IRS Says Montoya Owes $2.7 Million

[Devin41]

From Jayski:

IRS says Montoya owes $2.7 million: The Internal Revenue Service is demanding $2.7 million in extra taxes and penalties from race car driver Juan Pablo Montoya, who, it asserts, had $9.5 million in taxable income in 2007 and 2008, nearly four times the $2.4 million he and his wife reported on their joint tax returns for the two years. In a previously unreported lawsuit filed in U.S. Tax Court, Montoya concedes that in those two years he had nearly $800,000 more in gross receipts, interest and partnership income than originally reported, but challenges the IRS other, even bigger dollar adjustments. Montoya, a 38-year-old Colombian citizen who now lives in state and local income tax free Miami with his wife, Connie Freydell, and three children, is hardly the first driver to run into trouble with the IRS. Coincidentally, he recently signed to drive in 2014 on the IndyCar team of Roger Penske, the billionaire CEO of Penske Automotive Group. That team already includes Brazilian Helio Castroneves, who placed second this year on the IndyCar circuit and is known beyond the track for winning Dancing With The Stars and for his 2009 jury acquittal on federal felony tax evasion charges.(full article at Forbes)(11-4-2013)

Guess he could ask Helio for advice on dealing with this

 

[4WideRacing]

Hmm, very interesting.

 

[Hendrick4life]

It could be a mix up sorta similar to Helio. I wish him luck.

 

[Markfan]

I guess you could say that . . . .

*puts on sunglasses*

he's had some Target on his back for a while.

YEAHHHHHHHHHHHHHHH

Ok I'll stop

 

[dalejrgamer]

There's only one main difference in this one: Helio was rushed into what should have been Greg Moore's ride until the unfortunate accident that fateful Halloween afternoon in 1999. JPM just joined Penske's IndyCar team on his own free will.

That's still a dust-up among him and the IRS, tho...

 

[jaqua99]

I'm not gunna lie, and I will probably get ridiculed for saying this....but am I the only one who finds this hilarious?

I like Juan, I really do, but something about his aura, his personality, his mannerisms, I find him to be a a funny guy. He makes me laugh, and the fact that out of all the drivers, its him that owes 2.7 million (which he can afford), makes me laugh