Tax comic · October 2026

Statutory Hopscotch

Debits & Credits · Tariffs · Customs · Section 301 · Section 338

Debits & Credits comic strip: Statutory Hopscotch. Transcript below.Open full size

Debits & Credits, October 29, 2026. Laughs are nonrefundable.

Transcript. Panel 1, a client clutches an urgent folder of tariff notices beneath a sign reading “Imports require certainty. Law delivers complexity.” Client: “IEEPA struck down, 122 expired, now 301 and 338 swaps tomorrow. Refund or new bill?” Panel 2, two hands swap labels on a crate: IEEPA for Section 122, Section 301 for Section 338. Panel 3, Debit with his “It depends.” mug. Debit: “The rate is temporary. The statute is permanent. The answer is it depends.”

Get the next one by email

Client alerts go out about once a week.

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.