CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

EXTENDED UNTIL MONDAY – Celebrate Mardi Gras with up to 50% off our New Orleans conference

An Identity Protection PIN (IP PIN), a unique six-digit number known only to the taxpayer and the IRS, helps prevent the misuse of a taxpayer’s Social Security number on fraudulent federal income tax returns, according to a recent blog by National Taxpayer Advocate Erin M. Collins. In calendar year 2022, about 525,000 taxpayers opted in to the IRS’s IP PIN program.

“When the taxpayer files their return, they include their IRS-provided IP PIN, signaling to the IRS that the return is authentic,” Collins wrote. “If a taxpayer has an IP PIN but does not include it on their return at filing, this signals to the IRS that the return may be fraudulent.”

My daughter, Holly, had her identity stolen and now has a brand-new shiny IP PIN for her 2023 tax return.  Better to have an IP PIN for you and your client before something goes bad.

STAY TUNED

Stay updated with more breaking tax-related developments by subscribing to Tax Bytes with Jessica Jeane, J.D.

Recent Stories

Next Up...

Looking for clever Valentines for accountants? Download our free printable designs and explore Valentine’s Day
3 min read
A New Orleans CPE conference with Western CPE offers focused mornings and lively evenings, making
4 min read
A family-friendly New Orleans CPE conference makes it easy to earn credits in the morning
4 min read