Understanding your CP15B Notice

We charged you the TFRP for willfully failing to collect, account for, or pay employment or excise taxes. Find additional information for Employment taxes and the Trust Fund Recovery Penalty (TFRP).

You can apply online for a payment plan (including installment agreements).

Interest will continue to accrue until the balance is paid.

Not if you pay the full amount you owe by the due date on the payment coupon. However, interest accrues on the unpaid amount after that date.

To contest the penalty, you must:

1. Pay the portion of the TFRP attributable to one employee (i.e., the withheld tax for one employee) for each quarter the penalty was charged if the TFRP is based on employment taxes, or
   
   Pay the portion of the TFRP attributable to one transaction for each quarter the penalty was charged if the claim relates to a TFRP for excise taxes, AND
    
2. File a claim for refund on Form 843, Claim for Refund and Request for Abatement PDF, for each quarter at issue.

To suspend collection of the penalty, you must file your claim for refund and make the applicable payment. You must also post a bond with us for one and a half times the balance owed (the penalty amount minus any payments made).