Enrolled Agent Exam [Part 1] 60, Identity Protection PIN and Fraud Prevention

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • The IP PIN is a mandatory six-digit number for taxpayers whom the IRS has issued one, used to validate identity when filing a tax return. • E-filed returns submitted without a required IP PIN are automatically rejected, while paper-filed returns without the PIN face significant processing delays. • Taxpayers can voluntarily obtain an IP PIN through the IRS's online tool, but they must pass a stringent identity verification process. • A new IP PIN is issued annually on a CP01A notice for confirmed identity theft victims and is only valid for that specific tax year. • If a client loses their IP PIN, the correct procedure is for them to retrieve it using the official IRS online portal, as the practitioner cannot obtain it for them. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep