IRS Notice CP15B Explained: What You Need to Do Next

Did you receive IRS Notice CP15B? This is a serious IRS notice because it means the IRS has assessed a Trust Fund Recovery Penalty (TFRP) against you personally. In this video, I explain what IRS Notice CP15B means, why the IRS sends it, how the Trust Fund Recovery Penalty works, and what your options may be after receiving the notice. The TFRP is commonly associated with unpaid payroll taxes and can allow the IRS to pursue certain responsible individuals personally for trust fund taxes that a business failed to pay. If you've received a CP15B, it's important to understand where you are in the IRS collection process and what steps may still be available to you. I cover: What IRS Notice CP15B means What the Trust Fund Recovery Penalty is Why the IRS may hold an individual personally responsible The relationship between CP15B, Letter 1153, and Form 2751 What happens after the TFRP is assessed What you can do if you disagree with the penalty Options if you can't afford to pay the balance in full If you owe the IRS or have been personally assessed a Trust Fund Recovery Penalty and want professional help resolving your tax problem, you can schedule a free tax relief consultation with Choice Tax Relief: https://choicetaxrelief.com/free-tax-... Or call us at 866-8000-TAX (866-800-0829). #IRS #CP15B #TrustFundRecoveryPenalty #TFRP #PayrollTaxes #TaxRelief #IRSNotice