The New York herald., 1920-12-29
U. S. WANTS STOCK
SALES REPORTED
Any Person Engaged in Buy
ing, Selling or Transferring
Must Make Return.
RULING ON CONTRIBUTIONS
Decision OH Transfers Amends
Article XVII. Of Regula-
tions. Of Treasury.

Spec4al Despatch to TIE NEW York HEKAfD
New York Herald Burean,
Washington. ID. c., Dec. rs
Every person wholly or partly en-
ghged in buying, selling or transferring
stocks must make a monthly return OF
all transactions 10 the Collector OF In
ternal Revenue under Treasury deci-
sion handed down to-day. The return
calls for detailed data as 20 every trans
fer of any character and report must
be made even when no sales are made.
At the same time a ruling handed
down by the Department will obviate the
necessity OF making amended returns by
all corporations which made deductions
from income OF contributions TO the Red
Cross or other war organizations. The
Attorney-General held that such contri-
buttons were not deductible. In to-day's
ruling tho Treasury announces that II
will accept statement of such contribu-
tions with the tax due and interest In
stead of new and complete ceturn for
the year.
The decision on stock transfers Is en-
amendment Of Article XVII of the reg
uistions and reads as follows:
Returns by persons making sales. (a)
all persons who are wholly or partly
engaged in the business Of buying. SELL
ing or transferring shares of stock.
whether such sales purchases or trans
fers shall be made, cleared. settled or
adjusted through a clearing house or
otherwise, shall on or before the 18th
day Of each month. and at any other
time designated by the Commissioner.
render. under oath. a true return OF all
such sales to said Commissioner for the
preceding month or for any other period
designated by the Commissioner, con-
tanning in detail the following data and
information
1. The month for which the return Is
made.
2. The name and address Of the per-
son, partnership, corporation or associa-
tion making the return.
8. The number of shares sold, loaned
and Borrowed. returned and tax paid as
follows:
(a) Par value shares through clear
ing house.
(b) Par value shares ex clearing
house. curb. over the counter.
(c) No par value shares, market
value 500 or less through clearing
house.
(d) No par value shares market
value 800 or less ex clearing house,
curb. over the counter.
(e) No par value shares market
value 500 through clearing house.
(f) Market value no par value shares
market value over 500 through clearing
house.
go No par value shares market
value over 500 ex clearing house, curb.
over the counter.
(hy Market value no par value
shares market value over 800. ex clear
ing house. curb, over the counter.
ID Transfers, calls. rights. when. as
and II issued. contracts and miscel-
laneous.
4. Number of shares cross trades.
s. The amount OF tax paid.
G. The amount OF stamps on hand on
the first day OF the month or other pea
riod
Z. The amount Of stamps purchased
during the Month or other period.
g. The amount of stamps on hand on
the last day of the month for which re-
turn is being made.
OBJ Provided that brokers known
strictly as floor brokers or two dollar
men. or traders. in lieu OF the foregoing
return shall render a return only as to
such sales as were not given up to or
cleared through some other broker In
cluding direct settlements, pass cuts or
scratched sales.
(c) Provided further that In the
event any broker who has not closed
business shall make no sales of stock
during any one month he shall file with
the Commissioner n statement to that ef
feet In lieu of a return.