Champion golfer Jim Thorpe faces up to two years in jail and $4.1 million in fines after he pleaded guilty to failing to pay over $2 million in income taxes.
Thorpe, 60, a 13-time winner on the senior Professional Golf Association Champions Tour and three-time winner on the PGA tour, was charged earlier this year with four counts of failing to file an income tax return and three counts of failing to pay taxes on the $5.4 million in income he earned in 2002, 2003 and 2004.
Thorpe was the sole officer and director of a Florida company called JLT Inc. and also failed to file a corporate tax return in 2003.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access