refund

Millions of taxpayers have until July 10 to claim an IRS refund

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Millions of Americans may be due a refund from the IRS but face a July 10 deadline to claim the money, according to the National Taxpayer Advocate, a division of the agency that oversees taxpayer rights. The deadline stems from a federal judge’s November ruling that the IRS should have suspended tax filing and payment deadlines during … Read more

As US Customs refines its tariff refund system, who gets in to apply is under dispute

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NEW YORK — A U.S. Customs and Border Protection agency official is set to testify in federal court Tuesday about the U.S. government’s plans for refunding billions of dollars that importers paid before the Supreme Court ruled that President Donald Trump illegally imposed certain tariffs on goods from most other countries. Court of International Trade … Read more

IRS may owe you a refund for coronavirus-era fines. Here’s how to apply

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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 to receive $1.3 billion government refund for Trump’s IEEPA tariffs

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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

Feds have rejected 15% of businesses’ tariff refund claims

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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

Some businesses report issues with Trump administration’s new tariff refund portal

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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

Tariff refund portal off to bumpy start as some businesses report glitches

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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

Tariff Refund Portal Kicks Off: Who is Eligible for Reimbursements?

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