equitable recoupment

equitable recoupment
equitable re·coup·ment n: a doctrine that allows the government to collect a tax or a taxpayer to collect a refund of tax after the running of the statute of limitations for such collection in cases where the statute of limitations creates an inequitable result

Merriam-Webster’s Dictionary of Law. . 1996.

equitable recoupment
n.
A doctrine that allows a taxpayer who mistakenly pays taxes too soon and is later assessed taxes for the same taxable event to reduce the new tax by the amount already paid.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

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