Tax Resolution Expert, Attorney Lance Drury Says Careless Errors on Tax Returns Are the Most Common.

March 31st, 2015 → 8:00 am @ // No Comments

Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” encourages taxpayers to be diligent in going over tax returns before sending them in and doing everything possible to avoid making the most careless mistakes.

St Genevieve, MO, March 30, 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 “Make No Mistake. Make This Your Mantra for This Year’s Tax Return.” This is definitely one area that calls for proofing and great scrutiny: The tax return.

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What Would You Do if You Owed the IRS More Than $6 Million?

March 10th, 2015 → 6:48 pm @ // No Comments

We often assume that famous movie stars have all the money in the world and wonder why and how they get into deep IRS debt. The recently revealed case of Robert DiNiro’s $6 million plus IRS debt sheds light on how this can happen.

In his case, Mr. DiNiro has multiple residences and the IRS was sending communications to an old address. By the time the debt came to his attention, multiple fines and fees had brought his outstanding bill to $6.4 million.

Most public figures don’t usually deal with their debts as gracefully and swiftly as did Mr. DiNiro who wrote a check for the entire balance and had it hand delivered to the nearest IRS office.

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New Tax Breaks For Small and Home Based Businesses

December 29th, 2014 → 12:20 am @ // No Comments

With the closing of the year, it’s time to start thinking about preparing to file your taxes. Never a pleasant topic, but it is one that must be broached. The sooner you begin preparing, the sooner you can file and the sooner it will be over. To make it a little easier on the indigestion, there are a few new tax breaks that pertain to small businesses, home based entrepreneurs and employers offering health care flexible spending accounts.

First, according to “Key tax changes for 2014 and beyond” on Bankrate, referring to new tax rules favoring small and home based businesses, the article states, ““Under the new rule, you can bypass detailed expense records and simply deduct $5 for every square foot of home office space used, up to a maximum of 300 square feet, or $1,500.

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