March 2nd, 2015 → 4:56 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” brings to light the little known Cohan Rule that allows proof of expenses by “other credible evidence” when receipts cannot be produced.
St Genevieve, MO, February 23, 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 “No Receipts for the IRS? Try a Song and Dance Routine.” When you can’t use the old “dog ate my homework” excuse with the IRS, Lance Drury reminds his readers about a workable way around producing receipts.
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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 13th, 2015 → 7:41 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” entreats readers to control their fear and expose IRS tax scammers instead of becoming their prey.
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 article on the LANCE DRURY LAW website entitled “Don’t Get Caught By The Dirty Rotten Scammers.” When fear of the IRS can be controlled, tax scammers lose control is the message Mr. Drury delivers.
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February 11th, 2015 → 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” talks about the first win against the IRS for targeting innocent U.S. citizens in its civil asset forfeiture program.
St Genevieve, MO, February 4, 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 “A Reversal of Fortune for The IRS Civil Asset Forfeiture Program.” Providing hope for anyone who has ever been or may be the target of this program, Drury cites a milestone case saying, “The case has sparked political action.
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February 9th, 2015 → 7:25 pm @ Lance R. Drury // No Comments
No one really loves to pay taxes, however most people buckle down this time of year, grit their teeth and do their duty as U.S. citizens. Unfortunately, this most unpleasant duty is becoming more difficult in light of recent budget cuts at the IRS.
In the past, the IRS has offered services to help Americans navigate the complicated tax codes. There were robust customer service programs that included telephone help as well as walk-in centers.
Now, according to a recent MainStreet article, “Today the IRS refuses to answer any but the most basic questions on tax law. The agency has also discontinued all help for off-season requests leaving, for example, anyone who has to file quarterly estimated taxes (a relatively complicated process) on his own.
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February 9th, 2015 → 5:00 pm @ Lance R. Drury // No Comments
Tax Season is in full swing. So are the tax scam artists. The last thing in the world any taxpayer needs is to become the prey of these dirty rotten scammers. Once caught up in their web a whole world of chaos unfolds. And the only one who gets hurt is you. The scammer is off to another victim before you know what has happened.
Each year the IRS publishes the top twelve scams. (www.irs.gov) In the last few years the one that continues to top the list is the phone scam. Here’s how it plays out. Someone calls pretending to be an IRS representative.
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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 4th, 2015 → 6:32 pm @ Lance R. Drury // No Comments
In a recent article, I wrote about the highly controversial Civil Asset Forfeiture program, which allows the IRS to monitor and seize the assets of small businesses and individuals without ever having to prove they were in any way involved in criminal activity. Initially originated as a way to target alleged terrorists and tax evaders, the IRS decided to target anyone who makes a series of small deposits in a relatively short period of time that adds up to $10,000 or more.
All financial institutions in the U.S. are required by law to fill out forms and submit them to the IRS alerting them to this type of activity.
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December 29th, 2014 → 8:00 am @ 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” small businesses, home based entrepreneurs and companies offering health care flexible spending accounts get a little tax relief.
St Genevieve, MO, December 29, 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 “New Tax Breaks For Small and Home Based Businesses.”
It may not be the year-end celebrating causing that headache, but the prospect of the looming tax season.
December 29th, 2014 → 12:20 am @ Lance R. Drury // 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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