Lance Drury as heard on the Gary Nolan Show in Columbia, Missouri, on April 8, 2012. Gary Nolan is Mid-Missouri’s most listened to talk radio hostand has been hailed as “America’s Voice of Liberty” for more than a decade. He has a nationally syndicated radio show
Let’s discuss the most obvious way to get out of IRS Debt…Pay the bill. Now, before you think I’m just being simplistic, this really is an option that should be dsicussed. Before we getinto the fie other options, it’simportant that we ask thesimplequestion…Is there any way that you could just pay th ebill andgeton with yourlife? Before you immediate say “no”, read on.
Credit Card Debt is better than owing the IRS. Don’t get me wrong – I’m not a fan of credit cards by any stretch of the imagaination. America’s credit card debt is staggering – $800 Billion in 2005, according to an analysis of Federal Reserve Board data by Demos, a national research and consumer advocacy group.
Who would have thought that the IRS would make taxes easier? It happened with an additional and simpler option for calculating home office deductions. The new option goes into effect in the 2013 tax year and is in reference to Form 8829.
Previously, home office deductions specified on Form 8829 involved a complicated and, at times, vague calculation. The new deduction is based on $5/sq ft. of office space used. The maximum deduction is $1500 per person, correspoding to a home office of 300 square feet.
Rather than replacing the previsou, comploicated home office deduction calculation scheme, this change will supplement it.
Former Businessman Sentenced for Failed Payroll Tax Payments
On October 12, 2012, in Boston, Mass., William E. Belleville, of Groton, was sentenced to 18 months in prioson, one year of supervised release and ordered to pay $460,000 in restitution for failing to pay payroll taxes collected from his employees. On April 10, 2012., Belleville pleaded guilty to conspiracy and tax evasion charges. According to court documents, Belleville, was the former owner of a paving and plowing company, Mass. Paving. From 1993 to 2006, he withheld payroll and income taxes from his employees’ wages, but failed to remit those sums, totaling approximately $460,000, to the Internal Revenue Service.
The Department of Treasury once conducted a study where they had investigators posing as common taxpayers call IRS Taxpayer Assistance Centers for help. The result? Auditors were given correct answers only 57% of the time.
It’s ridiculous that a taxpayer might not be able to count on getting a right answer from the IRS regarding tax questions, especially consider that the IRS is the agency that is charged with the task of enforcing tax laws.
However, you may find yourself in a position where you’re already past the point of needing basic tax help.
Maybe you’ve filed but haven’t paid the tax-and the IRS is sending you letters that are increasing in frequency and the language regarding collection is getting sterner.
The IRS is getting a headache trying to understand and properly enforce tax provisions of the comprehensive health care reform known as Obamacare. There are several effects of Obamacare. Obtaining tax credits for health coverage is fraught with complications based on recent income fluctuations and major life events. The IRS does not treat insurance subsidy repayments quite the same as regular income.
The individual mandate is singularly unpopular among many. Businesses must account for their obligations to the authorities and employees in light of certain employer-employee provisions of Obamacare. Lower-income individuals may see their taxes rise not only in amount, but also in complexity of paperwork.
Missouri – Tax Attorney Lance Drury, founder of the Law Firm of Lance R. Drury, has been practicing law since 1984 and began representing individuals and businesses in disputes with the Internal Revenue Service in 2006. With offices located in Ste. Genevieve and Columbia, Missouri, Drury has positioned himself as a leading attorney in the state for tax resolution issues. He is able to evaluate every client’s unique situation and provide them with honest answers and a specific plan to best resolve their tax problems.
Drury has a genuine desire to help people resolve their tax issues. He relates, “I had an individual in my office not too long ago that was crying by the end of the process because he had been living with a tax problem for years.