By Stacie Clifford Kitts, CPA

Helio Castroneves the winner of the 5th Dancing with the stars competition, and a two time winner of the Indianapolis 500 may find himself dancing with inmates following his indictment on conspiracy to defraud the United States for income tax evasion.

The seven count indictment includes charges that Mr. Castroneves filed false federal income tax returns for the years 1999 through 2004 by using offshore corporations to hide income and evade paying taxes.

Visit the Department of Justice web site to read more about the alleged scheme. http://www.usdoj.gov/tax/txdv08884.htm