WASHINGTON — Tens of millions of taxpayers who were penalized by the IRS during the coronavirus pandemic for failing to pay their taxes or filing late may qualify for a refund or termination of the penalties they incurred during that period. However, the relief is not automatic or guaranteed, and most taxpayers need to file … Read more
Ford Motor said on Wednesday it expects to collect $1.3 billion in U.S. government refunds for tariffs illegally imposed by the Trump administration. The Detroit automaker raised its annual guidance by $500 million, citing the projected one-time tariff boost. In February, the Supreme Court struck down tariffs President Trump authorized last year under the International Emergency Economic … Read more
Roughly 15% of tariff refund requests have been rejected since a government reimbursement portal launched on April 20, according to U.S. Customs and Border Protection (CBP). As of April 26, the federal agency had received more than 75,000 refund requests from U.S. businesses and other importers. More than 47,000 claims encompassing some 11 million tariff … Read more
Business owners describe issues with government’s tariff refund portal – CBS News Watch CBS News Business owners in the U.S. are reporting glitches and delays with the government’s new tariff refund portal. CBS News’ Shanelle Kaul has the latest. Source link
The Trump administration launched an online portal on Monday to begin refunding businesses impacted by tariffs the Supreme Court deemed illegal, but some have already reported issues with the system. CBS News MoneyWatch reporter Megan Cerullo has the details. Source link
Some businesses experienced problems accessing the U.S. government’s new tariff refund portal after the system launched on Monday. Rick Woldenberg, CEO of educational toy maker Learning Resources, told CBS News he got an error message when the company tried to file a claim for a tariff refund using the new Consolidated Administration and Processing of … Read more
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IE 11 is not supported. For an optimal experience visit our site on another browser. Skip to Content news Alerts There are no new alerts at this time 00:50 Trump tariff refund portal opens up for businesses 00:0000:00 Source link
NEWYou can now listen to Fox News articles! The Trump administration on Monday launched a new system to begin refunding $166 billion in tariffs to U.S. importers after the Supreme Court ruled the levies unlawful earlier this year. The system, known as CAPE, will allow U.S. Customs and Border Protection to issue consolidated electronic payments … Read more
The U.S. government is set to launch an online portal next week that lets businesses request refunds for tariffs deemed illegal by the Supreme Court. But payouts won’t be automatic, and legal experts said businesses could face other obstacles getting their money back. A federal agency, U.S. Customs and Border Protection (CBP), will boot up … Read more