How Long Can the IRS Collect Back Taxes? (IRS Collection Time Limits Explained)

How Many Years Back Can the IRS Make You File Tax Returns?

Episode Summary: In this episode of *Resilience and Resolve*  Lance Drury sheds light on the crucial topic of filing unfiled tax returns. Lance emphasizes the IRS's requirement of filing the last six years of tax returns before considering settlement options. He warns against the risks of guessing wrong and highlights the common mistakes made by taxpayers and accountants. Understanding the implications of filing the correct number of years can make a significant difference in resolving tax issues effectively. Key Timestamps: 00:00 – Introduction 00:45 – IRS regulation on filing tax returns 01:30 – Mistakes made by accountants in advising taxpayers 03:15 – Importance of filing the last six years only 05:10 – Consequences of filing fewer years than required 07:20 – Being compliant for negotiation with the IRS 08:45 – Ensuring 100% compliance moving forward 10:00 – Risks of assuming older years don't matter 11:30 – IRS's ability to enforce collection with unfiled returns 13:00 – Impact of income reporting on filing requirements 14:30 – Opening doors to resolution options with correct filings 16:00 – Advice for individuals unsure about filing requirements About the Show: *Resilience and Resolve* with Lance Drury provides essential insights and guidance for individuals and small business owners dealing with IRS tax problems. With over 30 years of experience, Lance helps clients regain control in challenging tax situations, offering actionable strategies to navigate tax-related issues effectively.

Can the IRS Come After You Personally for Business Tax Debt?

Episode Summary: In this episode, Lance Drury discusses the implications of IRS personal responsibility for business tax debt. He explains how business structures may not always protect individuals, leading to potential personal liability for unpaid payroll taxes. Lance emphasizes the importance of compliance and timely tax payments to avoid personal exposure to IRS collections. Key Timestamps: 00:00 – Introduction 03:12 – IRS Trust Fund Civil Penalty 06:45 – Personal Responsibility for Sole Proprietors 10:20 – Impact of Business Closure on Personal Collection 14:05 – Compliance and Limiting Personal Exposure 18:30 – Avoiding Personal Tax Debt Risks About the Show: *Resilience and Resolve* offers valuable insights on navigating IRS challenges for small business owners and individuals. Lance Drury shares expert advice on resolving tax issues and regaining control when facing overwhelming IRS problems.

IRS Compliance Explained: Why Filing and Reporting Matter More Than Payment

Episode Summary: In this episode, attorney Lance Drury breaks down the crucial concept of IRS compliance in tax resolution. Compliance involves timely filing and payment of taxes, paving the way for negotiation with the IRS. Lance emphasizes the significance of filing over payment, highlighting common pitfalls and misconceptions that can lead to escalating tax debt. Key Timestamps: 00:00 – Introduction 01:30 – Definition of IRS Compliance 03:15 – Importance of Filing Over Payment 05:45 – Pitfalls of Non-Compliance 07:20 – Resolving Tax Debt Requires Compliance 09:10 – Impact of Compliance on Payment Plans 11:05 – Dangers of Partial Compliance 13:40 – Steps to Achieve Full Compliance 16:00 – Compliance at Federal and State Levels 18:30 – Final Advice on Getting Back on Track About the Show: *Resilience and Resolve* is a podcast hosted by attorney Lance Drury, guiding individuals and small business owners through IRS tax issues with over 30 years of experience. Discover actionable strategies and insights to regain control when facing overwhelming tax problems.

IRS Payment Plan Default: What Happens If You Miss Payments

Episode Summary: In this episode of *Resilience and Resolve* Lance Drury discusses the repercussions of an IRS payment plan falling apart. He highlights the critical implications of defaulting on agreements and offers insights into renegotiating new payment plans with the IRS. Key Timestamps: 00:00 – Introduction 01:30 – Meaning of IRS payment plan default 03:45 – Common causes of payment plan failures 05:20 – Renegotiating agreements after default 07:10 – IRS response time to defaults 09:05 – Impacts of defaulted plans 11:15 – Handling defaulted plans efficiently 13:20 – Mistakes complicating plan repairs 15:00 – Repairing defaulted plans 17:30 – Precautions before IRS escalates About the Show: *Resilience and Resolve* is a podcast series hosted by Lance Drury, focusing on assisting individuals and small business owners in navigating IRS-related challenges. With over 30 years of experience, Lance aims to provide clarity and solutions in tax-related matters.

Unfiled Tax Returns: What Happens If You Don’t File With the IRS

Episode Summary: In this episode of *Resilience and Resolve* Lance Drury sheds light on the intricate process of unfiled tax returns and the potential consequences individuals face when neglecting to file. He explains how the IRS handles non-filers, emphasizing the importance of taking proactive steps to avoid escalating tax liabilities. By sharing real-life scenarios and expert insights, Lance provides valuable guidance on navigating IRS challenges effectively. Key Timestamps: 00:00 – Introduction 01:30 – IRS Treatment of Non-Filers 03:45 – Consequences of IRS Preparing Returns for Non-Filers 05:12 – Impact of Failure to File Penalty 07:20 – Filing Compliance and Statute of Limitations 09:45 – Importance of Filing Last Six Years' Returns 11:10 – Risks of Delaying Filing and Fear of Owing Taxes 13:25 – Influence of Unfiled Returns on Payment Plans and Resolutions 15:40 – Steps to Address Unfiled Returns and IRS Settlement Options 18:05 – Final Advice for Those Behind on Filing About the Show: *Resilience and Resolve* with  Lance Drury focuses on empowering individuals and small business owners facing IRS challenges. With over 30 years of experience, Lance Drury offers strategic solutions and expert guidance to regain control over tax issues. Tune in for valuable insights and practical advice to navigate complex tax situations effectively.