Old Colony Trust Co. v. Commissioner, 279 U.S. 716 (1929), was an income tax case before the Supreme Court of the United States.
HELD:
- When a third party purports to pay a person's income tax on his behalf, it must include the amount of the tax payment in the gross income on which it calculates his tax liability, because Federal income tax payments are not tax deductible.
Read more about Old Colony Trust Co. V. Commissioner: Facts and Procedural History, Majority Opinion, Academic Commentary
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