Posts Tagged ‘Taxes’

Floyd Mayweather

Floyd Mayweather appears to have unfinished business with the IRS after all.

The undefeated boxer is facing a $22-million tax lien filed March 6, according to documents obtained by Gilbert Manzano of the Las Vegas Review-Journal.

“Money” filed a tax court petition for a reprieve on back taxes from 2015 on July 5, citing insufficient liquidity, and reportedly claimed he’d be able to square away the debt in 60 days, by which time he’ll have locked horns with Conor McGregor in a fight expected to net him north of $100 million.

The 40-year-old has also requested a Collection Due Process Hearing, meant for one to explain why their debt can’t be paid or to contest any taxes owed. Such hearings can reportedly take upward of 60 days to book.

Mayweather has since responded to reports of his tax woes by maintaining he paid $26 million in taxes in 2015, a year in which he pocketed $250 million for a superfight with Manny Pacquiao that sold more than 4.5 million pay-per-views.

The pugilist meets McGregor in a 12-round boxing match Aug. 26 at Las Vegas’ T-Mobile Arena.