Floyd Mayweather due to pay back taxes!

Dating all the way back to the Pacquiao & Mayweather fight that won some 15 moths ago, he ended up flashing a check of $100mill! This was back in 2015.. However, according to TSR and to the IRS (lol) they noticed that he hasn’t paid his taxes on it! Floyd’s past due amount hasn’t been revealed at this point. The IRS indicated that he needs to pay those back taxes and they’re looking at his “assets” to collect. Floyd does have the undisclosed balance the the IRS is asking for, in assets, just not in CASH. So, as it stands, Floyd is asking for a Reprieve (cancelation or a postponement) until AFTER the Mayweather & McGregor fight coming next month. as opposed to a liquidation of his assets.

On paper, Floyd doesn’t have that IN CASH to pay the amount asked of him. “Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” according to the Tax Court petition. The taxpayer (Floyd) has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding”. 

For every month there is a 0.5 percent of owed taxes : VIA ESPN

for more info go to Theshaderoom.com

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