This week we look at:
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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
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IRS discusses which date to use to value certain stock based compensation
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Changes made to maximum medical FSA carryovers for cafeteria plans
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IRS issues COVID-19 related relief for cafeteria plans
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The tax consequences of payments to students discussed in IRS FAQ which uses §139 to exclude them from income
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IRS releases inflation adjusted HSA and HDHP numbers for 2021
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