Castroneves captures tax victory

May 24, 2009

IndyCar champ Helio Castroneves won the pole for today's Indianapolis 500, but regardless of the outcome of the race, he's already claimed a significant victory.

On Friday, federal prosecutors dropped the remaining tax evasion conspiracy charge against the Brazilian driver and his sister. Now Castroneves can concentrate completely on his track tasks.

The other IndyCar series competitors better be worried.

In his first race of the season, just hours after a federal jury in Miami acquitted him (and his sister) of the other tax-evasion charges, Castroneves finished seventh in Long Beach, Calif. The next race in Kansas, he came in second.

Starting from P1 today at Indy, the fan favorite is also a favorite to take IndyCar's biggest race.

From court to course: The season didn't start out so well for Castroneves. Trial on tax evasion charges meant the 34-year-old driver missed the open-wheel series' first race of 2009. But team owner Roger Penske assured Helio that he would have a ride after the legal issues were resolved.

Things began to fall in place on April 17, with Castroneves' acquittal, followed by last week's good news that he wouldn't face a retrial.

So today, Castroneves will start his IndyCar engine with nothing but racing on his mind. And he's likely to be enjoying the traditional post-race milk refreshment this afternoon.

Just in case, Castroneves, along with his Team Penske colleague Ryan Briscoe and Target Chip Ganassi Racing's Dario Franchitti, got in some milk chugging practice on a recent Jimmy Fallon show.

The best racing weekend of the year: Today is a motorsports' fan dream.

The hubby and I will start the day with a viewing of the F1 Grand Prix of Monaco. One of our dreams is to one day watch those magnificent machines maneuver the streets of Monte Carlo in person. If I'm still writing about motorsports when we do get there, I'll be sure to track appropriate expenses to claim them as business deductions.

But for now, we'll settle for TV. Thank goodness it's back on Speed and out of the hands of broadcast television hacks.

Then there's the Indy 500. Kudos to King Richard for fielding a car. John Andretti will be in the cockpit of the Richard Petty Motorsports open-wheel entry.

Then we wrap up the day with NASCAR's longest race, the Coca-Cola (nee World) 600 from Charlotte. Not too long ago some energetic fendered car drivers (John Andretti being the first) tightened their belts twice on Memorial Day Sunday, putting in 500 miles at Indy then dashing down to North Carolina to run 600 more.

Sadly, that's no longer possible due to some petty territorial posturing and demands from those aforementioned broadcast TV monkeys in suits executives. But I still hold out hope, as noted in my May motorsports column for Randall-Reilly Publishing, "Doing Double Duty."

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Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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