Tariff Refund Claims? “Messy” Business

In our October report, Tariffs: Coming to a Balance Sheet Near You- Recognition Impacts and Uncertainty, we comprehensively outlined financial reporting considerations for clients that have exposure to increased tariffs. In a section of that report, we discussed potential accounting considerations for legal challenges. In this report, we provide an update on considerations for potential tariff refund claims after oral arguments in front of the Supreme Court of the United States (SCOTUS) in the consolidated case on some of those