Secure your Tax Information

The IRS and Security Summit partners are reminding tax professionals and taxpayers about tools to fight tax-related identity theft. Two key resources are the IRS Identity Protection PIN (IP PIN) and the IRS Online Account.

IP PIN Program Highlights

  • A six-digit number known only to the IRS and the taxpayer 
  • Helps prevent identity theft and filing fraudulent returns
  • Voluntary but strongly encouraged
  • Renewed annually
  • Must be obtained directly by the taxpayer via the IRS website
  • Never share your IP PIN except with a trusted tax preparer

IRS Online Account Benefits

  • Secure access to personal tax information 
  • Prevents fraudsters from creating fake accounts
  • Allows taxpayers to share data with their tax professional

Tax Pro Account Features

  • Manages client authorizations securely 
  • Sends requests for power of attorney or tax info directly to clients
  • Helps protect sensitive client data

Multi-Factor Authentication (MFA)

Tax professionals are legally required to use MFA to protect client data. MFA adds a layer of security by requiring two or more verification factors—such as a password, a phone code, or a fingerprint—to access systems. This makes it much harder for unauthorized users to gain access, even if one factor is compromised. Best practices include: 

  • Using MFA across all systems
  • Updating MFA methods regularly
  • Never sharing usernames
  • Securing tax software and cloud storage

The IRS encourages tax pros to attend the Nationwide Tax Forums and stay informed via IRS e-News and social media.  

Taxpayer And Tax Professional Resources

For taxpayers and tax professionals, following IRS guidance is crucial. Resources to follow include:   

  • Nationwide Tax Forums. Educational seminars and workshops provide important updates on tax policy and identity theft prevention.  
  • IRS e-News bulletins. Electronic bulletins delivering significant updates on tax information and security.  
  • IRS social media handles. Provides timely updates and important announcements to keep taxpayers and tax professionals informed of current and emerging threats.  
  • Taxpayers are informed of new tools, protective measures, and the emerging threats are better positioned to take proactive measures towards their financial security. 

Concluding Remarks

Protecting sensitive tax information is the responsibility of the taxpayer, tax preparers, and the Internal Revenue Service. Utilizing tools like the IP PIN, IRS Online Account, and MFA helps mitigate the risks of identity theft and fraud pertaining to tax documents. These safeguards, paired with educational tax resources and IRS communications, help taxpayers remain empowered to manage their identity and vital information effectively. 

Learn more at IRS.gov 

Reach out to Sai CPA Services today for professional and reliable tax preparation services , ensuring your taxes are handled accurately, efficiently, and in full compliance with all applicable regulations. 

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