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.

Consider your investment plan carefully

Retirement is a necessary event which everyone faces in life. When one thinks of his income after retirement, several options arise. During his service, the person has to save some amount every month for his retired life. The person invests this amount in Annuity schemes which fetch him some periodical income so that after retirement he can lead a normal life. Before choosing the appropriate investment plan, the person has to evaluate his needs. His immediate commitments like education of children, expenses on health, renovation of house, legal expenses if any are some of the factors which may require careful consideration. The next question that he has to consider is the marriage of children, tour plans, etc.

Where to invest the savings?

This is a vexing question that needs careful consideration. Many employees invest the amount with their employers. In return for this investment, the employer normally gives the employee a fixed amount periodically as Annuity. Of course in the beginning the Annuity which the employee gets would seem to be reasonable. But with inflation, the fixed annuity will not be sufficient in the coming years. Even with an inflation of about 3% every year, in about 4 to 5 years the person will feel the financial crunch.

The alternative is to invest in Stock market. But this requires specialization and careful market analysis. Everyone may not have this quality. So this is a risky investment.

As an alternative, the employee can consider the investment plans offered by different investment companies. Many of the investment agencies have several attractive plans like Annuity with health insurance coverage for the spouse, burglary insurance, etc. Such investment could be another better option to choose.

Some persons may consider investing in real estate. But if such investment is made, the person may not have fixed returns unless the investment fetches him some amount by way of rent. If such investment is made when there is a favorable market, the value of real estate would appreciate and this may fetch attractive returns.

However, as far as investment plan is concerned, all that matters is the wisdom of the investor. Wherever necessary, he can take the guidance of professional investment planners who would be able to guide the investor appropriately.

Why Use a Small Business Bank

One of the most important decisions a small business owner, or any business owner for that matter makes is what bank they are going to use. Small business banking provides a wealth of financial services beyond simple deposits, check writing, and withdrawal. Many small businesses need to establish a line of credit or perhaps even take out a loan. Another one of the many services that small businesses need to setup is credit card processing, payroll services, and automatic bill pay. A small company cannot function without the proper financial setup. In order to withstand the financial needs of a successful business, the company needs to set up an account with a bank that is familiar with small business needs.

In order for a bank to attract small businesses, they need to provide aggressive attractions and a wide variety of services. The bank must offer convenience. For example, many small businesses deal with cash and coin. Therefore, they will likely make many trips to the bank to deposit and withdraw money. A bank must also offer plenty of convenient ATM locations so that the small business can have access to their account at any time of the day or night when they need it.

Many banks charge fees ranging from credit card fees to ATM charges, wire transfer fees, and many other normal fees. As a small business owner, you should not find any surprises. Therefore, do not be afraid to ask the small business bank of your choice what fees they charge so that they are not caught by surprise. Make sure and choose a bank that is upfront about their charges, one that is capable of providing you with the lowest rates, the most feasible financial options, and the best in banking service so that you can run your business smoothly and efficiently.

Small business banks must also provide excellent customer service so that when a small business owner has a problem; bankers that can guide the business owner through their problems address the problem. There are many reasons why a small business owner would experience a banking problem such as transaction issues or a forgotten PIN. That is where the small banking specialists step in and take care of your worries so that they can get you and your account straightened out.

Front Office Electronic Trading Solutions – A Smart Way To Simplify Your Work

The front office trading has become the most popular method for trading activities and it is most vital element for trading activities. These controlling and versatile tools are used to enhance the performance and speed of the work of the office. It helps in effective and fast decision-making. There are various softwares solutions available to make things easier and these are customized according to their demands. Fixbytes is a term that offers a vast variety of solutions for various trading activities.

These tools help in effective decision making and quick performance. There are numerous electronic trading solutions available in the market to simplify the working of the these traders. Fixbytes offers a great variety of these software solutions for the clients. These solutions might be customized and might be tailored in accordance to their demands. Further there is a choice available for the clients to select the options they want from a single ISV. It is far much better than obtaining it from multiple venders.

On the other hand, electronic trading allows you to deal more effectively in different ways. In today’s era, many traders are already using this new way of trading. The advantage of this type of trading system is- Accuracy, where these tools are accurate to predict the market trends. These software tools are used in order to improve the performance and speed of the client’s work. It can also recognize the errors, which can be caused by the manual work. They offer a wide range of electronic solutions to satisfy the requirement and needs of the users. Additionally, they provide a support for various modules like equities and derivatives.

Electronic trading is an ideal solution in enhancing the business work. No doubt, that the outcomes from these softwares are completely useful and remarkable. It uses various remedies and is able to meet the necessities of the business. By offering these remedies, which deals with the essential information, can be utilized by the clients for effective and fast decision-making. These software solutions are really efficient and helpful. They can easily make the entire difficult task quick and are extremely user friendly.

With the help of these electronic solutions, you can save your time and money. It comes with all these helpful and positive aspects and has become the most preferred tool for solving the complex trading problems. They are user friendly and price efficient. Here I have revealed all the positive point that helps in enhancing the presentation of the work.

Comprehensive Review on Leo Trader Pro – The Latest Forex Trading Robot

A revolutionary Forex Robot has been launched on 16th Dec 2010, Leo Trader Pro is the long awaiting product that has changed the landscape of Forex Automation Industry. For the first time over two years, Leo Trader Pro is the first Neural Net bot that is available in the retail market.
Leo Trader Pro is built on a sophisticated neural network that able to forecast price movements in advanced.

Neural network development has the following objectives:
Know what the current market behavior is
Adapt to what is happening in the existing market
Forecast with a high degree of accuracy, the probability of the market’s behavior changing.

In short, neural networks are “trained” on a daily basis. They are as close as can be to a “living and breathing” entity. The beauty of neural networks is that the more you have, the more you get them to cooperate with each other and feed each others logic, the more accurate will their trade triggers be. Leo Trader Pro has a total of seven neural networks to confirm it’s trades. As such, the chances of profitable are high each time it makes a trade.

The Leo Trader Pro Team are confident that this new automated forex trading system will create a huge demand and popular amongst the Forex traders. They even handed out account investor password access to the public to evaluate their performance in real time. This trading account is verified and authenticated by the CEO of the brokerage company where the trading account is hosted. Again, this is the first time ever for a Forex retail product.

As shown on the live Leo Trader Pro account, the results produced are fairly impressive with a profit record of 113% per month or 4.89% per day since its launched. Unlike other trading robot, Leo Trader Pro trades almost every day and this suites the appetite of day traders or scalper that wish to have quick trades.

In summary, Leo Trader Pro Team should be given credits for their hard works and the results that the product produced. Check it out now if you are looking for a tested and proven Forex Robot. Go to the website below now if you dont want to waste any more time searching for automated Forex trading solution.

Start Forex Signal Service With Metatrader Account Copier

Looking for Forex trading software? Metatrader account copier is the best software to make Forex trading simple. Metatrader account copier is software to assist your routine work related to trading signals. As consistent monitoring is essential in Forex trading, you always need to stick to your computer. But, use of metatrader account copier software can make you free from this because it will copy each trade to your account throughout the day. Another advantage of this software is that it allows copying unlimited accounts from different traders into your single account.

Metatrader account copier can also help the traders in many ways. If you have an investor password, you can copy trades from the investor account into yours. If the investor account is bigger or smaller than yours, you can alter the size or multiplier of the lot. Also, if you have the investor passwords from more than one account from several signal providers, then this software can help you to copy all the traders from the accounts into your account. The trade copier software will also alert you about the changes on the metatrader account without opening the positions.

How to Start Forex Signal Service?

First essential requirement is that you need an attractive domain name. Many names are already taken, but there are still many available. Second requirement is a website. You can find a web template for your website. These are cheap. You need to have at least HTML coding experience to run this template as a website. You need to update it with the texts and images, prices, etc. Then, you need metatrader account copier software. Forex Signal Service with autotrading is a software that Forex traders are looking for these days.

One team of programmers offers all solutions to start your Forex signal service. This team of Metatrader MQL programmers has all the tools you need. They can help you start a website with your chosen web template. They can include PayPal payment buttons on your website and make the website run independently. Metatrader account copier software is offered on their website. This means that when you will trade your account, your customers will get exact same trades as you run. You can even run some ea on your trading platform and trade copier will copy all these trades to your clients platforms. Trade copier software can be used on 100s even 1000s client platforms at the same time.

This is much better than to sell your profitable trading strategy or profitable expert advisor (EA) online. Imagine to have 100 clients with monthly payment of 100$ each, that is 100 x 100 = 10,000$ USD every month. Metatrader account copier programmers can help you start your own Forex signal service to make a lot of money.

US Domestic Remittance Market Research Report Ken Research

Espousal of mobile banking and mobile payments continues to augment rapidly in the United State and is expected to change the domestic remittance landscape in the country.

An extensive variety of financial services are currently being offered through the mobile channel in the US. These services comprise of mobile banking, person-to-person payments, mobile shopping and price comparison services. Espousal of mobile banking and mobile payments continues to augment rapidly in the US. Banks are increasingly investing billions of dollars in developing smart apps, providing additional features for mobile banking and remittances. The majority of the banks believe that the mobile channel will help them reduce their transaction cost and increases customer engagement and enhancement. With mobile phone penetration surpassing 90% of the population, the profit potential of remittances via mobile is huge.

The m-remittance market in the country is also observing a growing number of collaborations between the banks and MTOs, facilitating quicker mobile money transfers. For instance, The US Bank has expanded the Western Union money transfer service to its online and mobile banking platforms. Western Union services will be directly integrated with the US Bank mobile banking app. Similarly, MasterCard has partnered with eServGlobal, a mobile payment solutions provider to expand the capabilities of its international mobile remittance platform HomeSend. Hub providers such as BICS HomeSend and few others have made it feasible to integrate mobile wallets or money transfer systems of two different providers. As the companies collaborate and enhance each other’s mobile remittance capacities, m-remittance services are expected to evolve and will become more flexible. Mobile money transfers are a viable option for an under-banked or unbanked population. Many Mobile Network Operators (MNOs) are keen to explore the segment of mobile money, especially for the under and unbanked population in the US.

The market for mobile remittances and mobile person-to-person payments has proved to be a lucrative, as telecom groups, technology companies, retailers and banks have been entering into a business which is projected to grow rapidly in the next few years. More and more companies are expected to venture into the m-remittance landscape, thus bringing in superior technologies and innovation.- – According to the research report.

The report -The US International, Domestic Remittances and Bills Payment Market Outlook to 2018 – Tie-ups and Mobile Remittances to Foster Future Growth- provides detailed overview on the International, Domestic Remittances and Bills Payment Market of the US and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, Money Transfer Agents, Banks and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

Read more-

Author Bio: Contact Person- Ankur Gupta Email Id- Website-

Want To Be Rich – Get In Debt

This is no big secret here. We all want to be rich. The question is how you go about making it happen. We some people would tell you in order to do this you must first get in debt. Now I know that might sound crazy to you but it does make since when you think about.

When I say get in debt I don’t mean that you should get a bunch of credit cards and buy like crazy or acquire multiple loans for cars and jewelry you don’t need. Those kinds of debts cost your money. All those product depreciate in value and you end up paying way more than what they were worth. Even things like vacations, as fun as they may be, will cost you in the long run once it is all over.

If you really want to be rich you need to get debt that will make you more then what you borrowed. For example, if you got a loan from the bank to start a business and the business started to grow then that debt would be considered a good debt. Your business is worth more that what you borrowed. A student loan for college is another good reason to get in debt. Once you graduate, your education will give you the opportunity to make a good living which will also be worth more than what was loaned out to you. That is the kind of debt that you need if you want to be rich.

Too many people like the idea of looking rich. They buy a lot of stuff to impress there friends into thinking that they are rich only to get in debt to deeply. Why would someone spend so much money trying to look rich when they could put that money into something that may actually make them rich? If you are guilty of doing this then stop right now before you get way over your head.

Now that you know how to get in debt you can then be on your way to achieving this. You want to be rich with debt that goes up in value not down. I know that it not always possible to never carry a bad debt but the more good debt you have the better the chances of success.

If you are looking for that will not put you deep in debt and give you a chance at become rich then go to our . For more business opportunities then go to:

Tips To Start A Loan Modification Business – Start Within Days

Get ready to be a part of the most booming industry in today’s economy. As a loan modification consultant you can start making thousands of dollar while helping home owners lower their mortgage payment and save their homes. You can start from home or from your office with little or no investment. Here are some tips and steps you can take to start a loan modification business within few days.

First decide a name of your loan mod company. If you already have a business then you can use the same name. Go to your city county office for occupational licenses and permit. Fill out necessary forms. Pay registration fee.

Get a new phone line under your loan modification company name or use home phone number. Get a fax or sign up with a online fax service which will only cost you around ten dollar per month.

Open a business bank account with your local bank.

Next Step is to get all the knowledge you can about home loan modification.

Next step is to spread the word about your new service. Tell all your friends, family members and neighbors of your new mortgage modification service.

Beside these steps there are few other things you will have to learn. For example how to know if the client will qualify for mortgage modification? What are the lenders loan modification guidelines? How much fee should I charge my client? How can I accept upfront fee? What types of forms are required to submit to the lender?

After learning most of the above information you should be able to start up your own loan modification business without have any obstacle come on your way. Before you get started in the mortgage restructure business, you need to research all of the different aspects of the industry, just to be sure you understand what you’re getting into.

As A Modest Income Earners Can Benefit From Financial Planning Services

There are many of us who live under the impression that only rich people need the services of planners. ” The reasons are usually something that only those rich people have money that is “substantially insufficient” to warrant the services of a professional or a person, to help plan your costs! However, this thinking is informed misunderstanding of what the financial planner really are and what their role is all about.

Financial planning work is not all about helping people “to plan how they spend their money.” In fact, strictly speaking, that is not even one of the things that do not have planner. Financial planning will be more professional, which helps people come up with a good financial objectives, and plans to achieve those objectives. Planning how they will spend their money, of course, prove that the way in which the planner can help them achieve their goals achievement, but it is by no means the main thing that made financial planning. From the planner working on setting financial goals and plans for the attainment of the objectives defined.

When you begin to see financial planning as a professional who can help you formulate your financial goals and establish plans for achieving these objectives, it immediately becomes clear to you that it is in fact modest income people who need more services for financial planners. The assumption here is that rich people have reached most of its financial goals (because of their wealthy status) – and although they still need to service planners to protect and preserve their wealth, it is their humbler colleagues who need these services even more.

The first way in which low-income workers can benefit from financial planning services in a way that there are some good financial objectives of the formulation. While there is nothing wrong with being a low income earner at the time, it would be unfortunate if you find yourself in the same situation ten years down the line. But this is exactly where you’re likely to end up if you do not set financial goals and to implement them.

Another way in which low-income workers can benefit from exploring the service planner – financial planner with – ways to increase their income. Of course, increased income from financial goals, which can only be one, but it is worthy of mention – because income growth tends to be the most bothersome issue of low-income earners.

The third way in which the low-income workers can benefit from financial planning services should be removed when the financial plans for the formulation of achievement. The goal is as a destination: done up your mind that you’re headed there, you will need to work exactly as you get there. Here’s what a financial plan does not exist. It comes after the formulation of financial goals and mainly consisting of (practical) strategies for these goals.