Recent developments relating to IEEPA tariff refunds have created opportunities and challenges for manufacturers, distributors, and retailers with global supply chains. U.S. Customs and Border Protection has begun processing refund claims, which may provide significant cash inflow for many companies. As the tariff landscape continues to evolve, companies directly or indirectly impacted by these tariffs should be aware of a myriad of related issues and plan accordingly. This session is ideal for finance, tax, and supply chain professionals at companies impacted by these changes.
This session will cover
- Recent tariff developments
- Pursuing tariff refunds
- Issues that frequently cause delays
- Tax, accounting, and other implications of receiving or monetizing refunds
- Best practices for expediting refunds
- Evaluating eligibility
- Managing documentation
- Internal coordination
We’ll also discuss planning for taxable income, cost of goods sold, asset basis, financial reporting across multiple periods and lending transactions.
Jay Silver, Managing Director and Mark Baran, Managing Director of the National Tax Office and a member of CBIZ Tariff Solutions team, will lead this discussion, 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, the timing of income recognition and lending transactions
- Key distinctions for refunds tied to equipment and other capital investments
- Practical steps for tax, finance, and supply chain teams to track, model, and report the impact of processed refunds