Monthly Archives: December 2025

Trust Fund Recovery Penalty: Florida Business Owners Risk Personal Liability

Florida business owners often assume that payroll tax issues only affect their companies, not them personally. However, the Internal Revenue Service (IRS) sees it differently. If your business fails to remit withheld employment taxes, the IRS can hold you personally responsible through what’s called the Trust Fund Recovery Penalty (TFRP). This penalty doesn’t just… Read More »