Ronald Finkelstein, Tax & Business Services Partner, Quoted in Forbes Article "Why To Give Generously Before December 31"
Forbes
By Ashlea Ebeling
![Ronald Finkelstein, Tax & Business Services Partner, Quoted in Forbes Article "Why To Give Generously Before December 31" Ronald Finkelstein, Tax & Business Services Partner, Quoted in Forbes Article "Why To Give Generously Before December 31"](https://www.marcumllp.com/wp-content/uploads/Ronald-Finkelstein-1-960x600.jpg)
Excerpt:
Here’s an extreme example. A widow recently got the big news that she got $500,000 in royalties for the rights to make a movie out of a book written by her late husband. That was a huge unexpected spike in income, so she went to her advisor, Ronald Finkelstein, a CPA with Marcum in Melville, N.Y. to talk tax. Her idea was to make a charitable contribution of $50,000 to $75,000 to set up a donor-advised fund at the Berkshire-Taconic Community Foundation in Sheffield, Mass., near where she keeps a second home. His answer: “This would be the year to do it.” She’ll get a much better tax benefit making the gift this year because she’s in a higher tax bracket than usual. That’s the key.