truly a contractor 00:03:06 – Potential penalties and payroll tax liabilities for misclassification 00:04:22 – Why some businesses misclassify to avoid payroll tax headaches 00:04:32 – Can workers face problems for being misclassified? 00:05:00 – How businesses can fix past misclassification mistakes 00:05:32 – IRS limitations on how far back they review past payroll issues 00:06:41 – Why the IRS may not pursue older tax years due to staffing constraints 00:06:45 – Do voluntary corrections reduce penalties with the IRS? 00:07:09 – Why Lance rarely sees misclassification cases in his practice 00:07:50 – What triggers an IRS audit for worker misclassification 00:08:30 – When businesses should consult a tax attorney on contractor relationships 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. Resources and Links Get legal guidance on worker classification: lancedrurylaw.com Subscribe to Resilience and Resolve for more tax law insights with Lance Drury
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27
Gambling Winnings and IRS Trouble: What Bettors Need to Know
Episode Summary: In this insightful episode of Resilience and Resolve, tax attorney Lance Drury about the tax consequences of gambling, whether at casinos, online betting platforms, or even cryptocurrency-based wagers. Lance explains how the IRS treats gambling winnings and losses, why the agency frowns upon gamblers, and the severe consequences of not reporting income. He also shares real-life stories of clients whose gambling habits led to financial disaster and outlines the essential records you need to keep if you gamble. From W-2G forms to deductions and the risk of audits, this episode provides essential guidance for anyone involved in gambling activities. Key Timestamps: 00:01 – Show introduction 00:53 – How the IRS defines gambling income and what must be reported 01:20 – Why the IRS frowns upon gambling 02:05 – Real-life examples of clients who gambled away their savings 03:06 – How gambling losses impact IRS settlements 03:54 – W-2G forms and when casinos report winnings 04:31 – Can gambling losses be deducted? 05:30 – Consequences of not reporting gambling winnings 06:24 – Why reporting all income helps avoid IRS audits 07:15 – Crypto and online betting: what’s changing in IRS reporting 08:03 – Can unreported gambling winnings lead to criminal charges? 09:19 – The importance of documentation for gamblers 10:00 – How to resolve tax issues related to gambling 10:45 – Advice for gamblers who refuse to stop 11:20 – Closing thoughts on staying compliant with IRS rules 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.
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26
Amending Tax Returns: When, Why, and How to Fix IRS Filing Mistakes
Episode Summary: In this informative episode of Resilience and Resolve, tax attorney Lance Drury discusses the complexities of amending tax returns. Lance explains the most common reasons taxpayers need to file amended returns, the strict timelines for claiming refunds, and how the process works amid IRS delays. He also highlights key red flags that trigger audits, the importance of documentation, and why hiring an experienced tax attorney can protect you from costly mistakes. Whether you’ve made an honest filing error or overlooked income, this episode offers practical guidance on addressing past tax issues the right way. Key Timestamps: 00:01 – Show Introduction 00:44 – Common reasons taxpayers need to amend a return 01:20 – How long the IRS takes to process amended returns 02:05 – The role of the Taxpayer Advocate and recent service delays 02:34 – Does amending a return increase audit risks? 03:53 – Time limits for amending returns and claiming refunds 04:46 – Filing requirements and certified mail tracking 05:45 – The IRS 10-year collection window and how it works 06:27 – Potential penalties and interest on amended returns 07:09 – State vs. federal returns: how they interact 08:23 – What to do if you can’t pay additional tax from an amendment 09:20 – The importance of documentation and recordkeeping 10:25 – Why self-employed taxpayers face more challenges 11:16 – When to contact a tax attorney for help with amended returns 12:38 – How IRS understaffing impacts processing and collections 13:52 – Final advice for taxpayers dealing with filing mistakes 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.
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25
IRS Scams and Fraud Alerts: How to Protect Yourself and Your Refund
Episode Summary: In this eye-opening episode of Resilience and Resolve, tax attorney Lance Drury talks about the growing threat of IRS scams. They uncover the most common schemes, including fake settlement letters, threatening phone calls, and identity theft tactics used to steal personal information. Lance shares real-life examples of victims, explains what the IRS will never do, and offers crucial advice on avoiding scammers who prey on taxpayers—especially seniors and small business owners. Learn how to recognize red flags, why hiring a qualified local attorney is key, and what steps to take if you’ve already fallen victim. Key Timestamps: 00:01 – Show Introduction 00:53 – Guest Introduction: Tax Attorney Lance Drury 01:05 – Common IRS scams targeting taxpayers 02:25 – Fake settlement letters and threatening phone calls 04:00 – How scammers prey on vulnerable groups, including seniors 05:15 – The dangers of hiring unqualified firms for tax help 07:45 – Identity theft and fraudulent tax returns 09:15 – What the IRS will never do when collecting taxes 10:16 – What to do if you’ve already sent money to a scammer 11:50 – Why seniors are more vulnerable to IRS scams 13:20 – How delayed refunds and IRS inefficiency complicate matters 14:10 – Can a tax attorney help recover money lost to scammers? 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.
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24
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 levy 01:07 – Bank levy vs. wage levy 01:46 – Levy, lien, and garnishment explained 03:43 – IRS notices before a levy 05:01 – Using hearings to delay IRS collections 06:47 – Can the IRS take everything in your account 07:48 – Financial hardship and lifting levies 09:04 – Can a levy be reversed 09:29 – Multiple levies and wage garnishments 10:24 – Are any accounts protected from a levy 12:32 – Real case: IRS property seizure avoided 13:37 – Steps to stop a levy before it hits 14:17 – 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.
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23
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 penalties 00:38 – Difference between IRS interest and penalties 01:07 – Failure-to-file vs. failure-to-pay penalties explained 01:50 – How penalties escalate a tax bill from $80,000 to $100,000 02:16 – Why filing on time matters, even if you can’t pay 02:31 – When penalties and interest begin accruing 03:02 – Real case: Over $1 million penalty for missed medical insurance forms 04:43 – Unreasonable IRS penalties and rare cases 04:46 – How penalties continue even under non-collectible status 05:36 – Options to reduce or eliminate penalties 06:22 – Why filing an extension doesn’t stop interest or payment penalties 07:19 – Caps on penalties vs. ongoing interest accrual 07:47 – How resolution plans impact penalties 08:03 – Common mistakes that increase penalty costs 08:59 – Why delaying filing your tax return is a huge mistake 09:23 – 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
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22
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 taxes 01:13 – The hidden financial struggles of freelancers and gig workers 02:23 – Common mistakes in estimating tax liability 03:33 – How failing to track expenses can lead to a bigger tax bill 04:18 – Why monthly payments prevent spending money meant for taxes 06:29 – The difference between 1099 and W-2 income in IRS compliance 07:41 – A real-life case of million-dollar levies and how they were resolved 09:36 – How to avoid “pyramiding” payroll tax liabilities 10:49 – The critical first step if you’re already behind on taxes 11:25 – 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
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21
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 risks 03:00 – The importance of separating personal and business finances 04:12 – Types of audits: correspondence vs. in-person 05:40 – How audits can escalate and become costly 07:27 – Taxpayer rights during an audit 08:59 – Why self-representation often leads to worse outcomes 10:38 – How proper documentation shifts audit results 12:46 – Real examples of IRS penalties and how they snowball 14:39 – 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.
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20
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
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19
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 filing 01:56 – When liens should be released and how title companies complicate the process 02:33 – Why title companies sometimes require liens to be satisfied even when they don’t attach 03:29 – How liens affect your ability to refinance or sell property 04:57 – 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 happen 06:53 – How and when liens can be withdrawn or subordinated 07:39 – What property liens actually attach to and how the IRS prioritizes collections 08:44 – Do liens expire on their own, and how long do they last? 09:47 – Advice for homeowners with tax liens considering selling their property 10:40 – Common misconceptions about IRS tax liens and how they actually work 12:10 – 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
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18
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 introduction 00:31 – What is a tax lien vs. a tax levy? 01:57 – How liens are filed and what property they attach to 02:21 – Challenges with title companies and lien releases 03:34 – How liens impact refinancing and selling your home 04:59 – Do liens affect credit scores and business dealings? 05:54 – What triggers the IRS to file a lien 06:59 – How to remove or withdraw a lien 08:03 – What property a lien attaches to, and what the IRS won’t pursue 08:49 – Do liens expire? Understanding the collection statute 09:52 – Advice for homeowners with tax liens 11:03 – Common misconceptions about liens 12:37 – Why taxpayers now have to do more to resolve liens 13:09 – 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.
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17
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 Introduction 01:20 – Why payroll tax debt is an IRS enforcement priority 03:40 – Personal liability for trust fund taxes 06:00 – Avoiding the trust fund interview and protecting others 08:15 – Common scenarios that lead businesses into payroll tax trouble 10:50 – The risks of relying solely on payroll service providers 13:05 – Real case example: Ownership vs. operational responsibility 15:20 – What makes someone a “responsible person” in IRS terms 18:10 – How to protect your business and personal assets if falling behind 20:30 – Shared liability among officers and business partners 22:25 – 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.
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16
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.
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15
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 Introduction 01:42 – How IRS debt is treated in divorce court 04:10 – Shared liability after divorce and real-life case study 07:20 – Innocent Spouse Relief explained and when it applies 11:06 – IRS responsibility in jointly filed returns 12:58 – Role of timing in IRS collection and statute of limitations 17:25 – Insights on IRS staffing, delays, and taxpayer frustration 22:15 – Legal team structure and importance of skilled attorneys 25:18 – Why divorce agreements can’t override IRS enforcement 28:00 – 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.
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14
Breaking Free from IRS Penalties: Understanding Penalty Abatement
Episode Summary 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 About the Show 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.
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13
nnocent Spouse Relief: A Lifeline for Unfair Tax Burdens
Episode Summary In this episode of Resilience and Resolve, attorney Lance Drury joins host Kevin Rosenquist to unpack the complexities of innocent spouse relief—a provision that can protect one spouse from tax liabilities incurred by the other. Lance shares real-life examples, breaks down eligibility requirements, and offers insight into the IRS’s review process, including how long it takes and why documentation is critical. If you're facing an unjust tax situation due to your spouse or ex-spouse's actions, this episode is a must-listen. Timestamps 00:00 – Welcome to Resilience and Resolve 00:29 – What is innocent spouse relief? 01:46 – Real case example involving $100K liability 01:54 – Can married couples apply or just divorced ones? 03:22 – What qualifies someone for innocent spouse relief? 04:03 – Is it difficult to prove eligibility? 04:34 – How innocent spouse relief protects assets 05:14 – Steps to take if you believe you qualify 05:38 – IRS processing times and bureaucratic delays 08:36 – The state of the IRS and resource challenges 09:09 – What happens after the form is submitted 10:15 – Alternatives if the claim is denied 10:51 – Is there gray area in qualification? 11:30 – Importance of documentation in tax cases 13:15 – How involvement in a business affects eligibility 13:52 – Can the other spouse contest the relief request? 14:40 – IRS review process: documentation vs. hearsay 16:00 – IRS national standards and proving expenses 17:22 – Record-keeping in the digital age 17:42 – Lance’s old-school approach to documentation About the Show Resilience and Resolve with Lance Drury delivers expert legal insights on tax issues, IRS disputes, and financial resilience. Hosted by Kevin Rosenquist, each episode features candid discussions with attorney Lance Drury about navigating the murky waters of tax law and staying financially secure in a complicated world.
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12
Penalty Abatement Relief or Red Tape
Episode Summary: Tax attorney Lance Drury breaks down IRS penalties, abatement processes, and navigating complex tax resolution strategies. Learn about failure to file vs. failure to pay penalties, requirements for first-time penalty abatement, and what constitutes "reasonable cause" for penalty relief. Key Timestamps: 00:31 - Types of IRS penalties and calculation methods 02:24 - Understanding "reasonable cause" for penalty abatement 04:08 - Explanation of penalty abatement process 04:54 - Documentation requirements for reasonable cause claims 05:28 - Appeals process for denied abatement requests 09:03 - Current IRS challenges and processing delays 12:17 - Timing and qualification for penalty abatement About The Show: “Resilience and Resolve” with Lance Drury delivers expert insights on tax resolution, IRS negotiations, and practical solutions for tax-related challenges. With offices across Missouri, Illinois, Kentucky, Tennessee, and Texas, Lance Drury provides comprehensive tax resolution services backed by over 20 years of experience.
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11
Currently Not Collectible Status - Temporary Relief or Hidden Trap?
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 - Defining CNC Status vs Other IRS Resolution Options 03:05 - Qualification Requirements for CNC Status 04:20 - Long-term vs Short-term Solutions 05:56 - Hidden Risks and Downsides 09:46 - Impact on Interest and Penalties 11:21 - IRS Liens During CNC Status 14:41 - Strategic Approach to CNC Status About The Show: "Resilience and Resolve” with Lance Drury provides taxpayers with essential tools and knowledge to navigate IRS challenges. Each episode delivers practical insights and professional guidance for those facing tax-related difficulties.
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10
Offer in Compromise vs. Installment Agreements: What Taxpayers Need to Understand
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 of Offer in Compromise 03:25 - Eligibility requirements for both options 04:37 - How to choose between the two options 06:09 - Common misconceptions about "pennies on the dollar" promises 07:33 - Success rates and professional assistance 08:45 - Hidden risks of installment agreements 10:19 - Combining resolution strategies 11:20 - Professional advice and real-world examples About Resilience and Resolve: A professional tax resolution podcast featuring Lance Drury, delivering expert insights on navigating complex IRS situations. The show provides practical solutions and strategic advice for taxpayers facing tax challenges.
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9
Sales Tax Demystified: What Every Business Owner Needs to Know
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, and consulting a tax attorney early to avoid criminal prosecution. The conversation concludes with strategies for staying current with sales tax laws and how proper planning can help businesses navigate these complex regulations. Timestamps: [00:23 - 01:10] Common Challenges and Criminal Implications of Sales Tax Nonpayment [01:10 - 02:36] Real Case: 96 Felony Charges for Sales Tax Fraud [02:36 - 04:35] Mismanagement in Restaurants & Liability Risks [04:35 - 05:44] Local Sales Tax Rates and Filing Deadlines [05:44 - 07:05] Consequences of Missed Payments and Bureaucracy Delays [07:05 - 08:18] Sales Tax Audits: Triggers and Common Targets [08:18 - 10:26] The Audit Process and Expanding Scopes [10:26 - 11:53] Keeping Accurate Records to Minimize Liability [11:53 - 13:09] Financial Struggles of Restaurants in Current Economy [13:09 - 14:07] Staying Current with Sales Tax Laws and Compliance Tips [14:07 - 14:48] Importance of Consulting a Tax Attorney Early About The Show Resilience and Resolve with Lance Drury is a podcast that demystifies complex tax issues, offering practical advice for business owners navigating financial and legal challenges. Hosted by tax attorney Lance Drury and LPN Host Kevin Rosenquist, the show covers real-world cases, legal insights, and strategies to help businesses stay compliant and avoid costly mistakes. Each episode provides actionable guidance on topics like sales tax, audits, and tax law, blending expert knowledge with engaging stories to empower listeners with the tools they need to manage their tax responsibilities confidently.
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8
Tax Troubles? Your Business Resolutions Start Here!
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 for small business owners to seek professional help before their issues escalate. Timestamps: [00:00:30 - 00:02:00] Common tax issues for small businesses (payroll tax, mismanagement) [00:02:00 - 00:04:00] Importance of making estimated tax payments first and warning signs of trouble [00:04:00 - 00:05:15] Impact of tax liens and levies on business reputation and operations [00:05:15 - 00:06:54] Consequences of ignoring tax payments (shut down, growing liabilities) [00:08:00 - 00:09:00] Tax resolution options (installment agreements, non-collectible status) [00:09:00 - 00:10:30] Process of resolving tax issues (engagement letter, IRS representation) [00:13:00 - 00:14:00] Importance of financial education and tax planning for small business owners [00:15:30 - 00:16:05] Personal responsibility for payroll tax liabilities as a business owner [00:16:05 - 00:16:30] Closing thoughts on managing business finances and tax responsibilities About The Show Resilience and Resolve with Lance Drury is a podcast dedicated to helping small business owners navigate the complex world of tax laws and regulations. Hosted by Kevin Rosenquist, the show features expert insights from Lance Drury, a seasoned tax professional, as they discuss common tax issues businesses face, such as payroll taxes, tax liens, levies, and the critical importance of proper tax planning. With practical advice on how to avoid costly mistakes and resolve tax problems effectively, the podcast offers valuable guidance to entrepreneurs, ensuring they stay compliant and maintain their business’s financial health.
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ABOUT THIS SHOW
Resilience and Resolve with Lance Drury: Understanding the Basics of Tax Resolution
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resilienceandresolve
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