Same Crate, New Hook
Open full sizeDebits & Credits, September 16, 2026. Laughs are nonrefundable.
Transcript. Panel 1, a client holds a customs invoice; an IEEPA stamp sits in a wastebasket marked SCOTUS. Client: “You said the emergency tariff died in February.” Debit: “The Court killed the hook. Not the bill.” Panel 2, three folders stand in a widget crate: IEEPA crossed out, §122 stamped Expired Jul 24, §301 still open. Client: “Then it was Section 122. A hundred and fifty days.” Debit: “Fuse went out. Crate stayed put.” Panel 3, Debit stamps the same invoice §301, Forced Labor, the “It depends.” mug at hand. Debit: “New cite. Same ten percent.” Client: “Substance over form?” Debit: “Form shopping. Pay the duty.”
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This alert is for general information only and is not tax, legal, investment, or accounting advice. Consult your own advisers before acting. Carlos A. Schmidt, MBT, MBA, CPA · Managing Member · carlos@lapresallc.com · (917) 558-6393.