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.)
https://taxprof.typepad.com/taxprof_blog/2007/07/evading-tax-on-.html