If your company has been importing goods into the United States over the past few years, there’s a real chance you’ve overpaid on customs duties, and may not even know it. Together with our partners, The Transaction Group (TTG) can help you with IEEPA Tariffs recovery assistance.  

Recent legal developments surrounding IEEPA tariffs have created a legitimate, time-sensitive window for U.S. importers to recover duties they’ve already paid. Add to that a landmark court ruling that may have paused your IRS deadlines for over three years, and suddenly the question isn’t whether your business has recovery opportunities, it’s how much you’ve been leaving on the table.

IEEPA Tariff Recovery Application

What Are IEEPA Tariffs, and Why Do They Matter to Importers?

The International Emergency Economic Powers Act (IEEPA) grants the federal government authority to regulate international economic activity during declared national emergencies. Over the past several years, IEEPA tariffs were levied on a broad range of imported products. Many U.S. companies paid the tariffs or duties without question.

Federal courts have been actively scrutinizing IEEPA tariffs, and recent rulings have shifted what’s possible for importers seeking refunds. The door is now open for qualifying importers to file for refunds on duties paid under certain IEEPA tariff programs, and U.S. Customs and Border Protection (CBP) has been developing formal refund procedures in response.

For businesses that imported affected goods, this could mean real money coming back, but only for those who actively seek them out.

How Much Could You Recover from IEEPA Tariff Refunds?

That depends on your import history, but the key questions to answer are:

• Which of your entries were subject to IEEPA tariffs?
• Are those entries still within the liquidation window?
• Has your documentation been preserved?
• Are there filing deadlines that apply to your situation?

The businesses that move quickly and conduct a thorough review of their customs history are the ones best positioned to recover the most. Those that wait risk losing eligibility entirely as administrative windows close and records become harder to locate. 

The Kwong Decision: A Tax Recovery Opportunity You Probably Haven’t Heard Of

While IEEPA tariff recovery is generating buzz in trade circles, there’s another significant financial recovery opportunity that’s flown under the radar for most businesses: the Kwong v. United States ruling.

This landmark federal tax decision determined that the IRS was legally required to pause most tax filing and payment deadlines nationwide — from January 20, 2020 through July 10, 2023. That’s more than three years during which many standard IRS deadlines were effectively suspended by law.

What does that mean for your business? It may mean that amended returns, penalty abatements, refund claims, and other filings you assumed were time-barred are actually still within reach. Many companies have already written off these opportunities as expired — without realizing the Kwong ruling may have kept the window open.

IEEPA Tariff Recovery Application

Don’t Overlook These Additional Recovery Programs

IEEPA tariff refunds and Kwong-related IRS recovery are only part of the picture. Businesses that do a comprehensive financial review often uncover multiple overlapping opportunities:

R&D Tax Credits — If your team has worked on product development, process improvement, software, engineering, or manufacturing efficiencies, you may qualify — even if you’ve never thought of yourself as a “research company.” These credits apply across manufacturing, construction, logistics, food production, and many other industries.

Cost Segregation Studies — Own or lease commercial property? If you’ve purchased, renovated, or expanded a facility, a cost segregation study can accelerate your depreciation schedule and meaningfully improve short-term cash flow.

When stacked together, these programs can generate substantial financial relief — far more than any single recovery effort in isolation.

The Clock Is Ticking

The legal and administrative environment around US importer duties refunds is still evolving. Court decisions, CBP refund procedures, and IRS claim windows are all subject to change — and in most cases, delay only works against you. Records become harder to locate. Deadlines pass quietly. And refunds that were once available simply disappear.

The businesses recovering the most right now are the ones that started their review early. TTG can help your business with IEEPA Tariffs recovery, but the window won’t stay open indefinitely

About The Transaction Group

Established in 2004, The Transaction Group (TTG) provides business services and payment processing solutions for companies across a wide range of industries throughout the United States and internationally. Our company works with businesses of all sizes to help identify operational, financial, and strategic solutions that support long-term growth and stability. We assist companies with solutions tailored to their specific needs rather than relying on a one-size-fits-all approach.

From IEEPA tariff recovery assistance and U.S. importer duties refunds to IRS penalty recovery, R&D tax credits, cost segregation studies, and specialized financial services, TTG works with businesses to help uncover opportunities that may improve cash flow, reduce unnecessary costs, and strengthen overall financial performance.

We proudly support businesses ranging from small independent operations and startups to large national and international organizations. Our mission is simple: provide knowledgeable guidance, dependable service, and practical solutions that help businesses make informed decisions and operate more efficiently.

If your business may qualify for IEEPA tariff refunds, IRS penalty recovery assistance, or other financial recovery programs, contact The Transaction Group to learn more about available opportunities and customized business solutions.

IEEPA Tariff Recovery Application