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 t...