Short Case Brief OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE, 279 U.S. 716 (1929).
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OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE
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 ...
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