April 14th, 2015 → 9:45 pm @ Lance R. Drury // No Comments
Filing taxes is no laughing matter, as anyone who’s tangled with the IRS knows. However, some taxpayers have wildly creative ideas of what constitutes a legitimate claim and come up with some that are outrageously funny. They’re generally fatal too, if they make it through to the IRS.
Here are some of the funniest claims I’ve seen in a long time.
Have you ever heard of a “water computer”? Me neither until I saw this on AccountingToday.com. One CPA actually had to tell a client they could not claim their sailboat as a “water computer”!
How about plastic surgery, Botox treatments, and monthly visits to the hair salon?
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February 19th, 2015 → 7:21 pm @ Lance R. Drury // No Comments
This story is music to my ears! Earlier this month, the IRS apologized for seizing the bank accounts of innocent, law-abiding citizens. Not only did they say, “I’m sorry”, they also said they were going to change their ways. That’s a first.
The Associated Press published the article which stated, “Pressured by Congress, the IRS said Wednesday it is changing its policies and apologizing for seizing banks accounts from otherwise law-abiding business owners simply because they structured bank transactions to avoid federal reporting requirements.”
(www.finance.yahoo.com/news/irs-apologizes-seizing-bank-accounts-172627143.html)
The interesting thing about the above statement is that the IRS, while apologizing, is also alleging that the business owners whose accounts were seized were actually guilty of structuring their bank deposits in order to avoid paying taxes.
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February 11th, 2015 → 6:40 pm @ Lance R. Drury // No Comments
Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” issues warnings that can help prevent becoming a victim of the tax fraud scams that are popping up coast to coast.
St Genevieve, MO, February 9, 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 “Don’t Be a Victim. IRS Tax Frauds are Out To Scam-a-Lot in 2015.” Forewarned is forearmed and according to Mr. Drury every tax payer needs to be aware of the massive scale tax scams already at an all time high.
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February 9th, 2015 → 4:57 pm @ Lance R. Drury // No Comments
Warning number one: The IRS does not initiate contact with individuals by calling. They always send a formal letter on IRS stationary when contacting anyone regarding unpaid taxes.
So, if anyone calls you claiming to be the IRS, ask for a telephone number. Tell them you’ll call them back. Better yet, tell them you’ll have your attorney call them back.
Warning number two: the IRS does not threaten, intimidate, nor do they use aggressive language.
IRS tax scams are reaching epidemic proportions. I get calls every week from clients and prospective clients saying that the IRS has called them threatening arrest, seizure of assets and worse.
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February 9th, 2015 → 4:56 pm @ Lance R. Drury // No Comments
As more Americans are becoming aware of the controversial and, frankly criminal program that has caused the ruin of small businesses and damaged the lives of thousands of innocent people, Civil asset forfeiture has, according to a recent Washington Post article “become one of the few public policy and social issues that united activists and lawmakers across the political spectrum, some of whom dubbed the system ‘policing for profit.’”
The program which includes monitoring bank deposits began more than 30 years ago as part of the war on drugs. The Post article reports that, “Since 2008, thousands of local and state police agencies have made more than 55,000 seizures of cash and property worth $3 billion under a civil asset forfeiture program at the Justice Department called Equitable Sharing.” They are entitled to make these seizures “without proving that a crime occurred”, as stated by Attorney General Holder who finally, last Friday, barred local and state police from using federal law to make any further seizures without proving that a crime occurred.
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December 4th, 2014 → 3:47 pm @ Lance R. Drury // No Comments
Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” provides an overview of taxes that can be discharged under Chapter 7 Bankruptcy and the specific requirements that must be met.
St Genevieve, MO, December 4, 2014: 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 “A Guide To Taxes That Can and Cannot Be Eliminated in Chapter 7 Bankruptcy.” Sometimes the only way out of mountainous debt is bankruptcy.
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December 3rd, 2014 → 4:02 pm @ Lance R. Drury // No Comments
When bankruptcy is the only route to take in the face of overwhelming debt, it is important to be aware that some tax debt may be discharged while other taxes are not eligible for discharge. Most tax debt is eliminated under Chapter 7 Bankruptcy while Chapter 13 Bankruptcy requires a payback plan. Use this review of taxes that can and cannot be eliminated as a guide, and always retain the most experienced tax resolution attorney you can find to help you navigate the sea of paperwork and filing requirements.
Determinations That Allow Tax Discharge.
The Law allows certain tax debts to be discharged in Chapter 7 Bankruptcy.
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November 12th, 2014 → 5:16 pm @ Lance R. Drury // No Comments
Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” issues a warning to both business owners and individuals to be more cautious about making deposits to their accounts that would make them IRS targets.
St Genevieve, MO, November 12, 2014: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 “Beware: If You Make a Series of Deposits Totaling $10K, The IRS Could Seize Your Accounts.” Being a law-abiding businessperson or wage earner is no guarantee of safety from having assets seized by the IRS.
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September 22nd, 2014 → 12:49 pm @ Lance R. Drury // No Comments
St Genevieve, MO, September 22, 2014: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 “Employee or Independent Contractor? One Mistake Could Draw Six Government Agencies Gunning for Your Business.” While businesses strive to be in the spotlight, they do not want to be under the glaring lights of six government agencies.
According to Lance Drury, misclassifying a regular employee as an independent contractor is a sure way to get lots of unwanted attention. Drury advises business owners to “Remember that it is in the government’s best interest to have workers classified as employees.
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September 19th, 2014 → 2:24 pm @ Lance R. Drury // No Comments
Most business owners would be thrilled if they could classify all workers as independent contractors. It would make their bottom line look much better. The savings in payroll taxes and benefits can be very tempting. No one is immune to trying to get away with misclassifying workers. Both, small businesses and large corporations, attempt to reap the rewards.
If you are looking into the distinctions between classifying workers as employees or independent contractors, proceed with caution. An incorrect classification could result in having as many as six government agencies coming after your business for back taxes, back salary, fines and benefits.
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