MJM Income Tax

𝗛𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝗳𝗶𝗹𝗲 𝗳𝗼𝗿 𝗮𝗻 𝗜𝗘𝗘𝗣𝗔 𝘁𝗮𝗿𝗶𝗳𝗳 𝗿𝗲𝗳𝘂𝗻𝗱 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗖𝗔𝗣𝗘?
If you qualify for an IEEPA tariff refund, you’ll file through the CAPE tab in ACE.

Here’s what that process looks like:

1. Verify your ACE account -- Make sure your CBP Importer Record uses your company email, not your broker’s.
2. Set up ACH -- Refunds are paid by ACH, so your bank info needs to be set up in ACE.
3. Identify eligible shipments -- Review your Form 7501 records for IEEPA-related HTS Chapter 99 codes.
4. Prepare your CAPE declaration -- Your CSV needs one column titled “Entry Number,” with each entry number exactly 11 characters.
5. Submit and monitor your claim -- Upload the file in ACE under the CAPE tab and watch for your Claim Number.

A wrong digit, old email, or mismatched filer code can slow down the whole refund process.

We can help you review your records and figure out the right next step.

As AI becomes part of almost everything we do, human connection actually matters more.

No matter how smart technology gets, people still remember:
• Whether you listened to their specific problem
• If they felt understood when things got complicated
• Whether they could trust your judgment when it mattered

The companies that stand out over the next few years will be the ones that emphasize this human connection.

𝗪𝗵𝗮𝘁’𝘀 𝗼𝗻𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘆𝗼𝘂 𝘀𝘁𝗮𝘆 𝗹𝗼𝘆𝗮𝗹 𝘁𝗼 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝗮𝗻𝗱 𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝘆𝗼𝘂'𝘃𝗲 𝗺𝗮𝗱𝗲 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲𝗺?

Tag them below and celebrate the businesses that 𝙨𝙩𝙞𝙡𝙡 value human connection.

Who would have thought there was still IRS tax refund money to be claimed from the COVID era?
Or, in some cases, an abatement (aka a fee reduction or elimination).

But as with most things, there are specifics to qualification. Find out how to apply by reading the article (or let us help with that).

You May Be Entitled to a Tax Refund From COVID. How to File a Claim by the Deadline The deadline for filling out the claim is July 10 for most taxpayers.

𝙃𝙤𝙬 𝙙𝙤 𝙄 𝙩𝙧𝙖𝙘𝙠 𝙢𝙮 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙢𝙞𝙡𝙚𝙨 𝙩𝙝𝙚 𝙧𝙞𝙜𝙝𝙩 𝙬𝙖𝙮?

For 2026, the mileage rate is 𝟳𝟮.𝟱 𝗰𝗲𝗻𝘁𝘀 𝗽𝗲𝗿 𝗺𝗶𝗹𝗲. So if you drove 12,000 business miles, that’s an $8,700 deduction.

But to claim it, you have to keep a log that proves it. Your log must include:
• Date of the trip
• Where you went
• Business purpose
• Miles driven

And make sure you track this as you go rather than trying to rebuild it later.

Also worth knowing:
• Commuting from home to your regular office isn’t deductible…
• Driving between work locations or to client meetings is!

Comment MILEAGE below if you want help figuring out the right mileage tracking method for your business.