Jan 01, 2021
In mid-January, the IRS is expanding their Identity Protection PIN (IP PIN) program to all taxpayers who can properly verify their identity. This is a six-digit number assigned to eligible taxpayers to help prevent their Social Security number from being used to file fraudulent federal income tax returns. It must be renewed each January with the IRS.
There are three ways to obtain an IP PIN:
Online at Get an IP PIN. This should be live mid-January. This tool uses Secure Access authentication to verify your identity. You will need the following information: an email address, your Social Security number or ITIN, tax filing status, mailing address and a financial account linked to your name, such as a credit card, student loan, mortgage, HELOC or auto loan, and a mobile phone to receive an activation code. You will see your IP PIN on screen immediately after successful completion of the tool.
By mail – if your income is under $72,000 you can complete Form 15227 and mail or fax it to the IRS. An IRS employee will call you to verify your identity using a series of questions. If you use this method, you will receive an IP PIN for the following tax year.
In person by making an appointment at a taxpayer assistance center. The closest one in the Corridor is in Waterloo, IA. To locate the one nearest to you, follow the instructions here: Taxpayer Assistance Center Locator. You will need to take along 2 forms of picture identification. If eligible, you will receive your IP PIN within three weeks in the mail.
The IRS warns to never share your IP PIN with anyone but your tax preparer. The IRS will never call to request your IP PIN.
If you are a confirmed victim of tax-related identity theft, there is no change to the IP PIN program for you. You can use the IP PIN tool noted above to retrieve a forgotten IP PIN.
If you have questions regarding the Identity Protection PIN Program, any of our accountants would be happy to help. They can be reached at 319-364-2945 in Cedar Rapids or 319-339-4884. We can meet via Zoom, conference call, or if necessary, in-person at either office.