Tax comic · October 2026

Third Hook

Debits & Credits · Tariffs · Customs · Refund interest

Debits & Credits comic strip: Third Hook. Transcript below.Open full size

Debits & Credits, October 1, 2026. Laughs are nonrefundable.

Transcript. Panel 1, a dockside crate of widgets tagged bill of lading, IEEPA struck, §122 expired, §301 argued yesterday. Importer: “Same crates.” Officer: “Third statute.” Panel 2, a refund window posts “Corporate refund interest, effective Oct. 1: 6%,” with a teller: “They owe the duty back.” Customer: “With interest. A point less if you incorporated.” Panel 3, Debit at his desk with the file. Debit: “The citation changed. The crate did not.”

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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.