• Trust Fund Recovery Penalty (TFRP) Risks: Small business owners may be personally responsible for unpaid payroll taxes, risking personal assets like homes and savings. 
• Common Mistakes: Cash flow issues lead to unpaid payroll taxes, and failing to designate payments properly increases personal liability. 
• IRS Enforcement: The IRS aggressively pursues responsible individuals, including business owners, officers, and check signers, even in bankruptcy. 
• Prevention Strategies: Prioritize payroll taxes, correctly allocate payments, verify payroll providers, and seek expert help to avoid severe financial consequences.  

Running a small business comes with financial challenges, but few are as devastating as the IRS’s Trust Fund Recovery Penalty (TFRP).…