What Happens If You Ignore the IRS? Titelbild

What Happens If You Ignore the IRS?

What Happens If You Ignore the IRS?

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Episode Summary

In this episode of Resilience and Resolve, tax attorney Lance Drury discusses the serious risks of ignoring the IRS. From liens and levies to passport restrictions and mounting penalties, he explains why silence can make matters much worse. Drawing on over 20 years of experience defending taxpayers, Drury shares practical insights, common mistakes, and the critical steps individuals and business owners must take to protect their financial freedom.

Key Timestamps

0:45 – Why so many taxpayers ignore IRS letters and notices 2:10 – The unpredictable nature of IRS bureaucracy 3:15 – How ignoring notices leads to levies, wage garnishments, and bank seizures 4:30 – The dangers of substitute returns filed by the IRS 6:25 – Passport revocations for delinquent taxpayers 7:20 – How penalties and interest double IRS debt in less than eight years 8:55 – When the 10-year collection statute works in a taxpayer’s favor 10:15 – Why ignoring IRS letters creates bigger problems and how to respond 11:30 – The first steps toward resolution and settling for less than the full amount

About the Show

Resilience and Resolve is a podcast dedicated to guiding taxpayers through complex IRS challenges with clarity and confidence. Featuring tax attorney Lance Drury, the show offers practical insights to manage tax debt, navigate relief options, and develop effective long-term strategies to achieve financial stability.

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