Identify theft is on the rise and costs the US economy billions of dollars each year. To help ease the pain and combat identity theft, the IRS picked Florida as one of three test markets where all taxpayer can now apply for an Identity Protection Number (PIN).
<span class=”pullquote”>The PIN is to be used on a person’s tax return in addition to their Social Security Number. This is an added precaution that will help verify the filer’s identity. </span>
Up to now, a person could only qualify for a PIN after proving they were a victim of identity fraud. That requirement has now been waived under the new pilot program which was implemented Georgia and the District of Columbia as well.
Those seeking an identity protection number are encouraged to visit online at www.irs.gov/getanippin to register and create their account. As part of the process, applicants will need to verify their identity. They will then have to use their new number on all future federal income tax returns.
Once in the program, taxpayers will be required to their identity protection PIN each year they file taxes. A new number will be mailed out to them prior to the filing season. Once in the system, there is no way to opt out.