A number of taxpayers have contacted the IRS about being identity theft victims and have straightened out their tax accounts. For these taxpayers, the IRS will issue a 6-digit identity protection personal identification number (IP PIN) that can be used instead of a Social Security number. The IP PIN is valid for a single use only when filing a 2010 federal tax return.
The IRS is contacting these taxpayers and assigning them an IP PIN; no action on the part of a taxpayer is necessary. If you have questions, contact the IRS at [email protected].
Source: Dec. 21 eNewsletter for Professional
The seizure of property by a public authority for a public purpose. Tax on gain realized on many conversions may be deferred.