Ogden Daily Standard | 1920-03-10 | Page 4 | Strict Rules Issued for Refunding Taxes

STRICT RULES ISSUED m mm tikes Individuals Must Set Forth Full Details of Stock Dividends Received; Also Sales WASHINGTON.' March 10. Strict regulations were issued by the bureau of internal revenue to safeguard the government in refunding taxes on stork dividends, the collection of which was held unconstitutional yes" terday by the supreme court. In applying for overpayments due them, individuals must set forth full deiails of the stock dividends received, tofeether with a statement of any subsequent, sub-sequent, sale of such shares, and i.oust present statements from the corporations corpora-tions which distributed the dividends as io the amount paid and the year ! Whin the classes arecerificd, the tax paj er must be reimbursed or have the overchsirgo credited against any tax . instalments to which they are liable. Ir is expected that the amount to be lefunded by the government will bo lessened greatly by crediting against Income taxes this year, the first instalment instal-ment of which is due Monday. oo