Tax news January 2009

Tax

Castroneves takes back seat to Will Power while awaiting tax trial

In a press conference Tuesday, January 13, Tim Cindric, president of Penske Racing, announced that racecar driver Helio Castroneves will be replaced in the #3 Penske Indy Car by Aussie driver Will Power. Castroneves is awaiting his tax evasion trial, scheduled to begin March 2, 2009.According to Cindric, Power "will be stepping into the number three car for at least the first part of the 2009 testing while Helio's court case is being settled."Cindric stated, "We have three drivers for 2009," referring to Power, fellow Aussie driver Ryan Briscoe, and Castroneves.
Tax

A look back at famous tax cheaters of 2008

For tax cheaters, 2008 was not a good year. Celebrities, sports figures, and other famous people who underestimate the IRS may wish they could have a do-over for some of their previous activities.

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