St Genevieve, MO, March 10, 2015:Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” posted a new blog on the LANCE DRURY LAW website entitled “What Would You Do if You Owed the IRS More Than $6 Million?”Celebrities who do not pay their taxes make headline news all the time even when they are swiftly resolved.
As Mr. Drury writes, “We often assume that famous movie stars have all the money in the world and wonder why and how they get into deep IRS debt.” He adds, “The recently revealed case of Robert DiNiro’s $6 million plus IRS debt sheds light on how this can happen.”
As Mr. Drury relates the story, the IRS was sending its communications to an old address. He writes, “By the time the debt came to his (Mr. DiNiro’s) attention, multiple fines and fees had brought his outstanding bill to $6.4 million.”
According to Drury, “Most public figures don’t usually deal with their debts as gracefully and swiftly as did Mr. DiNiro who wrote a check for the entire balance and had it hand delivered to the nearest IRS office.” More often than not says Drury, “Public figures get misled by greedy or just plain bad managers and corrupt tax preparers. Some public figures knowingly try to avoid paying taxes. Those are the ones who often end up in court, even jail.”
Likewise Drury relates, “It is much easier to miss out on IRS notices than you may think. Moving is one of the biggest causes of missed notices. When you move it is important that you file a Form 8822, Change of Address with the IRS. Responding promptly to all IRS correspondence is key. Because the longer you go without tending to your IRS bills, fees and penalties add up and that adds up to you owing more.” He continues, “Additionally, if you fail to respond within the given time frame, usually 30 – 90 days, you can miss out on certain advantages.”
The entire blog can be found at http://www.lancedrurylaw.com/owed-irs-6-million/
About Lance Drury
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 IRS tax resolution issues. He is able to evaluate the unique situation of clients and provide them with honest answers and a specific plan to best resolve their tax problems
About The Lance Drury Law Firm
Since 2006, the Law Firm of Lance R. Drury has been representing individuals and businesses in disputes with the Internal Revenue Service and State of Missouri Tax Commission. With offices located in Ste. Genevieve and Columbia, Missouri, we’re proud to be your local choice for Missouri tax services.