All elections have tax implications, but the impact of this year's contest may be unprecedented, they say.
The reforms aren't due to sunset until the end of 2025, but advisors say now is the time to act.
In some states, the conversions can lead to more taxes and a loss of pension exemptions.
States are in some cases trying to slap a tax on stock sales that happen after a taxpayer leaves.
Clients need to consider trust strategies as the expiration date on TCJA tax reforms draws nearer, advisors say.
New CPA test questions suggest accountants could be encroaching on advisor territory.
Some clients, advisors admit, look to the annual IRS "Dirty Dozen" tax scam list as a manual for dodging taxes.
Life insurance can help clients with expiring provisions of the Tax Cuts and Jobs Act, advisors say.
The "exit tax" would be slapped on wealthy taxpayers who move to another state.
There's not a lot to be gained by waiting an extra six months to pay taxes, they say.
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