Over the last few years we have seen increased identity theft happening at the IRS level where someone uses your name, social security number and address to file a fraudulent tax return and receive a large refund. Anyone who has had this happen knows what a stressful time it is to resolve the issues. Taxpayers were then given a secure pin for future filing.
Now the IRS is opening the PIN system to anyone who would like to secure their tax return. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers’ personally identifiable information.
“This is a way to, in essence, lock your tax account, and the IP PIN serves as the key to opening that account,” said IRS Commissioner Chuck Rettig. “Electronic returns that do not contain the correct IP PIN will be rejected, and paper returns will go through additional scrutiny for fraud.”
Taxpayers who want an IP PIN for 2021 should go to IRS.gov/IPPIN and use the Get an IP PIN tool. This online process will require taxpayers to verify their identities using the Secure Access authentication process if they do not already have an IRS account. Once taxpayers have authenticated their identities, their 2021 IP PIN immediately will be revealed to them.
Seems simple enough. Let’s all take this step to secure our identity!