• Allows the legitimate taxpayer’s return to bypass the identity theft filters;
• Prevents fraudulent returns from being processed; and
• Minimizes taxpayer burden associated with the potential delays caused when a return unposts because it failed one or more of the filters and required manual review.
Select taxpayers will receive a notice in mid-November notifying them that they will be receiving their IP PIN. Taxpayers will receive a second notice in December, which will contain the IP PIN.
This IP PIN is only good for the current year and a new number will be issued each year. The IP PIN must be reported on the Form 1040. Form 1040 will contain a series of six boxes next to the spouse’s occupation line for the IP PIN. If the taxpayer loses their IP PIN, the IRS will NOT provide them with a copy of the number. Read More
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