Three-time Indianapolis 500 champion, Helio Castroneves was acquitted in 2009 of six counts of tax evasion after the IRS claimed he owed back taxes on earnings between 1999 and 2004. Now they claim that Castroneves owes an additional $3.6 million in taxes and $2.7 million in fraud penalties on the same income that was in… Continue reading →
Settlements
Deceased Guitarist Should Have Opted for Tax Settlements
Bo Diddley, who died at the age of 79 in 2008, had sold some of his music rights to pay for his medical care after a stroke. Shortly after, Diddley incurred a large tax debt, as the IRS is claiming taxes on the sale. Diddley’s managers were given permission by circuit judge Robert Roundtree to… Continue reading →
Make the IRS an Offer They Can’t Refuse, and Reduce Your Tax Debt with This Tax Settlement Option.
Chances are, you have heard the claims that your federal taxes can be settled for “pennies on the dollar” Sounds too good to be true, right? Although many of the companies advertising these claims are a scam, the IRS does have the authority to settle, or “compromise,” on tax debts, accepting less than the full… Continue reading →
