Home > Motorsports > Helio Castroneves Owes More than $2.3 Million in Taxes

Helio Castroneves Owes More than $2.3 Million in Taxes

Helio Castroneves 2 by All your picture are belong to us.IndyCar driver and “Dancing with the Stars” winner Helio Castroneves owes more than $2.3 million in taxes according to the IRS. According to IRS agent Joann Levitt, the total amount that he owes comes from unreported income and improper deductions between the years of 1999-2004.

Castroneves denies commiting tax evasion and conspiracy because he relied on professionals, who handled his financial matters.

The trial is expected to take about two more weeks before his fate is in the hands of the jury. Castroneves, conquently, will likely not be driving in the IndyCar Series season opener on April 5 in St. Petersburg, Florida.

Will Power is currently his substitute driver.

(Photo by Adam Jakubiak)

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: