Federal Tax Update: Just kidding

https://vimeo.com/422254012

https://www.currentfederaltaxdevelopments.com/podcasts/2020/5/24/2020-05-25-just-kidding  

 

This week we look at:

• PPP guidance on foreign affiliates, §501(c)(12) utilities, the actual final extension of the PPP repayment date and the SBA backing off the threats on necessity of the loan certification
• IRS discusses which date to use to value certain stock based compensation
• Changes made to maximum medical FSA carryovers for cafeteria plans
• IRS issues COVID-19 related relief for cafeteria plans
• The tax consequences of payments to students discussed in IRS FAQ which uses §139 to exclude them from income
• IRS releases inflation adjusted HSA and HDHP numbers for 2021