Champions Tour stalwart Jim Thorpe will have to give up his tournament starts for awhile. He has been sentenced to a year and a day in jail on tax charges:
Thorpe, 60, a 13-time winner on the Champions Tour, pleaded guilty last September to two counts of failing to pay income taxes. He has agreed to pay all taxes, interest and penalties owed.
"I've definitely made some mistakes," he admitted. "It was my fault."
It's sad. Many men of a certain age would sell their souls for a carefree year on the senior golf tour -- and Mr. Thorpe, who had all that, instead will have to sit out in some dingy federal prison camp somewhere.
The Moral? You have to file your taxes, even when you have your own name on the bag.
Oops: I should note, The TaxProf has a roundup.
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