Tax comic · October 2026

Same Duty, New Hook, Part II

Debits & Credits · Tariffs · Customs · CAPE Phase 3 · Section 301

Debits & Credits comic strip: Same Duty, New Hook, Part II. Transcript below.Open full size

Debits & Credits, October 27, 2026. Laughs are nonrefundable.

Transcript. Panel 1, a client holds an IEEPA refund claim folder. Client: “IEEPA tariffs struck down. Refund, please.” Debit: “CAPE Phase 3 is open. For some.” Panel 2, Debit points to a timeline: IEEPA to February 20, Section 122 for 150 days to July 24, then Section 301 forced-labor tariffs. Debit: “Section 122 lasted 150 days. Then Section 301 forced-labor tariffs. Same rate.” Panel 3, Debit with his “It depends.” mug. Debit: “The duty stayed. The statute changed. It depends on the entry date.”

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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 · carlos@lapresallc.com · (917) 558-6393.