MVLS and Frost Law: What is the Trust Fund Recovery Penalty? Webinar

This session will cover the concepts and issues related to the components, investigation, and assessment of the Trust Fund Recovery Penalty (TRFP) by the IRS. We will discuss who can be found willful and responsible and how to appeal the proposed assessment of the TRFP.

After this seminar, you will be able to calculate the TRFP, determine the period the IRS has to assess the TRFP, and identify the main components of the TRFP investigation and assessment process.

Speakers: Zoha Sohail and Zachary Lyda.

Zoha is an associate attorney focusing on tax controversy, assisting clients with a wide range of issues including collection enforcement defense, penalty abatements, and international tax matters.  She has extensive experience helping clients navigate federal and state audits, achieve compliance through voluntary disclosures, and manage financial accounts in foreign jurisdictions.  Prior to joining our firm, Zoha honed her skills at the University of San Diego Federal Tax Clinic and a San Diego boutique law firm, providing dedicated support to individuals and small businesses facing tax challenges.  Zoha earned her L.L.M. in Tax Law from the University of San Diego School of Law in 2019.

Zachary Lyda is an Associate at Frost Law, bringing a diverse background to his legal practice. Before joining Frost Law, Zachary honed his skills as a student attorney and supervisor at the University of Maryland Law School’s Low Income Taxpayer Clinic. Zachary holds a Juris Doctor, cum laude, from the University of Maryland and a B.A. in political science, magna cum laude, from The George Washington University.