Sidestepping The Advertising Trap
In a recent Wilson Elser Client Alert, “A Trap for the Unwary Advertiser ,” Tom Manisero (Partner-White Plains) discusses a practice that can trip up accountants looking to use their current client list as a starting point for their advertising. While your clients undoubtedly can be fertile ground for expanding your practice, you have to be careful not to violate the Treasury Regulations implemented in connection with IRC § 7216, which protects confidential information obtained from 1040 clients.
