[simple simon]

MOBILE, Ala. (AP) -- The federal government has sued former NFL quarterback Ken Stabler, seeking more than $500,000 in overdue taxes and proposing foreclosure on property he owns in Mobile and Baldwin counties.

The suit, filed Tuesday in U.S. District Court by the Justice Department's Tax Division, says Stabler owes $241,565 in unpaid income taxes, penalties and interest from 1999, 2000 and 2001.

It also says the Stabler Co., which he owns, owes $303,282 in unpaid income and employment taxes, penalties and interest from 1995, 1998, 1999 and 2000. The Stabler Co. arranges speaking engagements.
The suit asks a judge to make

The suit asks a judge to make sure the amounts are paid by foreclosing on property that the former University of Alabama and Oakland Raiders quarterback owns in Mobile and on Ono Island, an upscale residential island.

Feds sue former QB Ken Stabler over unpaid taxes - NFL - Yahoo! Sports

the NFL really needs better financial advisors for these players

[EmpireWF]

I'm not aware of any athletes finances or anything of that nature but if it were me, I'd think I'd save enough of my money (from various investments I'm sure) to pay the government and keep them off my back.

I'm sometimes amazed at all the stories of professional athletes who get in trouble with the IRS over money they don't claim from conventions, card shows, memorabilia sales, etc.

[Trashed]

At least he's not riding a motorcycle without a helmet. The professional athlete...body by porsche, brains by hasbro.

[simple simon]

Originally Posted by Trashed

At least he's not riding a motorcycle without a helmet. The professional athlete...body by porsche, brains by hasbro.

lmaoooooooooooooooooooooooo

thats wicked funny

[ThePundit]

Originally Posted by EmpireWF

I'm not aware of any athletes finances or anything of that nature but if it were me, I'd think I'd save enough of my money (from various investments I'm sure) to pay the government and keep them off my back.

I'm sometimes amazed at all the stories of professional athletes who get in trouble with the IRS over money they don't claim from conventions, card shows, memorabilia sales, etc.

In Tim Green's book; "The Dark Side of the Game " he talks about this topic in depth. Mainly many players don't know how to handle money and get into very bad deals.

[simple simon]

like i said, sorta, i think all the leagues need to have serious financial couseling mandatory for all rookies

also make it available for all vets

the teams themselves need to maybe make it a little harder for their rookies to have posse's to leech off them