Unraveling the Story of the 3 PINS - IRS Pins Explained
Tax season can be a complex and overwhelming time for many individuals. Amidst the countless forms and numbers, the Internal Revenue Service (IRS) has introduced several PINs to enhance security and streamline the tax filing process. In this blog, we will delve into the three different types of IRS PINs: the Self-Select PIN, the ERO EFIN & ERO PIN, and the IRS Identity Protection PIN. Understanding these PINs is crucial to ensure a smooth and secure tax filing experience. Let's explore each of them in detail.
1) Self-Select PIN:
The Self-Select PIN is the most commonly requested PIN and serves as a unique identifier for taxpayers. When filing your taxes with the assistance of a tax preparer, you will find a five-digit Self-Select PIN on the signed Form 8979. This PIN is generated by the tax preparer and signifies your consent for them to e-file your tax return on your behalf. It offers an added layer of security and ensures that only authorized individuals can file your taxes electronically.
2) ERO EFIN & ERO PIN:
Another PIN found on Form 8979 is the ERO EFIN & ERO PIN. This five-digit PIN is used to identify the Tax Preparer or Electronic Return Originator (ERO). The ERO PIN remains fixed and uniquely identifies the tax preparer throughout their activities. You may come across this PIN on confirmations and various documents related to the tax preparer's role in your tax filing process. It helps maintain accountability and traceability in the e-filing process.
3) IRS Identity Protection PIN:
The IRS Identity Protection PIN (IP PIN) is a crucial security measure designed to protect individuals who have experienced fraudulent activity in the past. If you have been a victim of tax-related identity theft or the IRS suspects potential identity theft, you can request an IRS IP PIN. This six-digit PIN is changed annually, and the IRS sends you a letter with your new IP PIN. If you have an IRS IP PIN, you can find it on the bottom of page 2 of your Form 1040 tax return. The IP PIN adds an extra layer of protection to ensure that only the rightful taxpayer can file their tax return.
Understanding the three different types of IRS PINs is essential for a smooth and secure tax filing process. The Self-Select PIN enables tax preparers to e-file your tax return, the ERO EFIN & ERO PIN identifies the tax preparer, and the IRS Identity Protection PIN safeguards against identity theft. By familiarizing yourself with these PINs, you can ensure a safer and more efficient tax filing experience.
At LSK Consulting Services, we specialize in providing expert tax guidance and assistance. If you have any further questions regarding IRS PINs or require professional assistance with your tax filings, do not hesitate to reach out to us. Our team of experienced professionals is ready to support you every step of the way.