Ross v. United States

JONES, Chief Judge.

Plaintiff sues for refund of income taxes paid on an amount which the taxing authorities treated as a dividend, and which he claims should have been-treated as long-term capital gain.

In 1954 plaintiff owned 450 shares of capital stock in the Washington Loan and Trust Company of Washington, D. C., hereinafter referred to as the “Trust Company”, a banking corporation organized under the laws of the District of Columbia. The Riggs National Bank of Washington, D. C., hereinafter referred to as the “Riggs Bank”, is a national banking association organized under the banking laws…