Tags: Case, Legal Case, Supreme Court Of The United States Case, Unit Of Work.
Frank Lyon Company v. United States 435 U.S. 561 (1978) was a United States Supreme Court case in which the 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.