Montoya Runs Into Problems With The IRS


Juan Pablo Montoya


(WOMR file photo)


It looks like Juan Pablo Montoya is having more to deal with than just his change of jobs for 2014!

The Internal Revenue Service is demanding $2.7 million in extra taxes and penalties from race car driver Juan Pablo Montoya, who, IRS 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.  He is not the first driver to run into trouble with the IRS.  His future teammate, Helio Castroneves, recently had to do battle with the IRS, as well.

Coincidentally, he recently signed to drive in 2014 on the IndyCar team of Roger Penske, the billionaire CEO of Penske Automotive Group.

Could JPM’s new racing uniform look a lot like prison garb?



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