IRS troubles for Montoya

112racing

New member
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.
http://www.forbes.com/sites/janetnovack/2013/11/03/irs-waves-black-flag-at-race-car-driver-juan-pablo-montoya/?partner=yahootix
 

FLASHJR

Premium User
the real reason for all this is nascar wanted the money for the jet dryer that "broke" and was in his way.
 

GeorgeHenry

New member
He must have bought his stuff from KART PARTS DEPOT, just ask rainman from Surry, Virginia about their great customer service on return parts
LOL , Remember he wiped out the safety truck because the trailing arm broke under caution ,,, decent car ? Too funny .
 
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