Paul L. Caron

Thursday, July 12, 2007

Evading Tax on the Sale of Human Bodies

Odd story from the L.A. Times:  Ex-director of UCLA Cadaver Program Gets Plea Deal; Henry Reid Will Plead Guilty to Filing a False Tax Return, by Stuart Silverstein:

One of the alleged participants in a cadaver-trafficking scheme at UCLA's medical school has agreed to plead guilty to filing a false federal tax return and admitted to concealing $54,400 in income. The plea agreement announced by authorities Tuesday resolves the federal tax case against Henry Reid, an embalmer from Anaheim who directed UCLA's "willed-body" program from 1997 to 2004. ...

In the federal tax case, which was not made public until Tuesday, Reid was charged with filing a false tax return in 2002. In the plea agreement, however, he admitted that he failed to report $54,400 in income over a four-year period, from 2000 to 2003. Reid agreed to pay the federal government $24,273 in restitution.

Reid sold the bodies to a middleman, who re-sold them for over $1,000,000.  (Hat Tip:  Joe Kristan.)

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» A new twist on death and taxes from Don't Mess With Taxes
When Ben Franklin uttered his famous quote about two of the most dreaded inevitabilities we face, I'm pretty sure he never envisioned them meeting up quite this way:The former director of UCLA's Willed Body Program pleaded guilty to federal tax charges... [Read More]

Tracked on Jul 16, 2007 8:49:54 AM