Our Privacy Policy

Privacy Policy

We collect nonpublic personal information about our clients from the following sources:

  • Information we receive from customers on applications, tax preparation worksheets, other documents we use in preparing tax returns, bookkeeping, qualifiying tenants for rental assistance, leasing apartments, insurance contracts, or other forms;
  • Information about your transactions with us or others; and
  • Information we receive from a consurmer reporting agency.

We do not disclose any nonpublic personal information about our customers or former customers, except as permitted by law.

If a customer decides to close their account(s) or become an inactive customer, we will adhere to the privacy policies and practices as described in this policy.

We restrict access to personal and account information to those employees who need to know that information to provide products or services to the customer.  We maintain physical, electronic, and procedural safeguards that comply with federal standars to guard nonpublic personal information.

Customer confidence in us is importnat and we want our customers to know that their nonpublic personal information is safe.

Disclosure and Use of Tax Return Information and Our Obligations

LFS Professional Services, Inc. holds all tax and financial information in the strictest confidence.

Federal law requires us to obtain consent before we use or disclose tax return information for purposes other than preparing tax returns.  We are well aware of the rules and restrictions involving the use and/or disclosure of tax return information, and we take our obligations extremely seriously.

  • Client Disclosure and Consent:  Provisions in the Tax Code are designed to provide safeguards regarding the transfer and use of personal tax return information.  These rules reaffirm that the client is in control of their tax return information, not us or the IRS.  The rules ensure that our clients know who their tax return information may be shared with, with and without their consent, and when it may be shared with and without their consent.

These rules give the client control over the use of their tax return information.  Unless the law allows us otherwise (in very limited circumstances), we cannot disclose, without the client's signed permission, their tax return information to third parties for purposes other than for the purposes of preparing their tax return.

  • What is Tax Return Information:  Tax return information is all the information we obtain from clients or other sources in any form or manner that is used to prepare income tax returns or is obtained in connection with the preparation of clients returns.  It also includes all computations, worksheets, and printouts preparers create; correspondence from IRS during the preparation, filing and correction of returns; statistical compilations of tax return information; and the return preparation software registration information.  The rules allow us to make two types of disclosures:
  1. Certain disclosures requiring client consent; and
  2. Certain permissible disclosures without client consent.
  • Disclosures/Uses That Do Not Require Client Consent:  The only disclosures of client tax return information that we can make without client consent are to:
  1. The IRS and other taxing jurisdictions
  2. Disclosures permitted under another provision of the Tax Code
  3. The courts
  4. Disclosures for the purpose of obtaining legal advise
  5. In limited circumstances, other U.S. based tax return preparers assisting in the preparation of your return
  • Disclosures/Uses Requiring Client Consent:  We must obtain client consent to disclose or use client return information to any third-party who is not a U.S. return preparer assisting in the preparation of the client's return.  For example, if a mortgage lender, attorney, or bank contacts our office for information about a client's return, or asks for information from it, we must obtain written consent beforehand.  By law, we are not allowed to provide tax information to a third-pary for any purpose with just a phone call or oral request, it must now be in writing!  Moreover, a client can establish the time at which they would like the consent to expire in the form itself.  If a client does not provide a specific date, the consent will lapse one year after the day the form is signed.

Consent to disclose or use tax return information - paper or electronic - must contain certain specific information. Every consent form must include:

  1. The tax preparer's name and the taxpayer's name
  2. The nature of the disclosure(s)
  3. To whom the disclosures will be made
  4. Details on the information being disclosed
  5. The particular use authorized
  6. The product or service for which the tax return information will be used

If you have any questions about the rules regarding use and disclosure of how our firm handles tax return information, please contact us and we will be happy to discuss our policies with you.