Mayweather Denies Owing IRS
Floyd Mayweather Jr. is responding to reports that he owes the IRS. Sharing a receipt, the boxing champ writes:
Believe half of what you see and none of what you hear, especially when it comes to media in this country. While everyone is counting my money and assuming the worst, these are the facts… Uncle Sam, received $26,000,000.00 from me in 2015! What else could they possibly want? I’m sure I would have been notified much sooner if there were any real discrepancies right? Bottom line, everybody just wants to be a part of the “Money May” show, including the IRS! That’s fine, you can crunch numbers all day but in the end, my empire is rock solid and intact! Now Calculate That!
As previously reportedly, the 40-year-old was said to be fighting Conor McGregor in their upcoming match because he cannot afford his tax bill. A US Tax Court petition revealed that he’s filed for an extension because he does not have enough money to pay his bill from 2015. Mayweather has reportedly asked for a reprieve until after the McGregor fight – on August 26 – so he can collect his payday from the bout to pay off the authorities.
According to a report, the petition was filed on July 5. It states that while The Money Team founder has ‘substantial’ assets, he cannot use them to pay the IRS because they are ‘restricted and illiquid’. Mayweather has requested a three-month grace period, which would take him to after the McGregor fight date. No word on how much he owes the IRS.