Thieves can impersonate individuals to file fraudulent tax returns, leading to rejected filings and extensive red tape with the IRS. To combat this, the IRS offers an identity protection PIN (IP PIN) that requires filing a unique code each year. However, concerns have emerged regarding the Department of Government Efficiency probing IRS systems, raising fears about potential data exposure and hacking vulnerabilities. Despite these worries, experts emphasize securing an IP PIN to safeguard against tax fraud.
Thieves can easily file tax returns in your name, stealing your refund and leaving you to deal with the IRS's rejection when you file your own return.
The IRS provides an identity protection PIN (IP PIN) that can prevent identity theft by requiring a unique six-digit code when filing taxes each year.
Concerns are rising about the Department of Government Efficiency's activities inside the IRS, with fears of potential data exposure and vulnerabilities to hackers.
Even with rising concerns, proactive measures such as obtaining an IP PIN can enhance personal security against tax identity theft.
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