IndyCar » Castroneves facing new US tax pressure


Helio Castroneves is facing renewed demands from the US Internal Revenue Service over allegedly unpaid taxes dating back over a decade, which nearly saw him go to jail in 2009.

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RawDawg

May 12, 2011 12:31 PM

FFS LEAVE HELIO ALONE!!!!!!!!!!

I am throughly disgusted by this.

The vindictive, overbearing, and heavy handed US government can't stand to be beaten and this is just revenge/payback for losing the trial in 2009. If he was acquitted in 2009 for the taxes between 2000-2004 AND paid $5M, how the hell can he be retried for the same time period? For them to come back and say he owes another $3.7M which amounts to $6.4M because of penalties for the same time period which he was ACQUITTED AND PAID $5M is outrageous. Obviously, even after the acquittal and payment they never let this go. This isn't about money or right or wrong this is a vendetta plain and simple. It's an embarrassment of abuse of power by the IRS. Completely shameful.

Danimal - Unregistered

May 12, 2011 1:45 PM

Typical IRS behavior they lost their trumped up case, got paid anyway and now they have a grudge against Helio. They want to run him out the country or break him. Funny how they let all the Lehman Brothers, Countrywide Home Loan mortgage and the rest of the security selling weasels get away with a trillion dollar theft of the U.S. banking system.

RawDawg

May 12, 2011 4:33 PM

Spot on Danimal

The US govt let all the Wall St crooks from Brokers, banks, and mortgage companies from Lehman Bros, Goldman Sachs, AIG, Countrywide etc not only fleece the American public and put the economy in a tail spin but turn around and loot the US govt for bail out money as well when they don't pay their fair amount of taxes any way. But the Govt is focused on a single guy who not only was found innocent but actually PAID money for the time in question. For the govt to turn around with ANOTHER case that is built probably on a deck on cards shakier than the first is despicable at best.

Kiko - Unregistered

May 12, 2011 4:51 PM

I don't know the ins and outs of US taxes, but surely if they think there is something wrong then the US Gov is perfectly entitled to investigate.

Surely though, with the money that somebody as successful as Helio is should have somebody on the payroll to do finances...

Maxx - Unregistered

May 12, 2011 6:09 PM

Somebody making as much income from so many different sources should have top level accountants taking care of all of this. I am all for helping out family and all, but, maybe his sister is in over her head. I would think Roger Penske would have advised him a long time ago on how to handle his income. By the way, he stole the climbing the fence routine from I believe it was Alex Zanardi.

Frank G

May 12, 2011 11:03 PM
Last Edited 1174 days ago

Not sure he stole the fence climbing from Zanardi...Zanardi if I remember well was known for doing donuts after a win.
Now back to the subject of the article...:P


chasmunch

May 15, 2011 3:51 PM

It's no secret to anyone state side...

If you ever get audited, let alone caught with discrepences, the IRS is on you for life...

Every receipt, every deduction, every off shore account, every penny better be backed up with proof of legitamate adherrance to the tax codes that are pertinent. No excuses of I didn't know...especially when you are fileing on big bucks.

Otherwise your "intent" is called into question...as we say here, where there's smoke, there's fire.

Unlike the clubby, familial arrangements overseas, in the US, Helio is just a contractor...Penske limits his liability and makes the contractor responsible for all monies paid to that person, LLC, team/group, posse...whatever Helio asks to have written on the PayToTheOrderOf line on those big fat checks.

If he plays dumb again, those fists raised in triumph in the adjoining picture will be gripping bars.

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