Explore BrainMass
Share

OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

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.

© BrainMass Inc. brainmass.com October 16, 2018, 7:34 pm ad1c9bdddf
https://brainmass.com/business/developing-relationships-and-trust/old-colony-trust-comr-internal-revenue-120280

Attachments

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 ...

Solution Summary

This solution gives you a detailed discussion on OLD COLONY TRUST CO. v. COM'R OF INTERNAL REVENUE

$2.19