January 18, 2011

Jim Thorpe Released From Prison on Taxes Charge


Golf great Jim Thorpe is hoping to get his life back together after spending a year in jail for failing to pay his income taxes. Thorpe failed to pay over a million dollars in taxes over the last decade, and in addition to his time in jail he will now have to pay over two million including the extra fines and levies assessed.

Thorpe will now enter two years of supervised release, and he also has to complete a full 200 hours of community service, under the deal his tax lawyers and defense attorneys worked out with the IRS for his tax debt and legal punishment..

Many resources for tax help and assistance with tax problems are available, and one can look up countless resources online especially at this time of year when income tax is due to be tallied up and collected.

Jim Thorpe Released From Prison on Taxes Charge
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Jim Thorpe was released from prison today. His release follows a prison term where he failed to pay income taxes. Thorpe was given an early release; originally sentenced to one year in prison. Thorpe pleaded guilty for failing to pay $1.6 million in taxes from 2002 to 2004 in September 2009. In 2000, he had joined the 50-and-older tour but in February 2010, he was suspended from the Champions Tour and sentenced to one year in prison. Due to his failure to pay his income taxes, he will now have to pay $2 million to the IRS plus interest and penalties.

Jim Thorpe Released From Prison on Taxes Charge

Posted at January 18, 2011 3:11 AM