Recent changes to certain U.S. import tariffs have created refund opportunities for manufacturers, distributors, and retailers with global supply chains. U.S. Customs and Border Protection is now processing refund claims, which may provide significant cash inflow for many companies. This session is ideal for finance, tax, and supply chain professionals at companies impacted by these changes.
This session will cover the process for pursuing tariff refunds and the implications of receiving refunds. We’ll outline how to evaluate eligibility, manage documentation, and coordinate internally. We’ll also discuss planning for the impact on taxable income, cost of goods sold, asset basis, and financial results across multiple periods.
Jay Silver of CBIZ will host this discussion with members of the CBIZ Tariff Solutions team, focusing on practical steps to align refund activity with tax, accounting, and financial planning.
What You’ll Take Away:
- Key considerations for pursuing tariff refunds, including readiness, documentation, and cross-functional coordination
- How tariff refunds are typically treated for tax purposes under the tax benefit rule
- How refunds can impact inventory, COGS, margins, and the timing of income recognition
- Key distinctions for refunds tied to equipment and other capital investments
- Determine the effects of legal, technological, and membership changes on reserves.
- Practical steps for tax, finance, and supply chain teams to track, model, and report the impact of processed refunds
Moderator
Jay Silver, Managing Director, CBIZ
Presenter
Mark Baran, Managing Director, CBIZ