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Trust Fund Recovery Penalty Appeals: Fighting Personal Liability
Episode Summary
In this episode of Resilience and Resolve, Lance Drury, breaks down what every small business owner needs to know about the Trust Fund Recovery Penalty (TFRP) — and how to protect personal assets when payroll taxes go unpaid.
Lance explains who can be held personally liable, how the IRS identifies responsible parties, and why business owners should never handle these cases alone. He also shares key mistakes to avoid, insights on appealing a TFRP, and practical steps for anyone facing personal liability for payroll tax debt.
Key Timestamps
00:00 – What the Trust Fund Recovery Penalty is and when it applies
02:00 – Why business owners can be personally liable for payroll taxes
04:00 – How the IRS determines who the “responsible party” is
06:00 – What happens after a TFRP is proposed
08:00 – Common mistakes when trying to fight or ignore a TFRP
10:00 – The importance of hiring the right tax professional
12:00 – How the appeal process works and when it makes sense
14:00 – Why small business owners must stay compliant and informed
About the Show
Resilience and Resolve features Lance Drury, a seasoned tax attorney helping individuals and small business owners fight back against the IRS. Each episode delivers clear, practical advice on resolving tax disputes, protecting assets, and staying compliant with federal tax laws.
View all episodes
By resilienceandresolveEpisode Summary
In this episode of Resilience and Resolve, Lance Drury, breaks down what every small business owner needs to know about the Trust Fund Recovery Penalty (TFRP) — and how to protect personal assets when payroll taxes go unpaid.
Lance explains who can be held personally liable, how the IRS identifies responsible parties, and why business owners should never handle these cases alone. He also shares key mistakes to avoid, insights on appealing a TFRP, and practical steps for anyone facing personal liability for payroll tax debt.
Key Timestamps
00:00 – What the Trust Fund Recovery Penalty is and when it applies
02:00 – Why business owners can be personally liable for payroll taxes
04:00 – How the IRS determines who the “responsible party” is
06:00 – What happens after a TFRP is proposed
08:00 – Common mistakes when trying to fight or ignore a TFRP
10:00 – The importance of hiring the right tax professional
12:00 – How the appeal process works and when it makes sense
14:00 – Why small business owners must stay compliant and informed
About the Show
Resilience and Resolve features Lance Drury, a seasoned tax attorney helping individuals and small business owners fight back against the IRS. Each episode delivers clear, practical advice on resolving tax disputes, protecting assets, and staying compliant with federal tax laws.