An Identity Protection PIN (IP PIN) is a six-digit number issued by the IRS to safeguard your federal tax return from identity theft and fraud. It ensures that only you, or someone you authorize, can file a tax return using your Social Security Number or Individual Taxpayer Identification Number.

Why is an IP PIN Important?

Tax-related identity theft is on the rise, and fraudsters are constantly looking for ways to file false returns to claim refunds. An IP PIN acts as a lock on your tax account, blocking unauthorized returns. Without the correct IP PIN, the IRS will reject any e-filed return or delay the processing of paper returns with your SSN.

Who Should Get an IP PIN?

  • Victims of tax-related identity theft
  • Anyone who wants to proactively protect their tax return
  • Taxpayers who want extra peace of mind during tax season

How to Get an IP PIN

You can obtain an IP PIN through the IRS’s Get an IP PIN tool. The process requires identity verification, including access to your tax and financial records. Once enrolled, you will receive a new IP PIN each calendar year.

Important Things to Remember

  • Never share your IP PIN with anyone other than your trusted tax preparer.
  • Keep your IP PIN in a secure place – it is valid for one year only.
  • The IRS will never ask for your IP PIN via phone, email, or text.
  • An IP PIN is not mandatory for most taxpayers but is available for added protection.

Adding an IP PIN to your tax filing routine is a simple step that provides strong protection against fraud. If you have not already, consider applying for one today!

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Article provided by Tax News.