OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE
Not what you're looking for?
Short Case Brief OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE, 279 U.S. 716 (1929).
See attached file for full problem description.
Purchase this Solution
Solution Summary
This solution gives you a detailed discussion on OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE
Solution Preview
OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE
FACTS:
Mr. William Wood was the president of the American Woolen Company. He included the salary received and commissions in his tax return. The American Woolen Company pursuant to its contract with Mr. Wood paid income tax on his behalf.
The commissioner of Internal Revenue held that the payment of income tax by the American Woolen Company was an income in the hand of Mr. Wood and he was required to pay tax on ...
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.