Scammers could be coming for your next tax refund, and taking action now could stop them in their tracks.
The IRS wants you to secure your free identity protection personal identification number (IP PIN), a six-digit code that could save you from tax-related identity theft.
Without this code, scammers can’t file a fraudulent return in your name, even if they’ve stolen your Social Security number.
Anyone with a Social Security number or individual taxpayer identification number can get an IP PIN, as long as they can verify their identity. That includes your spouse and dependents. Getting PINs for your whole family provides comprehensive protection, since criminals sometimes file returns claiming other people’s children for tax credits.
Read on to learn about how to get a PIN, how it works and other key details.
How to get and use your IP PIN
The quickest way to secure your IP PIN is online at IRS.gov, through your online account. You’ll need to verify a new account with your identity using a valid driver’s license, passport or state ID.
Once you’re logged in to your account, navigate to the “Profile” tab , then click “Get an IP PIN.” Your PIN will display instantly. Make sure to keep track of it somewhere secure, but also know that you can always retrieve lost or forgotten PINs.
If you can’t create an online account, the IRS says there are other options to get an IP PIN, although they take longer.
If, on your last filed tax return, your adjusted gross income was below $84,000 (or $168,000 for married couples filing jointly), you can mail in Form 15227. The IRS will call the number you provide on the form to verify your identity, then mail your PIN through the U.S. Postal Service.
You can also visit a Taxpayer Assistance Center in person after first scheduling an appointment.
Once you opt into the IP PIN program, you’re in it for good. Every year, you’ll need to use your PIN when filing federal taxes, including any prior-year returns. If you forget to include it, your return will be rejected.
The PIN expires each December, which means you’ll receive a new one annually. If you created your account online, you’ll need to log in each year to get your new PIN, which is generally available from mid-January to mid-November. CP01A notices will be sent to those who applied in person or who are victims of resolved tax fraud issues.
Never share your IP PIN with anyone except your tax preparer, and only when you’re ready to file. The IRS will never call, email or text asking for it. Anyone who does is running a scam.
Waiting could cost you
Tax-related identity theft isn’t just an inconvenience. Resolving tax fraud takes significant time and effort, not to mention the stress and financial strain of waiting for a legitimate refund that could take months to receive.
This free tool from the IRS could be the difference between a smooth tax season and a bureaucratic nightmare. Why give thieves a chance when you can lock them out today?
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