If I wanted to, I could write something in this space every week about the latest scam that is taking hold. Right now, we could discuss fake charities that are purportedly raising money in the wake of Hurricanes Helene and Milton. Or maybe talk about those who are claiming to raise money ahead of the election but are only lining their own pockets. There are only so many things one can do when it comes to combatting scams, though, and the tips on what to do to fight back would tend to all be the same no matter what the current fraud is.
Much of what one can do is being proactive and protecting yourself before problems arise. And there is one way you can do this when filing taxes that is unique enough it is worth mentioning, though. This is signing up for an identity protection personal identification number (IP PIN) with the IRS. This will give you an added layer of security and prevent anyone from filing a fraudulent return in your name without having this number. You can acquire this number now through November 23, 2024. After that date, the PIN system will undergo maintenance before opening again in early January 2025. From the IRS website on how to request an IP Pin if you so choose: The best way to sign up for an IP PIN is through IRS Online Account. The process requires identity verification, and spouses and dependents can also obtain an IP PIN if they complete the required verification steps. Once an IP PIN is issued, it must be on both electronic and paper returns. To get an IP PIN, taxpayers should create or log into their online account at IRS.gov and follow the steps for identity verification. Once verified, taxpayers need to click on the profile tab to request their IP PIN. IP PIN users must use this number when filing their federal tax returns for the current calendar year and any previous years filed during that same period. For those unable to create an Online Account, alternative methods are available, such as in-person authentication at a Taxpayer Assistance Center. More information is available on how to sign up at Get an identity protection PIN (IP PIN). Warmly, Josh Bousquet Connect to Us ~ Facebook ~ Twitter To ensure we don't make the folks at the IRS ornery, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.
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