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This article completely misses the varied points actually made in Frank Lyon. This case was not overturned by the TRA of 1986 and is still used in law school to illustrate problems with determining tax ownership, substance over form, and the equity verses debt connundrum. This article illustrates the point that tax law should not be left to laymen. This article should be completely overhauled or deleted. Lawtaxecon (talk) 02:15, 20 August 2008 (UTC)[reply]
Later, this article can be reworked to delete the long quote from the syllabus. The fact summary can be reworked. There probably also needs to be a more specific brief description of the procedural history and the precise issues presented to and decided by the Court. Famspear (talk) 18:13, 12 December 2007 (UTC)[reply]