The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for taxpayers. The program can be used by residents of the District of Columbia, Florida, Georgia, California, Delaware, Illinois, Maryland, Michigan, Nevada and Rhode Island. Appropriately, these states have a high incidence of ID theft. IP PIN program details Unless you are a victim of IRS identity theft, participation in this program is voluntary. You can opt-in to receive an IP PIN if you live in one of the included states and you filed a tax return last year. So why opt-in? The IRS uses the IP PIN to better verify the taxpayer's identity. It can prevent clever hackers from using your Social Security number to file fraudulent returns or access returns you've already filed. Keep in mind that if you choose to get an IP PIN, you'll need to use an IP PIN for all future filings. You can file your return as you normally would if you decide not to participate in the pilot program. Getting your IP PIN You can use special IRS tools to obtain an IP PIN and verify your identity through a two-factor authentication process. Go to the Get an IP PIN page on the IRS website to get started. A new IP PIN is generated for every filing season. It may be retrieved mid-January by logging into your account. Have you experienced ID theft? The IRS will continue to issue new IP PINs to taxpayers who have already been victimized by tax-related identity theft. It's expected that the IRS will open up the program to taxpayers nationwide once it works out all the kinks. Look forward to more developments. it. "Tax Tips" are published to provide current tax information, tax-cutting suggestions, and tax reminders. If you would like more information on anything in "Tax Tips," or if you'd like to be on our mailing list to receive other tax information from time to time, please contact our office. The tax information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance. We are trusted CPA advisors servicing Burr Ridge, Hinsdale, Willowbrook, Darien, Naperville, and all Chicagoland area. Do you need assistance with your business and/or personal tax returns? Would you like to have a trusted source for your accounting, allowing you additional time to focus on increasing your business? Do you use QuickBooks, or plan to in the future, for your accounting? We include these in all our service packages, customized to fit your personal or business needs. We are currently accepting new clients. Your initial consultation is free, so you have nothing to lose and everything to gain. Our experienced staff is available to help you streamline your accounting, giving you more free time for yourself. Set up an appointment today by calling (630) 320-3720 or email us at [email protected]. For more free resources, such as Tax Rates, Tax Organizers, and Record Retention Schedules, access our website www.monarchaccountinggroup.com. Monarch Accounting Group, Inc 145 Tower Drive, Suite 4 Burr Ridge, IL 60527 Phone (630) 320-3720
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
BLOGTo better serve our clients and friends, to keep you up-to-date and informed, our blog is a resource for tax tips and overall accounting related articles. We hope you find this useful! CATEGORIES
All
ARCHIVES
September 2023
|