The IRS Penalty That Makes Business Owners Personally Liable for Payroll Taxes
There’s one IRS penalty that keeps seasoned business owners awake at night, the Trust Fund Recovery Penalty (TFRP). If you are behind on payroll taxes, the IRS can pierce the protective veil of your business and come for you personally.
Bank accounts, wages, assets, everything you’ve worked for is at risk. Your business might not survive the hit, but worse, your personal finances won’t escape either. The IRS does not care if you were struggling to make payroll or just trying to keep the lights on. Once trust fund taxes go unpaid, the IRS moves in like a shark to collect.
This is where you need Steve Perry, EA, an Enrolled Agent, and tax problem solver, who knows exactly how to fight TFRP cases and win. Don’t wait until it’s too late. Call (678) 717-9818 or email [email protected] now for immediate help.
What Is the Trust Fund Recovery Penalty?
When an employer withholds taxes from employees’ paychecks, those funds are considered “trust fund” taxes. They don’t belong to the company, they belong to the government and are held in trust until deposited.
The IRS takes failure to deposit these taxes as theft. Employers who don’t hand over those payments are punished with the Trust Fund Recovery Penalty, one of the harshest penalties in the tax code.
Here’s why it’s so devastating:
It becomes a personal liability of owners, officers, or “responsible persons.”
It can drain personal bank accounts, homes, wages, and savings.
The IRS will assign a Revenue Officer whose sole mission is to collect until satisfied.
Unlike ordinary business debts, bankruptcy rarely eliminates it.
The moment you receive an IRS notice regarding the TFRP, your world changes. The IRS makes you sign Form 4180, their interrogation document, designed to pin you as the responsible party. One wrong statement can seal your fate.
The Real Consequences of Ignoring the TFRP
Too many employers think they can “work it out later.” That decision destroys lives. Once assessed, the penalty follows you relentlessly.
Wages garnished: Your paycheck can be slashed.
Bank accounts seized: IRS levies freeze and drain your liquid funds.
Family financial stability shattered: They don’t care if your kids need tuition, if your mortgage is due, or if your spouse depends on your income.
Business reputation ruined: Creditors discover the issue, employees lose trust, and vendors grow wary.
The TFRP isn’t a cold letter, it’s a financial hurricane that devastates everything in its path. Choosing not to respond immediately is choosing to lose control of your future.
If the IRS is circling, now is the time to lock arms with Steve Perry, EA. He has spent over a decade battling the IRS on behalf of business owners who felt cornered and defeated, guiding them with calm precision until the storm passed. Message Steve directly on LinkedIn www.linkedin.com/in/steveperrybtm.
How Steve Perry, EA, Protects You
When you work with Steve Perry, you’re not just hiring a tax professional, you’re hiring someone who negotiates with the IRS every single day and wins. He understands the intricate legal codes behind the TFRP and most importantly, how to use IRS procedure itself to your advantage.
Here’s what Steve does:
Identifies whether the IRS has wrongly targeted you as a “responsible party.”
Challenges Form 4180 findings and fights to have the penalty reduced or eliminated.
Negotiates collection alternatives so you can protect income, business stability, and personal assets.
Provides complete IRS representation, meaning you don’t face questioning or intimidation alone.
Steve Perry has built a reputation for being calm, aggressive when necessary, and always focused on saving his clients from devastation. Even in the most hopeless IRS cases, he finds leverage and solutions.
Your business is your livelihood. Don’t let the IRS tear it apart while you stand paralyzed in fear. Contact Steve immediately at (678) 717-9818 or email [email protected].
The Right Choice at the Right Time
The Trust Fund Recovery Penalty is the line the IRS doesn’t want you to cross, but once crossed, it becomes their most effective weapon against you. Every moment wasted gives them more power over your life.
Now is your moment to choose whether you’ll fight back. With Steve Perry, EA, you’re not just hiring a tax professional, you’re gaining a seasoned ally who knows the IRS playbook and has the skill to flip it in your favor.
Call now at (678) 717-9818, email [email protected], or message Steve directly on LinkedIn www.linkedin.com/in/steveperrybtm. One conversation could change the course of your future.
