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TOPC Potentia
Oct 102 min read
Understanding the Low-Income Communities Bonus Credit and the Latest IRS Final Regulations
October 10, 2024 1. Introduction The Low-Income Communities Bonus Credit Program, introduced under the Inflation Reduction Act of 2022,...
TOPC Potentia
Oct 102 min read
Charitable Contributions Involving Foreign Charities
October 10, 2024 With limited exceptions, individuals can generally only claim a charitable deduction for a contribution made to or for...
TOPC Potentia
Sep 132 min read
Flexible Spending Arrangements
September 13, 2024 A flexible spending arrangement (“FSA”) is a benefit program that provides employees an opportunity to contribute...