Protect Against Identity Theft With IP PIN
By
Legacy Law Firm
·
1 minute read
In 2023, consumers across the United States lost a total of more than $10 billion to fraud, according to the Federal Trade Commission. More than a million of them were victims of identity theft, with reports of these and other types of scams up from the previous year.
With identity theft and taxpayer fraud on the rise, the Internal Revenue Service (IRS) is encouraging taxpayers to take extra caution when filing tax returns. One simple way to help safeguard your identity is to create an identity protection personal identification number (IP PIN) through the IRS. An IP PIN is a six-digit number that helps the IRS verify your identity when you are filing your tax return.
Continue reading to understand:
- the background and purpose of the Identity Protection PIN Program;
- how the IP PIN Program works;
- why security in tax filing is important;
- steps to improve tax-paying security; and
- staying secure when filing taxes.
