Helio Tax Evasion

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Cracking Down : The IRS is unbiased. And when they do, the penalties will be pitiless. Lately, Dancing with the Stars Winner and famous Race Car Driver Helio Castroneves has been charged with conspiracy and 6 counts of Tax Evasion for failing to report revenue to the IRS.
The Low Down : Helio Castroneves did not report revenue from 1999 to 2004. If found guilty, he could be facing jail time of 3 years or more. And on top of that punishment, he will be predicted to pay all the taxes on the money plus interest and penalties and associated court costs. So what exactly did he do wrong to risk this sort of punishment from the IRS? Read more…

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