Abstract:There are currently no statutory remedies for the double taxation of a taxpayer or transaction, only a judicial doctrine known as equitable recoupment. Equitable recoupment can be used by either a taxpayer or the government to avoid unjust enrichment caused by enforcement of the statute of limitations. It involves a single transaction subject to two different legal theories of taxation, a claim barred by the statute of limitations, and a sufficient identity of interest between the taxpayers. Until recently, eq… Show more
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