One thing that really bugs me about the theft of my 2011 IRS tax return information is that the IRS allows taxpayers to re-set the electronic PIN required to send a return electronically. According to TurboTax, this “out” or “fix” is for people who forget their five-digit PIN; just use zero in the first position of the PIN and you can then change the next four digits to anything you want.
This is another critical piece of data necessary to filing your 2011 taxes. I discovered this little loophole when TurboTax told me that the bogus return was first rejected because of an incorrect PIN, and then was subsequently accepted later that same day when the thief changed the PIN as described above.
How stupid is this?! Can you imagine how identity theft crimes would skyrocket if the PIN for your debit card/ATM card could be “fixed” in this way? Let’s just pull the scab off, and let the lunatics and idiots who created this loophole for the IRS run the damn world.
BTW, once your tax identity has been stolen, the IRS issues you an Identity Protection PIN that you put in the SIGN HERE section of your return. I hope the IP PIN doesn’t have the same crappy loophole as the regular PIN.
UPDATE 2013: Click here for informaton regarding security improvements.