The United States Tax Court has published a memorandum opinion by Judge David Laro, a U.S. Tax Court Judge, entitled "Estate of Kwang Lee v. Commissioner." The Tax Court held that an estate may not amend its petition to allege the affirmative defense of equitable recoupment to claim a refund for taxes alllegedly overpaid by the estate of the decedent's spouse.
Posted by Marc Patterson, Managing Associate Editor, Wealth Strategy Journal.
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