Trust Fund Recovery Penalty Representation

Business owners who handle payroll taxes carry a major responsibility, and one of the most serious areas the IRS focuses on is the Trust Fund Recovery Penalty (TFRP). When the IRS believes that required payroll taxes were not collected, accounted for or paid, it may pursue individuals it deems “responsible” and assess steep personal penalties.

At Golden Lion Tax Solutions we help business owners and individuals navigate these high-stakes situations and resolve Trust Fund Recovery Penalty assessments so you can protect your finances and keep your business moving forward.

What the Trust Fund Recovery Penalty Is

The Trust Fund Recovery Penalty applies when payroll taxes — specifically Social Security, Medicare and federal income tax withheld from employees — are not turned over to the IRS. These funds are considered “trust funds” because the business is holding employee money in trust for the government.

If the IRS believes these taxes were not deposited properly, they can investigate and assign personal liability to individuals they consider responsible for decisions around collecting and paying those taxes. This can include owners, officers, bookkeepers and even managers who had authority over financial decisions.

A TFRP assessment can be financially devastating and often comes as a shock to the individuals targeted.

How We Help Resolve Trust Fund Recovery Penalty Issues

At Golden Lion Tax Solutions our team understands how stressful and complicated TFRP investigations can be. The IRS conducts detailed interviews, analyzes financial roles and may try to hold multiple people liable. We provide expert representation to protect you during the investigation and work to reduce or eliminate proposed assessments.

We Help By:

• Reviewing IRS notices, interview transcripts and case files
• Identifying errors in the IRS’s determination of responsibility or willfulness
• Communicating directly with the IRS to clarify facts and challenge assumptions
• Negotiating reductions or removals of proposed penalties when possible
• Guiding you through strategies to prevent future payroll tax issues

Our goal is to resolve the matter thoroughly while minimizing financial exposure and safeguarding your business.

Why Expert Representation Matters

Trust Fund Recovery Penalty cases are highly technical. The IRS often casts a wide net when determining who is responsible, and without experienced guidance you could be held personally liable for taxes you never intended to withhold or manage.

Having Golden Lion Tax Solutions by your side means you have professionals who understand the IRS’s investigative process and know how to respond in a way that protects your rights. We ensure the IRS’s conclusions are fully supported and challenge them when they are not.

Take the First Step Toward Relief

If you have received notice of a Trust Fund Recovery Penalty investigation or assessment, do not delay. These cases move quickly, involve strict deadlines and require detailed documentation.

At Golden Lion Tax Solutions we specialize in resolving complex IRS matters and helping business owners and individuals find clarity and relief.

There is ALWAYS a solution and we are the experts at getting it done.

Take the first step toward relief. Let’s find your solution together.