Why an IP PIN Should Be Part of Your Cybersecurity Plan
IP PIN Introduction
Tax-related identity theft is a growing concern, and securing an Identity Protection Personal Identification Number (IP PIN) should be a top priority this tax season. The IRS flagged over 1 million potentially fraudulent tax returns by March 2023 for the 2022 tax season (Source). If your identity is stolen, it could take up to two years to resolve the issue with the IRS, according to the IRS Taxpayer Advocate. Taking proactive steps now can save you from future headaches and financial stress. (Source)
What is an IP PIN?
An IP PIN is a six-digit number known only to you and the IRS. It acts as an additional security measure to prevent unauthorized individuals from filing tax returns in your name. This unique code helps protect not only your tax identity but also that of your spouse and children.
Yes, even children can fall victim to identity theft. Additionally, if you’re involved in a contentious child custody situation where both parents rush to claim a child as a dependent, an IP PIN can help ensure the rightful claimant files correctly. However, if you are not legally allowed to claim the child, using an IP PIN to block the other parent is not advisable—consult legal counsel in such cases.
How to Get an One for Yourself or Your Spouse
Getting an IP PIN is a straightforward process. Here’s what you need to do:
Set up an ID.me account – This is required to verify your identity.
Visit the IRS website – Go to IRS IP PIN page.
Click the blue button – Follow the prompts to obtain your six-digit PIN.
Important Notes:
You must obtain a new IP PIN every year, typically in early February.
You cannot e-file your tax return without your current IP PIN.
Some taxpayers receive their IP PIN via mail, while others must retrieve it online. For example, my husband receives his by mail, but I do not.
How to Get an One for a Minor Child
Securing an IP PIN for a minor requires additional steps. Parents or guardians must complete Form 15227 and submit it to the IRS either by mail or fax. The form is currently available in both English and Spanish, making it accessible to a broader audience.
Conclusion
Obtaining an IP PIN is a simple yet effective way to safeguard your identity during tax season. Whether for yourself, your spouse, or your children, this added layer of security can prevent fraud and provide peace of mind. Don’t wait until it’s too late—get your IP PIN today and protect your financial future.
If you need help securing your IP PIN or have questions, feel free to schedule a consultation.
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