Form 668-B, Levy, is the levy form a revenue officer uses to seize property. When the property is seized, the IRS also gives the owner Form 2433, Notice of Seizure, which lists what was taken. Unlike Form 668-A (bank) or Form 668-W (wages), which direct a third party to turn over money, Form 668-B is used when the IRS takes the property itself. Vehicles. Business equipment. Inventory. Real estate. In rare cases, a residence.

Why This Is the Rarest Form of Levy

Physical seizure is procedurally expensive for the IRS. Before a revenue officer can seize property, the IRS must clear internal approval requirements under IRM 5.10.2, obtain court approval before seizing a principal residence, get consent or a writ of entry to enter private premises, confirmed that no safer collection alternative exists, and determined that the seizure will produce net proceeds after sale and the cost of sale. The IRS does not seize property that will not produce money.

Because the bar is high, most taxpayers never see Form 668-B. When it does appear, it usually means prior levies failed, significant equity exists in reachable assets, and prior offers to resolve the balance were ignored or rejected.

What Happens Next

After Form 668-B is served, the property is appraised and advertised for sale. You have the right to redeem personal property any time before the sale by paying the balance plus seizure costs. You have the right to redeem real estate within 180 days after the sale under IRC Section 6337 by paying the purchase price plus 20% annual interest. Those redemption windows are the last chance to recover seized property.

Collection Due Process and the Levy Itself

Form 668-B is the levy itself. The CDP opportunity attached to the final notice of intent to levy (CP90, Letter 1058, LT11) came and went before the seizure happened. A CDP request filed now, after the seizure, is likely out of time. The remaining procedural paths include a Collection Appeals Program request (Form 9423), a wrongful levy claim under IRC Section 6343(b) if someone other than the taxpayer owned the property, and emergency judicial relief in extreme cases.

The One Call That Matters

If a Revenue Officer is standing in your business or driveway holding Form 668-B, every hour is expensive. Call us at (813) 229-7100 immediately. Seizure cases do get released, but the window is narrow and the strategy depends on what the property is, what equity it holds, and how much time remains before sale.