WESTERN CPE BLOG
Providing the latest tax news, information, and updates for tax and finance professionals
Should More of Our Clients Have IP PINS?
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.
-
Self-StudyFixed Asset Accounting
$351.00 – $391.00 Select options This product has multiple variants. The options may be chosen on the product page -
-
Self-StudyEthics for Accountants
$116.00 – $136.00 Select options This product has multiple variants. The options may be chosen on the product page -
EthicsEthics for Maryland
$116.00 – $136.00 Select options This product has multiple variants. The options may be chosen on the product page -
Self-StudyPassive Losses
$290.00 – $320.00 Select options This product has multiple variants. The options may be chosen on the product page -
Self-StudyMaking The Best of Bad Situations
$364.00 – $404.00 Select options This product has multiple variants. The options may be chosen on the product page -
-
