IRS Seizure of Assets in Phoenix

IRS Seizure of Assets: What Phoenix Taxpayers Need to Know

When it comes to unpaid tax debt, the IRS has several tools to enforce collection. One of the most drastic measures is the seizure of physical assets, including your home, car, or other valuable property. While rare, asset seizures are a reality for Phoenix taxpayers who ignore repeated IRS notices for an extended period.

At Hockett Tax Resolution, we’ve helped countless individuals and businesses in the Phoenix area protect their property and find solutions to tax problems before they escalate. Here’s what you need to know about asset seizures and how we can help you avoid them.

What Triggers an IRS Asset Seizure?

The IRS uses asset seizure as a last resort after exhausting other collection methods, such as wage garnishments or bank levies. This step typically occurs when:

  • You’ve ignored multiple IRS notices and failed to respond.
  • The tax debt is substantial and unresolved.
  • No payment plan or resolution is in place.

For Phoenix taxpayers, this can mean the loss of essential property, including:

  • Your home: The IRS can seize and sell your house to satisfy a debt, though it requires additional court approval.
  • Vehicles: Cars, trucks, or boats are common targets.
  • Business property: The IRS may even take equipment critical to your livelihood.

These actions can have devastating effects on your family or business, especially in Phoenix’s competitive housing and economic environment.

How Phoenix Taxpayers Can Prevent Asset Seizures

Avoiding an IRS seizure starts with understanding your responsibilities and taking proactive steps:

  1. Open IRS Letters Immediately: Ignoring IRS notices only escalates the problem. Address correspondence promptly to avoid further action.
  2. Act Quickly to Resolve Debt: Contact a tax professional to explore resolution options, such as a payment plan or settlement.
  3. Stay Current with Tax Filings: Unfiled tax returns worsen your situation and may increase the likelihood of enforcement actions.
  4. Get Professional Help: An experienced tax resolution specialist can negotiate with the IRS and find a solution tailored to your situation.
Talk to a Tax Expert

How Hockett Tax Resolution Protects Phoenix Taxpayers

At Hockett Tax Resolution, based in nearby Peoria, we specialize in protecting Phoenix-area taxpayers from the harshest IRS actions, including asset seizures.

Here’s how we can help you:

  • Immediate Action to Halt Enforcement: We’ll communicate directly with the IRS to stop or postpone seizures while we work on a resolution.
  • Thorough Case Review: Our team will review your tax filings, identify any compliance issues, and address them promptly.
  • Negotiating Payment Solutions: Whether it’s an installment agreement or an Offer in Compromise, we’ll create a plan to satisfy the IRS while protecting your financial stability.
  • Guiding You Every Step of the Way: With over 30 years of experience, we’ve built a reputation for helping Phoenix taxpayers resolve their tax problems efficiently and effectively.
Talk to a Tax Expert
☆☆☆☆☆

“Jeff and his team are incredibly efficient, responsive, and professional. They take the time to explain and educate. I would highly recommend them to anyone.”

David M. | Arizona

☆☆☆☆☆

“Talk to Jeff about getting your taxes done, he makes it very easy and he is very responsive to questions.”

Terry H. | Arizona

Why Phoenix Residents Trust Hockett Tax Resolution

Jeff Hockett, founder of Hockett Tax Resolution, is an Enrolled Agent (EA) with a deep understanding of the tax code and extensive experience resolving complex IRS issues. Our firm is dedicated to helping individuals and businesses in Phoenix protect their assets and achieve peace of mind.

As a family-owned and operated business, we combine local knowledge with professional expertise to deliver the best possible outcomes for our clients.

Take the First Step Towards Resolution

Dealing with an IRS issue can feel overwhelming, but you don’t have to face it alone. Hockett Tax Resolution is here to guide you through every step of the process, providing expert advice and support.

Confidential and Non-Judgmental Service

We understand that dealing with an IRS tax problem can be sensitive. Our team provides confidential, respectful, and non-judgmental service, focusing on your financial well-being and peace of mind.

Start Your Tax Resolution Journey

Start Your Tax Resolution Journey with Jeff Hockett, EA

Fill in the form below and we'll contact you to schedule a free case evaluation! During the evaluation we'll discuss your specific situation and create an action plan to end your tax problem!