Prevent Identity Theft with an IP PIN
Identity theft is at an all-time high with how digital the world has become. To protect yourself within IRS, we highly recommend obtaining an Identity Protection Pin (IP PIN). This six-digit code is now considered best practice for safeguarding your tax return against identity theft. An IP PIN is unique to each taxpayer and helps prevent your Social Security number from being fraudulently used on a tax return. Another great way to prevent identity theft is to file your tax return as early as possible.
Here’s how it works:
If someone attempts to file a tax return using your Social Security number, they could possibly claim a refund of your withholdings or tax payments . This would prevent your legitimate return from being electronically filed , as one has already been submitted using your social security number. However, with an IP Pin, a fraudulent tax return cannot be electronically filed without listing your unique IP Pin.
The IP PIN is the IRS’s way of verifying that you, not someone else, are submitting your tax return.
Facts about the IP PIN:
- Six -digit code, unique to you
- This code is only shared between you and the IRS
- Obtaining an IP PIN is completely voluntary
- It is valid for one calendar year (January 1 to December31)
- A new IP PIN is issued to you each year
Your IP PIN should only be shared with the IRS and your tax preparer.
Additionally, just as a reminder the IRS will never call, email or text you, nor will they request your IP PIN through these communication avenues.
You can apply and receive your IP Pin by clicking HERE. To access this information, you’ll need an IRS Online Individual Account. Click HERE to read an article that provides more details about setting up and using your IRS Online Individual Account.
Unfortunately, your tax professional cannot apply for an IP PIN on your behalf. However, at ADKF, the Tax Controversy Department can help if you find yourself a victim of identity theft. If you have any questions on how we may help, please don’t hesitate to contact us at (210) 829-1300.
[KB1]protect yourself within IRS – specify IRS
[KB2]for safeguarding your tax return
[KB3]claim a refund of your withholdings or tax payments
[KB4]electronically filed
[KB5]electronically
[KB6]capitlize (all other bullets capitalized)
[KB7]another way to prevent is to file your tax return as early as possible (always worth mentioning)