The IRS relaunched its Identity Protection Personal Identification Number (IP PIN) program, urging U.S. taxpayers to enroll in it for enhanced security against identity theft and fraudulent tax returns. This six-digit number is assigned to each taxpayer and must be used when filing tax returns, providing an extra layer of security to prevent scammers from using the taxpayer’s Social Security Number and personal details. The IP PIN is valid for the current tax year, and a new one is issued annually to ensure ongoing protection.
Taxpayers who have been victims of tax-related identity theft are automatically enrolled in the IP PIN program. However, the IRS is strongly encouraging all taxpayers to proactively apply for this program to safeguard against potential tax fraud, especially in light of the recent National Public Data breach that exposed over 100 million Social Security Numbers. With personal data at greater risk than ever before, individuals need to take steps to protect themselves from malicious actors.
To obtain an IP PIN, taxpayers can create an account on the IRS website and undergo identity verification using ID.me. After the verification process, they can opt into the program by choosing between “Continuous enrollment,” which provides an IP PIN every year, or “One-time enrollment,” which only covers the current year. For individuals who are unable to register online, an alternative option is to submit Form 15227 or schedule an in-person appointment at a Taxpayer Assistance Center. It is advisable to enroll early in the year to prevent cybercriminals from filing fraudulent returns before legitimate taxpayers have the chance to submit their filings.
Once enrolled, taxpayers will receive their IP PIN via their IRS account or through mail delivery. It is crucial to keep the IP PIN confidential and only share it with a trusted accountant when necessary for tax filing purposes. While the IP PIN program is free to join, it offers essential protection for taxpayers, reducing the risk of fraud and providing peace of mind during the tax season.
In conclusion, the IRS’s re-launch of the IP PIN program underscores the increasing importance of protecting personal data in the face of rising cyber threats. By enrolling in this program, taxpayers can take proactive steps to safeguard their information and mitigate the risk of falling victim to identity theft and tax fraud. With data breaches becoming more prevalent, it is essential for individuals to prioritize their security and utilize the resources available to them, such as the IP PIN program, to stay one step ahead of malicious actors. By staying vigilant and taking advantage of security measures like the IP PIN, taxpayers can navigate the tax season with greater confidence and peace of mind.