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Showing posts from February, 2021

Protect Your Identity- Use an Identity Protection PIN

Question: What can I do to help protect my myself from identity theft and tax-related fraud? Answer: One way you can protect your identity when filing your tax return is by taking advantage of the IRS's Identity Protection PIN program. The IRS has recently begun expanding the use of Identity Protection (IP) PIN's for those who wish to make use of the program. An IP PIN is a six digit code issued by the IRS and known only to the individual and his or her tax preparer. The PIN is submitted on the individual's tax return to verify their identity. Throughout the last decade IP PIN's have been issued to protect individuals who have suffered from identity related tax fraud. Now, beginning in 2021, the IRS is allowing individuals to request an IP PIN regardless whether they have been a victim of identity theft.  Because of the increasing risk of identity theft, we recommend you consider making use of this additional security measure when filing your taxes. Those who wish to ob