Tax Resolution Expert, Attorney Lance Drury Says Taxing Gambling Winnings is Risky Business for the IRS.

July 9th, 2015 → 2:19 pm @ // No Comments

Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” writes about an IRS proposal to lower the winning threshold to $600 from $1200 in casinos that promises to be a burden for everyone especially the IRS.

St Genevieve, MO, July 7, 2015:Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new blog on the LANCE DRURY LAW website entitled “Will What You Win in Vegas Be Able to Stay in Vegas, and Out of IRS Control?” Drury paints a bleak picture for the face of gambling if the IRS passes its proposal.

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Will What You Win in Vegas Be Able to Stay in Vegas, and Out of IRS Control?

July 7th, 2015 → 2:18 pm @ // No Comments

Winning at Vegas and casinos around the country, the racetrack, bingo or your friendly football or basketball bets are supposed to be reported to the IRS. Currently, if you play the slot machines and win a jackpot of $1200 or more, the machine will shut down until a representative arrives with the appropriate tax form.

It is not clear yet if the IRS is going to lower the slot machine and bingo winning threshold to $600 or not. That is a proposal that was heard on Wednesday, June 17th. According to an article in The Review Journal, “Geoff Freeman, president and chief executive of the American Gaming Association, told a panel of IRS and Treasury Department officials the proposal is ‘far more complicated, onerous and unproductive’ than the government may have understood.

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Tax Resolution Expert, Attorney Lance Drury Reviews Taxpayer Bill of Rights Enhancement Act of 2015.

July 6th, 2015 → 2:12 pm @ // No Comments

Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics”, presents an overview of proposed legislation that, if passed, would be beneficial to taxpayers who owe the IRS money, in addition to providing all taxpayers protection from abusive IRS actions.

St Genevieve, MO, June 29, 2015:Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new article on the LANCE DRURY LAW website entitled “A Bill To “Update and Strengthen Taxpayer Protection.” With the IRS wielding enormous power it’s no surprise that their behavior has deteriorated over the years.

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A Bill To “Update and Strengthen Taxpayer Protection.”

June 29th, 2015 → 7:15 pm @ // No Comments

Hopefully this proposed new legislation will be passed before next tax season. It could be good news for all taxpayers especially those who owe the IRS back taxes.

The bill will make it easier for taxpayers to enter into an installment agreement or have an offers-in-compromise agreed to without requiring chief counsel review for offers in compromise of over $50,000.

Proposed by Senators Chuck Grassley, R-Iowa, and John Thune, R-S.D. the legislation would “improve customer service at the Internal Revenue Service, create new taxpayer protections, and update and strengthen existing taxpayer protections.”

In light of the multitude of tax fraud scams perpetrated on Americans for the past few years, many of which led to the criminals being protected by the IRS instead of the taxpayer, it will be interesting to see how this plays out if passed.

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Will the Most Pervasive Tax Fraud in History Take IRS Focus Off of You?

June 26th, 2015 → 9:35 pm @ // No Comments

With the IRS entangled in the most pervasive tax fraud in history, your tax problem may seem like small potatoes.  If you think for a moment that their attention will be diverted away from the money you owe them, think again.

Even though a recent article published in The Hill calls for “all hands on deck” and quoted Orrin Hatch and Ron Wyden as saying, “Any solution must involve coordination between Congress, the IRS, state agencies, law enforcement, and the tax preparation industry.” (http://thehill.com/policy/finance/244092-congress-to-irs-all-hands-on-deck-on-tax-fraud)

One might be tempted into thinking that all efforts will be focused on trying to reach a solution and that your personal tax problems simply aren’t going away.  Once again, be assured the IRS will not turn a blind eye.

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Tax Resolution Expert, Attorney Lance Drury Says IRS To Help Identity Theft Victims Instead of Criminals

June 26th, 2015 → 3:14 pm @ // No Comments

Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics reports on a change in IRS Identity Theft Policy that finally helps the taxpayers by releasing fraudulent tax returns to the victims thus relieving the stress of being victimized twice.

St Genevieve, MO, June 24, 2015:Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new article on the LANCE DRURY LAW website entitled “It Took A Breach of 104,000 Taxpayers for IRS to Change Identity Theft Policy.

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It Took A Breach of 104,000 Taxpayers for IRS to Change Identity Theft Policy.

June 24th, 2015 → 6:25 pm @ // No Comments

The good news is they did it!  The IRS has agreed to help the victims of identity theft instead of protecting the criminals. According to an article in Accounting Today, “The Internal Revenue Service has agreed to change its policy on identity theft and provide victims with copies of the fraudulent tax returns that have been filed under their names by scammers.” (www.accountingtoday.com/news/tax-practice/irs-changes-identity-theft-policy-74762-1)

Had it not been for a persuasive letter from Sen. Kelly Ayotte, R-N.H., who wrote to IRS Commissioner John Koskinen last month in response to the massive breach, the innocent taxpayers would still be prevented from getting any helpful information.

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Tax Resolution Expert, Attorney Lance Drury, Says IRS Gives Violated Taxpayers Free Credit Monitoring.

June 22nd, 2015 → 8:15 pm @ // No Comments

Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” acknowledges that the IRS rarely gives anything away, though it’s the least they can do for the 104,000 taxpayers whose identities were stolen through the IRS Get Transcript application.

St Genevieve, MO, June 19, 2015:Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new blog on the LANCE DRURY LAW website entitled “104,000 Taxpayers To Get Free Credit Monitoring From the IRS.” In a surprising twist of events the IRS is giving something to taxpayers instead of taking from them.

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104,000 Taxpayers To Get Free Credit Monitoring From the IRS.

June 19th, 2015 → 8:01 pm @ // No Comments

It isn’t often we hear about the IRS giving something away for free. But, considering the fact that 104,000 taxpayers had their identities stolen and were unable to file their tax returns because thieves were able to access their personal information through the IRS’s “Get Transcript” application, well it seems that’s the least the IRS could do.

Criminals first gain enough information from other sources before they try to access the IRS site. First they troll through social media sites gaining access to birth dates, street addresses and nicknames before attempting to get into the IRS site.  Eventually they get enough information allowing them to clear a multi-step authentication process, which includes several personal verification questions that typically are know only by the taxpayers.

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Tax Resolution Expert, Attorney Lance Drury Says IRS Needs Help Breaking the Bad Habit of the Bank Secrecy Act.

June 16th, 2015 → 6:07 pm @ // No Comments

Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics compares the IRS to a spoiled, petulant child resistant to changing its ways when it comes to the Bank Secrecy Act. Though he believes progress is being made.

St Genevieve, MO, June 8, 2015:Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new article on the LANCE DRURY LAW website entitled “Seize and Dismiss: A Case of IRS Failure To Follow Its Own Rules. ” Addictive habits are difficult to change and the addiction to power is one of the most challenging to reform.

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