IRS: Tax Tip 2020-168
Identity Protection PIN Program will soon be available to Taxpayers Nationwide
IP Pins can present challenges/frustrations for both you and your client. We recommend familiarizing yourself with the options these tools present.
Here’s what taxpayers need to know before applying:
- The Get an IP PIN tool will be available in mid-January.
- This is the preferred method of obtaining an IP PIN and the only one that immediately reveals the PIN to the taxpayer.
- Taxpayers who want to voluntarily opt into the IP PIN program don’t need to file a Form 14039, Identity Theft Affidavit.
- The number is valid for one year. Each January, the taxpayer must get a new one.
- It must be entered correctly on electronic and paper tax returns to avoid rejections and delays.
- Taxpayers with either a Social Security number (SSN) or Individual Tax Identification Number who can verify their identity are eligible for the program.
- Any primary or secondary taxpayer or dependent can get an IP PIN, if they can prove their identity.
- The IRS plans to offer an opt out feature to the IP PIN program in 2022.
Tax Season is almost here….