Frank Lyon Co. v. United States
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Frank Lyon Company v. United States, 435 U.S. 561, is a case in which the U.S. Supreme Court held that the title owner that acquired depreciable real estate as if the owner were a mere conduit or agent was indeed the owner and, for Federal income tax purposes, had the legal right to take tax deductions associated with depreciation on the building. The bank was Worthen Bank in Little Rock and the Frank Lyon Corporation engaged in the distribution of home furnishings, primarily Whirlpool and RCA electrical products.…mehr

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Frank Lyon Company v. United States, 435 U.S. 561, is a case in which the U.S. Supreme Court held that the title owner that acquired depreciable real estate as if the owner were a mere conduit or agent was indeed the owner and, for Federal income tax purposes, had the legal right to take tax deductions associated with depreciation on the building. The bank was Worthen Bank in Little Rock and the Frank Lyon Corporation engaged in the distribution of home furnishings, primarily Whirlpool and RCA electrical products.