Professional Athletes With Tax Debt Problems

Darryl Strawberry
Dodgers star, Darryl Strawberry first got in to trouble with the IRS in 1994 when he was put under investigation for tax fraud. The IRS tacked him with tax evasion, and he had to pay back $350,000 in back taxes, serve 3 years of probation, six years of home confinement, and complete 100 hours of community service.

2. Lawrence Taylor
Former Giants linebacker, Lawrence Taylor filed an incorrect federal income tax return back in 1990. Taylor pleaded guilty to the tax charges in 1997, and was punished with three months house arrest, five years probation and 500 hours of community service for income tax evasion.

3. Pete Rose
Baseball favorite, Pete Rose, also got in to some trouble with the government in 1990, when he filed a false income tax return. Despite his celebrity status, Rose was sentenced to five months in a correctional facility, three months in a community treatment center, 1,000 hours of community service and a $50,000 fine.

4. Helio Castroneves
The recent controversy around Indy 500 racer Helio Castroneves and his supposed $5 million tax debt has shed light on the tax problems sports stars can get in to. He is currently being tried for evading taxes on a licensing deal that he claims to never have received a dime from. Only time will tell whether the Indy 500 and dancing with the stars celebrity actually committed the tax crime.

5. Willie McCovey
Hall of Famer Willie McCovey, like many other athletes who ran in to tax trouble, did so by forgetting to claim cash made during autograph signing. While McCovey pleaded guilty to the crime, he also claimed to have committed it unknowingly, since he had a professional handle his accounting. He was sentenced to two years of probation and fined $5,000.

6. O.J. Simpson
Although infamous for more than his athletic abilities, O.J. Simpson upset the IRS enough to be put on the California tax shame list. His tax debt was over $1.5 million, and he stayed on the list for more than a year.

7. Jesse Owens
The late 1930s Olympic winner Jesse Owens got himself into trouble with the IRS. After the Olympics, Owens tried multiple business ventures in the United States to profit off his newly found fame. However, one of his ventures lost Owens a fortune and rendered him unable to pay his full tax liability. As a result, Owens was forced to declare bankruptcy.

8. Boris Becker
Famed tennis player and bad boy, Boris Becker, ran right in to tax trouble when it was discovered his apartment was not his priority residence, as previously claimed. As a result, he was given two years probation, fined $500,000, and ordered to pay expensive court fees.

Spitalfield Market Why So Many People Love the Spitalfield Market

The Spitalfield Market is a namesake in London, and tons of tourists and natives alike come here every year to see what people are selling. It is the ultimate combination of food, shopping, and culture that you simply cannot find anywhere else. Whether people go there for convenience or because they want to see something new, there is no denying the charm that the market has to offer. It is an exciting place to be from the first visit to the last, and it has been one of the best attractions in the city for many years now.

There are reasons why people love the Spitalfield Market so much though. One of the most logical reasons is purely because of the eclectic mix of stalls that can be found there. You can shop for just about anything you want to, and there are themed days that may tune into your desires a little bit more. The stalls give people a chance to showcase the products they are passionate about selling, and you can feel that passion the second you walk into the market. It is what keeps people there, and it is what has kept the market going for so long.

Going to the Spitalfield Market gives you exposure to stores in the city you may not even know about. Many store owners open stalls at the market to draw in a new crowd of customers. The stalls also give them a secondary source of income, so you will see only their best products out on display. If you find a stall you really like, ask the person if he or she has a store or website you could go to when the stall is not open. That way you can get more access to the products you want.

People also love the Spitalfield Market because of the food. You can taste literally every part of the world here, and some of these restaurants cannot be found anywhere else. If you have a large group that you are taking on a trip, you can bring them to the market so everyone can eat what they like. You can also do this for family events if you have a picky eater or two in the household. From gourmet dishes to unexpected burger recipes, there is something here for everyones taste buds. You can see for yourself when you take a trip there.

Forex Strategies for Maximum Profit

I think it is important to have forex strategies that help maximize your profit margins. I’ve been in this business for many years now and it took me the longest time to learn how to do things properly. I’ve made a lot of mistakes and learned a lot of lessons. Through this I was able to learn a few things.

1. Don’t Diversify

I’m not a person that follows trends and this is definitely one of the worst pieces of advice you’ll ever hear. You’ll notice you’ll hear it from people that are middle class. If you hear it from a rich person, they are just giving you a hypocritical answer, just to save themselves from hearing you whine from losing your money.

Put all your eggs in one basket, but put it in the basket going up. You can’t be lazy with your money. Watch it constantly and make sure you’re making the right moves. Once the profit is gone, take them out and put them in another profitable basket.

2. Follow the Pareto principle

The 80-20 rule is a great rule to apply to your daily tasks. You’re going to have a process develop for trading and making money in this business, but you’re going that just 20% of what you do will yield you your 80% of profit. That means all the other stuff really gets you nothing. Just stick with that small 20% that makes you a lot of money.

3. Forex Killer Software

Getting software is a profitable tool for this business. The carpenter has their hammer, so the forex trader needs their software. My profits almost tripled in the first month after using this.

is the best tool you can get to increase your profit margins and decrease the amount of time you have to watch over trades. It is definitely a smart move.

For more information on the Forex Killer software, check out .

Get A Reasonable Travel Insurance Plan

Get ready for all sorts of catastrophes, including delays and emergencies, when planning your trp. These events cannot be predicted and at times they cannot be prevented as well. Your only defense is good travel insurance, purchased before your travel of course.

Travel insurance makes sure you don’t go bankrupt when inadvertent events occur. Because medical demands are expensive, get travel insurance that can cover the costs. Travel insurance really assuages any fears you have about travelling abroad.

Variety and quantity describe travel insurance availability. Spend time only on those policies that offer the coverage you need for your trip. You know which policies will be helpful, and you should stick to these.

Because you don’t want to worry about losing luggage and that type of thing, you buy travel insurance. Have no fears while traveling abroad with appropriate travel insurance. Your travel intentions will determine what policy options you need.

You will realize there are only five overarching categories of insurance. These five cover any options you need. The five categories are single trip, multiple trip, backpacker, senior, and specialized travel insurance.

Our first impasse is single trip insurance. Single trip insurance offers the widest range of options. Policy options in this type can always be amended.

Annual or multiple trip insurance presents the second discussion. The advantage of this type is comprehensive coverage for a whole year. Put simply, for each and every trip you take in a year you are covered.

Backpacker vacation travel insurance is obviously for backpackers. It covers frequent fliers. It can cover a backpacker anywhere in the world for a travel period of 31 days to a year.

Elderly holiday travel insurance is of course for senior citizens. The elderly are used to higher premiums, and this type affords them full coverage at affordable prices. Only those 60 years and more can enjoy this category.

The final topic of the day is specialized travel insurance. This pertains to insurance that covers dangerous expeditions, like kayaking down white water rapids or climbing Mount Everest. If danger is your middle name, you should get this type of insurance.

When To Seek Professional Help With Financial Problems In Canada

Seeking professional help due to financial problems is a typical experience that most people have to face at least once in their lives. The most important thing when in financial trouble is to be able to recognize the signs and seek assistance from a professional to help get you out of financial danger. In a situation like this it requires you to take action to seek help in order to help yourself. It is also crucial to recognize that what is dangerous for one person may not be for another and may just be a bad month.

In Canada there are four financial signs to warn you that you may be in a financially dangerous spot. The first sign is if you have failed to make one or more payments on a mortgage or loan you may be in financial danger. Keep in mind one late payment over a course of a long period is not the same as repetitive failing to make payments. The second sign of financial danger is if your credit cards are constantly at their limit and unable to be used. The third sign is if you are paying bills by taking credit card cash advantages you may be in financial danger. This is a big one because by doing this you are allowing yourself to pay off debt with debt which just repeats the cycle. The fourth sign is if your creditors have passed your account to a collection agency or if you have received notice of legal action being taken. At that point you are experiencing financial danger and it is important that you are aware of this and take action to receive help.

It is in such a place like the one above where you need to decide to take action and either seek professional help or learn techniques to keep your bank balanced so that you are not missing payments. It is important to recognize that every situation is individualized, and being late on a payment is a lot different than already receiving a legal notice of action against you. Another thing to keep in mind is that sometimes things in life are beyond our control and you may not have a say in the way things happen. These can be things such as losing your job, experiencing a death or divorce.

Overall, financial problems come in many different shapes and sizes and it is important to be aware of your financial problems and face them square on so that it reduces the risk of having trouble later on.

Get Out From Your Debt and Still Hold Your Assets

For a relatively small debt, living on a budget will be enough for you to cut down your debts and still keep your assets. Otherwise if you owe a lot, living on a budget is merely the first step in the get-out-of-debt process. You will also need to do some or all of the following actions:

Negotiate with your creditors.
Make a list of all your debts and the relevant information pertaining to each one. You should also analyze your budget to figure out how much you can afford to pay on your debts every month, starting with the ones that are the most important.
Ask your creditors to help you keep up with your debts by lowering your monthly payments on a temporary or permanent basis, reducing the interest rate on your debts, or letting you make interest-only payments for a limited period of time.
Never allow a creditor to pressure you into agreeing to pay more than you can afford. Whenever you talk with a creditor, explain clearly why youre calling and exactly what youre asking for. If the first person rejects your request, politely end the conversation and ask to speak with a manager or supervisor.

Consolidate Your Debt
Consolidating debt is a process when you get new debt to pay off existing debt. We know that going into debt to get out of debt may not sound reasonable, but if you did it right, it can be a smart debt-management strategy. To do it right, make sure that these following condition must be met when you consolidate:
The interest rate on the new debt is lower than the rates on the debts you pay off.
The monthly payment on the new debt is lower than the combined monthly total for all the debts you consolidate. The new debt you choose must be has a fixed interest rate.
You commit to not using credit again until the new debt is paid off.

Consult to credit counseling agency.
The advice and assistance of a credit counseling agency can be a great solution when you have a lot of debt and try to take control over it.
Credit counseling agency can especially help when you are still figuring what to do or not too confidence that you are able to improve your finances on your own. A credit counseling agency can
Help you to set a household budget.
Evaluate a budget you have already created previously, and suggesting changes that will help you get out of debt faster and avoid loss of assets.
Negotiate lower payments with your creditors and set up a debt-management plan for you
Develop your money-management skills.
Not all credit counseling agencies are reliable, so take time to choose a reputable one. First and foremost, that means working with a nonprofit, tax-exempt agency that charges you little or nothing for its services.

International Business Company, Anonymous Bank Account And A Bank Account In Cyprus, How To Do That.

You have heard it that it is possible for some people to become an anonymous bank account, but where did they get it and how is it possible to jump on this service?

This is the question we are going to answer because you want know that even if you have an anonymous bank account then it is at the same time a international bank account which can be used simply as you know from your local or existing bank account, you will have Internet Banking and even a IBAN account number to receive and transfer money / funds worldwide.

1. How you become an anonymous bank account
It is a bit difficult but absolutely possible, what you will need is to find an incorporation services which has specialized in the incorporation of offshore companies. Companies which are incorporated offshore will have the privilege to have nominee shareholders and directors which make it impossible to track down the real owners / beneficial owner.

You will need to incorporate a company in for instant Cyprus it is important that it is registered as an International business company / IBC company since offshore companies which are incorporated as IBC company will have to pay 0% TAX.

2. Offshore Companies can open anonymous bank accounts
Now while you have found a reliable incorporation services and got an International business company you can go and open a simple bank account in Cyprus which let you open the account on behalf of the IBC which again will give you an anonymous bank account with a bank in Cyprus.

3. Why International Business Company to open a bank account in Cyprus
Since you cant have an anonymous bank account with a bank in Cyprus without having an IBC company you will need to incorporate a company first, this is the instrument to become the anonymity you seek.

4. Maintain an anonymous bank account and International Business Company
You might want to know that it is without any hassle to maintain and conduct business with your IBC company in Cyprus and to maintain your anonymous bank account in Cyprus, to have an bank account in Cyprus it only costs a small monthly fee but you do not need to have any minimum deposit and you will have access to your account and moneys 24/7/365.

5. Incorporate companies offshore within a few days
An incorporation service can register your international business company and your bank account in Cyprus within a few days and also assure it will be done as an anonymous bank account, only uou will have access to your bank account in Cyprus, the pin code and the instructions on how to access your international business companies bank account will be send by courier to you directly.

CCLOGIC.COM has specialized in the incorporation of International business companies and the opening of bank accounts in Cyprus. Also we incorporate companies offshore with great success.

Differences Between Starting From Scratch And A Franchise

Are you contemplating starting a new business? There are some things that youre definitely going to need to think about before heading down that road. Lets talk about a few very important options youll need to consider.

The most difficult part of any new business is getting it started. Youll have a lot of administrative stuff to figure out, and youll need to start getting clients right away. Youve undoubtedly heard that 80% or so of new businesses fail in the first 2 years or so. This number will fluctuate depending on the industry and where you get your numbers from, but in the end its been shown the most new businesses fail.

So why do most new businesses fail? Well, there are a couple of common reasons. One is that a new business fails to advertise like it should. So they fade into nonexistence. This ties into the second common problem which is just running out of money. There are a number of causes for this, but if you run out of money you are pretty much out of business.

Im not trying to demotivate you. But you need to be aware that there are things you can do to improve your chances. Lets look at one.

One way to give yourself a better chance of surviving as a new business is to start as a franchise instead of a brand new business. There are a couple of reasons why this is a good option. First of all, the franchise will teach you how to run their system. They already have a proven track record that will get you started right.

Another great benefit of starting a franchise is you get brand recognition. No one has heard of Bills Best Burgers, but they have heard of McDonalds, Burger King, and a number of other franchises. With all the advertising the franchise does nationally you get immediate recognition when you open your store.

You dont have to just open a franchise in the food industry. You can also open them in just about any other industry you can think of. There are franchises in electronics, batteries, ink cartridges, clothing, and tons of other industries.

So there you have it. Do you start everything from scratch or do you start a franchise? One is definitely a more expensive option, but you will have a much better chance of long term success.

Forex Trading – The Role of Support and Resistance in Forex Trading

If you want to be a successful Forex trader, it’s important to understand all the concepts involved in Forex options trading, including support and resistance, two concepts that go hand in hand.

The Forex market is always on the move. It constantly moves up and then pulls back again. During this cycle, resistance is determined as the highest point reached before the market pulls back. Meanwhile, also during the cycle mentioned, support is determined as the lowest point reached before the market starts moving up again. With the help of your imagination, you could perhaps see that support and resistance are virtual waves that are continually created as Forex options trading bursts with activity and the market swings over time. These days, you can find many different expert opinions on how to plot support and resistance. One of the most popular and highly recommended means of doing so is the use of trend lines.

Most traders actually don’t know how to use trend lines properly, making this effective method one of the most underutilized forms of technical analysis in Forex options trading. If trend lines are drawn correctly, you can make the market match the lines, instead of the other way around (which is, in fact, a common mistake committed by many traders out there). It is important to plot support and resistance, whether through the use of trend lines or some other method, because it holds the key to spotting good and bad hits, allowing you to make profitable calls and avoid risks.

Timothy Stevens is a Forex Options Trader who owns – He has helped hundreds of people on Trading Forex with Options.

He has recently developed a free e-course showing you a step by step process for starting your Forex Trading easier. To learn how to start Forex Trading with Options without wasting your time and losing more money, visit

Effective Solution To Financial Borrowing Mismanagement debt Negotiation

When an individual is in deep mire of debt and no efforts at correction are effective to stop the downturn, what does one do? It is surely not the end, but its time to be patient and adopt a practical approach to tackle the debt trap. The individual should try to negotiate debt to handle this debt situation effectively. debt negotiation involves understanding the amount you owe to the lender, negotiating with the lender to arrive at a new discounted amount. Home loans and credit card loans are examples where one can negotiate debt.

In recent times, the United States is experiencing an increase in loan defaults. According to OCC and OTS reports in April 2009, the fourth quarter of 2008 saw home loans register a delinquency of 2.4 percent from 1.1 percent for third quarter. In credit card sections, Bank of America registered default rate of 10.4% in April 2009. The figures confirm the problem at hand; hence, debt negotiation should be looked at a very important option of getting your way out of the financial cauldron.

Curbing your financial expenses should be the first step if you seriously want to negotiate debt. Rationalizing spending is key to financial control and any debt negotiation should not be taken up unless there is a tight leash on expenditure. So what makes the lender negotiate the debt? With negotiation, the lender spends less time, money and efforts in recovering the loan. The major benefit for the lender is that there is some amount that is recovered, which would otherwise be lost, if the borrower files for bankruptcy.

Also, getting into legal methods to recover the loan would involve money and time. Further, the credit companies are always aware of the fact that a certain percentage of loans will default, hence if they can salvage some amount from the lost cause, it definitely would improves their financial position. Hence, in such tight financial situations world over, debt negotiation assumes significance for the creditors as well.

There are two ways to counter financial mismanagement, debt consolidation and debt negotiation. Debt consolidation means rather than paying for all cards you can close all cards and put the outstanding amount on one card. It helps in keeping track on the repayments and lower interest rates from the negotiators. debt negotiation can be done when the borrower is neither able to pay off the entire amount, nor able to pay the monthly payments for the past 3 months. In short, an individual can negotiate debt and mutually agree upon a lower amount than the total outstanding amount, which is accepted by the creditor as full and final payment towards the total due.