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Recent Tariff Developments – Status of IEEPA Refunds and Fresh Tariffs Proposed by the Trump Administration

As U.S. Customs and Border Protection (CBP) begins issuing billions in IEEPA tariff refunds, new and expanded tariff proposals from the Trump administration are reshaping the trade landscape and introducing additional compliance considerations for importers. Latest CBP Filing Declares $20.6 Billion of Tariff Refunds on the Way to Importers About $20.6 billion in tariff refunds…

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The IRS Appeals Kwong: What It Means for Taxpayers, COVID-Era Interest and Penalty Relief and Why Waiting May Be Risky

The appeal many expected has arrived, but the real question is what comes next. For months, taxpayers and practitioners have wondered whether the IRS would ultimately accept the implications of Kwong v. United States or continue defending its interpretation of the COVID-era relief provisions under IRC §7508A(d). We now have part of that answer. The…

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CIT Rules Section 122 Tariffs Unlawful – Yet Most Importers Still Affected

On May 7, 2026, the U.S. Court of International Trade (CIT) ruled against the imposition of 10% temporary global tariffs by the administration under Section 122 of the Trade Act 1974 by calling it “unlawful.” In a split 2-1 decision, the court found that the administration failed to meet the strict legal requirements of Section…

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Time for Importers to Take Action: April 20 Starts the IEEPA Tariffs Refund Process

It’s finally time for importers to take the first step in claiming IEEPA tariff refunds. This long-awaited move forward comes after the U.S. Supreme Court deemed IEEPA tariffs imposed by the president unconstitutional and the Court of International Trade issued a ruling for Customs and Border Protection (CBP) to refund duties imposed under IEEPA tariffs…

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IRS Announces Critical Relief for Taxpayers Following Major Tax Law Changes

Revenue Procedure 2026-17  has been released, delivering urgent transition relief to taxpayers affected by the sweeping legislative changes in the One Big Beautiful Bill Act, commonly referred to as the OBBBA or OB3. This new guidance provides a fast-track framework for withdrawing or modifying elections under IRC §163(j)(7) and making late elections under §168(k)(7)—actions previously…

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CIT Suspends Immediate IEEPA Tariff Refunds Order to Allow Time for New CBP 7-Step ACE Refund Process

On March 6, 2026, the U.S. Court of International Trade (CIT) held a closed conference to discuss the government’splan for administering the International Economic Emergency Powers Act (IEEPA) tariff refunds. The CIT paused its earlier order for immediate IEEPA tariff refunds to allow U.S. Customs and Border Protection (CBP) time to account for the limitations…

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