Condor Capital Management

Explore: Giving Day

Giving Day

Many Americans consider Thanksgiving and Black Friday to be the unofficial start of the Holiday season.  What many Americans don’t know however, is that the Tuesday after Thanksgiving is internationally known as “Giving Tuesday.” Started in 2012 by 92nd Street Y and the United Nations Foundation as a response to commercialization and consumerism in the post-Thanksgiving season, “Giving Tuesday” has quickly caught on in the philanthropic community. Last year, a total of $274 million dollars was raised on “Giving Tuesday,” with several large charities and companies such as the Bill and Melinda Gates Foundation and Facebook offering limited matching to participating donations.

Continue reading “Giving Day”

Share this article:
ABLE Accounts After Tax Reform

ABLE Accounts After Tax Reform

Recent federal tax reform legislation has added several favorable new tax provisions for ABLE (Achieving a Better Life Experience) accounts. ABLE accounts are tax-advantaged savings accounts for individuals with disabilities that are typically used to cover qualified disability expenses. Generally, an ABLE account is disregarded for purposes of determining eligibility for, and the amount of, any assistance or benefit provided under certain means-tested federal programs.

Continue reading “ABLE Accounts After Tax Reform”

Share this article:
Charitable Contribution Rules: 10 Years in the Making

Charitable Contribution Rules

Ten years ago, the Internal Revenue Service proposed regulations that would define how to value (and prove the actual value) of non-cash donations to charity.  The regs involved things like artwork, jewelry and other possessions whose value is often in the eye of the beholder.

Continue reading “Charitable Contribution Rules: 10 Years in the Making”

Share this article:
Tax Simplification That Really Is

Simplification

One of the biggest misnomers coming out of Washington is the idea of “tax simplification,” where Congress purportedly makes it easier for all of us to fill out our tax returns by adding several thousand pages of new rules, rates and lists of things we can and cannot deduct under new lists of circumstances. Continue reading “Tax Simplification That Really Is”

Share this article: