Episode Summary:

In this episode, tax expert Lance Drury discusses common mistakes people make when dealing with the IRS, strategies for handling back taxes, and important considerations for self-employed individuals. He emphasizes the importance of professional help and explains various IRS programs and collection powers.

Key Timestamps:

00:00 - Show Introduction

00:30 - Common mistakes when dealing with IRS

02:04 - How people get into tax trouble

03:17 - Tax payment recommendations for businesses

04:20 - How to handle IRS notices

05:22 - Negotiation strategies with the IRS

06:21 - Options for resolving back taxes

07:28 - IRS Fresh Start Program explained

08:46 - IRS powers and enforcement actions

10:09 - Current IRS activities and future projections

11:54 - Renegotiating IRS payment agreements

12:38 - Preparing for tax consultation

13:29 - Dealing with revenue officers

About the Show:

Resilience and Resolve with Lance Drury breaks down complex tax matters into understandable information, helping listeners navigate through tax challenges. Hosted by Kevin Rosenquist, the show features tax attorney Lance Drury sharing his expertise and practical advice for dealing with the IRS.