The Internal Revenue Service (IRS) has once again launched a civil action in U.S. Tax Court against Helio Castroneves arguing that he still owes over $6 million to the Federal government.
In 2009, in a first trial, the Penske driver was cleared of evading taxes on $5.5 million in income, but the jury deadlocked on a conspiracy count, which later was dropped.
The IRS now says the Brazilian has to pay the extra taxes and fraud penalties on licensing income from Penske Racing Team from 2000 through 2004.
The trial involved complex evidence on racing contracts, tax law and offshore companies. Under his Penske licensing deal, Castroneves' income was to be sent to a Panamanian tax shelter, but it went to a Dutch annuity account instead.
In 2009, in a first trial, the Penske driver was cleared of evading taxes on $5.5 million in income, but the jury deadlocked on a conspiracy count, which later was dropped.
The IRS now says the Brazilian has to pay the extra taxes and fraud penalties on licensing income from Penske Racing Team from 2000 through 2004.
The trial involved complex evidence on racing contracts, tax law and offshore companies. Under his Penske licensing deal, Castroneves' income was to be sent to a Panamanian tax shelter, but it went to a Dutch annuity account instead.