IRS Tax Help Blog with Lance Drury Law

Lance Drury on the Gary Nolan Show

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

Click here to listen to this interview.

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Posted by danielle in IRS Tax Help.

Why Owing Credit Card Debt Is Better Than Owing the IRS

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.

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Posted by danielle in Tax Law.

When Should You Consider Back Taxes A Cause For Alarm

Back taxes are simply taxes that you owe that you didn’t pay when they were due.  If you’ve underpaid taxes for any reason, the balance that you owe is considered back tax.

You may have failed to report taxable income (intentionally or unintentionally, it doesnt matter) – asthe IRS sees it…you still owe them money in the form of a back tax.

Some people don’t have the money when the tax bill comes around, so they just don’t pay.  They may plan on paying the money when they’re able…but that time never seems to come around.

If nothing seems to happen or they don’t get ‘caught’, some people start believe that they’ve somehow slipped under the radar of the IRS and that they’re getting away with it.

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Posted by danielle in Tax Law.

Simplified Home Office Deduction Calculation Approved by IRS

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.

Details

Rather than replacing the previsou, comploicated home office deduction calculation scheme, this change will supplement it.

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Posted by danielle in Tax Law.

Pay Your Payroll Taxes

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.

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Posted by danielle in Tax Law.

Finding the Right Solution for Your Tax Problems

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.

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Posted by danielle in IRS Tax Help.

Even the IRS Doesn’t Understand Obamacare

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.  

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Posted by danielle in IRS Tax Help, Tax Law.

Tax Attorney Lance Drury Helps Missouri Clients Resolve Their Tax Problems

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.

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Posted by danielle in IRS Tax Help, Tax Law.

The 3 Things You Should Never Tell the IRS

Lance Drury, Missouri IRS Tax Attorney, explains the three things that you should never tell the IRS.


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Posted by Lance R. Drury in IRS Tax Help, Tax Law.

Tax Relief Industry Exposed

Brian Ross exposes Tax Masters fraud on ABC Nightline.

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Posted by Lance R. Drury in IRS Tax Help.