Pro Golfer Faces Tax Charges
Professional golfer Jim Thorpe faces four counts of failure to file an income tax return and three counts of failing to pay income taxes.
According to prosecutors, in addition to being a golfer on the PGA Champions Tour, Thorpe earned income by playing in PGA events and from various endorsements. He also was the sole officer and director of a Florida corporation known as JLT Inc.
Thorpe, 59, of Heathrow, Fla., allegedly failed to file on a timely basis his personal income tax returns for the years 2002, 2003, and 2004; failed to file on a timely basis the corporate income tax return for JLT Inc. for the year 2003; and failed to pay his personal income taxes for the years 2002, 2003, and 2004. The total unpaid income tax for the three years is about $1.6 million, the government alleges.
Thorpe faces up to seven years in prison, a $3.2 million fine and seven years of supervised release.
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