IP PIN For Child: How To Get One From The IRS
Is your child a victim of identity theft? An Identity Protection PIN (IP PIN) from the IRS can help protect them. This guide explains how to get an IP PIN for your child, safeguarding their tax identity and preventing fraudulent tax returns.
Key Takeaways
- An IP PIN is a six-digit number that helps protect your child's tax identity.
- You can request an IP PIN for your child if they are a victim of identity theft or tax fraud.
- The IRS provides an online tool and other methods for obtaining an IP PIN.
- An IP PIN is valid for one calendar year and must be renewed annually.
- Protect your child's IP PIN like any other sensitive information.
Introduction
Identity theft is a growing concern, and children are increasingly becoming targets. A stolen Social Security number (SSN) can be used to file fraudulent tax returns, apply for credit, or even obtain government benefits. An Identity Protection PIN (IP PIN) is a six-digit number assigned by the IRS to help protect taxpayers from identity theft. This article will guide you through the process of obtaining an IP PIN for your child, ensuring their tax identity is secure.
What & Why
What is an IP PIN?
An IP PIN is a six-digit number that the IRS provides to eligible taxpayers to help protect them from tax-related identity theft. The IP PIN must be used when filing a tax return. It verifies the taxpayer's identity and helps prevent someone else from filing a fraudulent return using their SSN.
Why get an IP PIN for your child?
Children are particularly vulnerable to identity theft because their SSNs are often clean slates. An IP PIN adds an extra layer of security to your child's tax record, making it more difficult for someone to misuse their SSN. If your child has been a victim of identity theft in the past, obtaining an IP PIN is a proactive step to prevent future fraud. Even if your child hasn't been a victim, an IP PIN can provide peace of mind.
Benefits of having an IP PIN for your child:
- Protection against tax fraud: An IP PIN prevents someone else from filing a fraudulent tax return using your child's SSN.
- Early detection of identity theft: If someone attempts to file a return with your child's SSN but without the correct IP PIN, the IRS will flag it.
- Peace of mind: Knowing your child's tax identity is protected can alleviate stress and worry.
Potential risks of not having an IP PIN:
- Fraudulent tax returns: Someone could file a return in your child's name and claim a refund.
- Credit fraud: A thief could use your child's SSN to open credit accounts.
- Damage to your child's credit history: Fraudulent activity can negatively impact your child's credit score, even before they reach adulthood.
How-To
Steps to get an IP PIN for your child:
- Determine Eligibility: Your child is eligible for an IP PIN if they meet at least one of the following criteria:
- They were a victim of identity theft.
- They filed a tax return in the past.
- You received a letter from the IRS inviting them to apply for an IP PIN.
- Online Method: IRS Get an Identity Protection PIN (IP PIN) tool:
- Visit the IRS website and search for "Get an IP PIN."
- Use the “Get an IP PIN” tool, which requires identity verification through Secure Access. This generally involves creating an IRS account and verifying your identity through a multi-step process, including providing personal information and answering security questions.
- This method is the fastest way to obtain an IP PIN, but it requires internet access and identity verification.
- Mail Method: File Form 15227, Application for an Identity Protection Personal Identification Number:
- Download Form 15227 from the IRS website.
- Complete the form with your child's information and your information as the parent or guardian.
- Mail the completed form to the IRS address listed in the instructions.
- The IRS will review your application and, if approved, mail an IP PIN Notice (CP01A) to your address. This process can take several weeks.
- If you can't verify your identity online:
- If you can’t verify your identity through Secure Access, you’ll be directed to use Form 15227.
- Using the IP PIN:
- Once you receive the IP PIN, you must use it when filing your child's tax return. This includes both paper and electronic returns.
- The IP PIN is valid for one calendar year and must be renewed annually. The IRS will send a new IP PIN each year to eligible taxpayers.
Examples & Use Cases
- Scenario 1: Child Identity Theft Victim: A child's SSN was used to file a fraudulent tax return. The parent obtains an IP PIN for the child to prevent future fraudulent filings.
- Scenario 2: Proactive Protection: A parent wants to proactively protect their child's tax identity and obtains an IP PIN, even though the child has not been a victim of identity theft.
- Scenario 3: Filing a Tax Return for a Minor: A teenager has a part-time job and needs to file a tax return. The parent obtains an IP PIN to ensure the return is filed securely.
Best Practices & Common Mistakes
Best Practices:
- Protect the IP PIN: Treat the IP PIN like any other sensitive information, such as a password or bank account number. Do not share it with anyone other than the tax preparer, if applicable.
- Renew the IP PIN annually: The IP PIN is only valid for one year, so you must renew it each year to continue protecting your child's tax identity.
- File taxes early: Filing taxes early can help prevent identity thieves from filing a fraudulent return in your child's name.
- Monitor your child's credit report: Even if your child is young, it's a good idea to monitor their credit report for any suspicious activity.
Common Mistakes:
- Losing the IP PIN: If you lose the IP PIN, you'll need to request a new one from the IRS. This can delay the filing of your child's tax return.
- Sharing the IP PIN: Sharing the IP PIN with unauthorized individuals can compromise your child's tax identity.
- Forgetting to renew the IP PIN: If you forget to renew the IP PIN, your child's tax return may be rejected.
- Entering the IP PIN incorrectly: Make sure to enter the IP PIN correctly when filing your child's tax return. An incorrect IP PIN can cause delays in processing the return.
FAQs
Q: What is an Identity Protection PIN (IP PIN)? A: An IP PIN is a six-digit number assigned by the IRS to eligible taxpayers to help protect them from tax-related identity theft.
Q: How do I know if my child needs an IP PIN? A: Your child may need an IP PIN if they have been a victim of identity theft, have filed a tax return in the past, or you received a letter from the IRS inviting them to apply for an IP PIN. — 24-Hour Walgreens Near Me: Find Open Locations Now
Q: How do I get an IP PIN for my child? A: You can obtain an IP PIN for your child online using the IRS Get an Identity Protection PIN (IP PIN) tool or by filing Form 15227, Application for an Identity Protection Personal Identification Number.
Q: How long is an IP PIN valid? A: An IP PIN is valid for one calendar year and must be renewed annually. — Tremont Street Boston: History, Culture, & What To See
Q: What do I do if I lose my child's IP PIN? A: If you lose your child's IP PIN, you'll need to request a new one from the IRS.
Conclusion
Protecting your child's identity is crucial in today's digital age. Obtaining an IP PIN is a simple yet effective way to safeguard their tax information and prevent potential fraud. By following the steps outlined in this guide, you can take proactive measures to secure your child's financial future. If your child is eligible, take the time to apply for an IP PIN and ensure their tax identity remains protected. — Copies Near Me: Find Copy & Print Shops Locally
Start protecting your child's tax identity today! Visit the IRS website and apply for an IP PIN.
Last updated: October 26, 2023, 14:42 UTC
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