6/18/2023 0 Comments Ip pin irsIt adds a layer of security to the tax filing process and helps the IRS verify the. People should continue to file their taxes as they normally would. The IP PIN is a six-digit code assigned to eligible taxpayers by the IRS. During this period, the IRS will continue to accept tax filings, and it has no other impact on the current tax season. In the meantime, the transition does not interfere with the taxpayer’s ability to file their return or pay taxes owed. We will keep you posted on developments and next steps once the IRS has a new solution. The online Get an IP PIN tool immediately displays a taxpayer’s IP PIN however, the tool is currently down. It helps the IRS verify taxpayers’ identity and accept their electronic or paper tax return. It’s still unclear whether the IRS will change or eliminate the use of ID.me completely or only the facial-recognition piece for registration. An IP PIN is a six-digit number designed to prevent the misuse of Social Security numbers to submit fraudulent federal income tax returns. You can retrieve your PIN from the IRS by following these instructions. You must enter your PIN or file your return by paper. This comes after receiving backlash and concerns about the government making an outside company, ID.me, the gatekeeper of highly confidential information. Unfortunately, if you requested an IP PIN from the IRS in the past, you cannot bypass entering the PIN by selecting no. *Update: On Monday, February 7, 2022, the IRS announced it will reverse course and quickly develop an authentication process that does not involve facial recognition to access online tax accounts. If you need assistance understanding the new identity verification process, or applying for your PIN, contact your Aldrich Advisor for support. In addition to the increased security, taking advantage of these digital solutions can help create a seamless tax preparation process with your accountant.
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