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Form 668-B ND: What You Should Know

What IRS Seizures are Not As a general rule, the IRS can only levy your taxable income, not your personal bank accounts. IRS Cannot Seize your Bank Accounts, Investments What If I Don't Qualify for a Seizure? If you are not a U.S. citizen, don't have a U.S. address, income above the statutory poverty line, or you are being held without bail or have been found not guilty of an offense which could entitle you to bail, then a levy does not apply to you. Form 8606: IRS Seizure Request for Personal Property It is important to note that under 8606A, the amount of the levy need not be included in the amount of the tax return and the IRS doesn't have to file it with your tax return. If you are a U.S. citizen under the terms of 8606A and qualify for the relief, you may be able to claim the exemption for personal property (the amount of the tax return) and use the IRS levy amount to pay the penalty instead of the 1,000. The IRS won't accept you claiming a relief for your debt under section 7183(b). You only need to claim relief under 8605(f). If you cannot claim the exemption for personal property, then you are considered a nonresident alien and are subject to a tax on income from foreign sources. The IRS may, however, waive the tax on the income which is attributable to a part of the year in which the nonresident alien activity was carried on or from sources which are nonresident alien countries. 8606A: IRS Seizure Request for Personal Property Form 8606A: IRS Seizure Request for Personal Property (Download Form 8606 if: You aren't a U.S. citizen You are not a resident alien You don't have a U.S. home address (this exemption also applies to a nonresident in the U.S.) If you don't have this form, you can still file Form 5329 and fill it out on the back in a separate page (in Part D).

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