Why You Should Get An IRS Identity Protection Pin
By getting an IRS Identity Protection PIN, you can be sure your identity will be safe from identity thieves who might steal your tax refund. IRS Identity Protection has proven to reduce the likelihood of fraud by more than 30%. It works by verifying your identity and reducing the chances of scams.
What is an IRS Identity Protection Pin?
An Identity Protection PIN (IP PIN) is a six-digit number that prevents someone else from filing a tax return using your Social Security number or Individual Taxpayer Identification Number. The IP PIN is known only to you and the IRS. It helps them to verify your identity when you file your electronic or paper tax return. Even though you may not have a filing requirement, an IP PIN still protects your account.
Who Can Get an IRS Identity Protection Pin?
If you were previously a victim of tax-related identity theft, and your issue was resolved or is currently being worked on, the IRS will mail you a CP01A Notice with your new IP Pin each year.
If you don’t already have an IP PIN, you may get an IP PIN as a proactive step to protect yourself from future tax-related identity theft.
How to get an IRS IPPIN?
The fastest way to receive an IP PIN is by using the online Get an IP PIN tool. If you wish to get an IP PIN and you don’t already have an account on IRS.gov, you must register to validate your identity. The IP PIN tool is generally available starting in mid-January through mid-November. Select the button below to get started
How does it work?
You will use the six digit PIN number for filing your electronic tax return if you’re using a DIY tax software program or either you will need to provide it to your tax professional. The PIN can also be used to file amended returns for previous years as well. The PIN number is valid for an entire calendar year and will continue to change every calendar year. Make sure you do not provide this number to anyone else other than yourself or your tax professional.
What happens if I lose my IP PIN?
You will need to retrieve it following the IRS guidelines.
There are still plenty of challenges to overcome with the IRS PIN program, but as an identity theft victim myself, I’d encourage every citizen to at least take advantage of securing one online. It may not save you from being a victim of identity theft all by itself, but it’s one more layer of protection that might just save you from a headache down the road.
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I’m Ktasha (“Tasha”), a seasoned expert in small business management and taxes. My expertise lies in supporting small business owners and self-employed individuals like you with tax management and overall business operations. I understand how challenging it can be to keep everything organized and running smoothly when you’re focusing on running your business. That’s why I’m here to help take the weight off your shoulders. I offer tailored service packages, as well as consultation and coaching services, to help simplify your business affairs and reduce stress. Whether you’re an experienced entrepreneur or new to the game, I’m here to help you navigate the complexities of business ownership and operations with ease.