equitable recoupment

Definition of "equitable recoupment"
  1. A principle that grants permission to the government to obtain a tax, or a taxpayer to collect a tax refund, even subsequent to the expiry of the legal period for such transactions, in cases where the expiration of the limitations period results in an unfair outcome
How to use "equitable recoupment" in a sentence
  1. Though the statue of limitations had passed, due to equitable recoupment they were able to reclaim the tax refund.
  2. The government used the doctrine of equitable recoupment to collect the tax past its usual collection period.
  3. Due to unjust circumstances, the taxpayer invoked equitable recoupment to recover their tax refund after the statute of limitations.

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