The Law Office of Lance R. Drury
Ste. Genevieve : 573-883-3056
St. Louis : 314-260-6120
Toll Free : 888-367-6512

June 2017 Archives

Being dishonest about income can carry major consequences

Income can be a very sensitive subject for a person. There are a variety of reasons why a person might not want others to know how little, or how much, they make, including embarrassment. This may leave a person tempted to tell lies when asked about their income.

When a person receives an inaccurate federal tax bill

The Internal Revenue Service may sometimes seem like an all-powerful and all-knowing entity to taxpayers. However, like any organization made up of humans, this agency is more than capable of making mistakes. For example, the IRS sometimes makes mistakes in the tax bills it issues to taxpayers.

Failing to disclose partnerships could be very impactful under new audit regime

When a person is engaged in a business endeavor, one thing that can prove to be very important is what disclosures they make to the Internal Revenue Service. Inadvertently failing to disclose certain things to the IRS could expose a business owner to some very unpleasant surprises indeed. An upcoming change in IRS rules and practices is expected to add some big consequences to one particular type of missed disclosure: failing to disclose a partnership.

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