Boxer Floyd Mayweather has asked for a delay
to pay a 2015 tax liability until he receives his money from an Aug. 26 fight
against mixed martial artist Conor
McGregor.
Mayweather reportedly filed a Tax Court
petition in July that asked the IRS to grant him a reprieve until the August
match, according to ESPN.
“Although the taxpayer has substantial assets,
those assets are restricted and primarily illiquid,” the Tax Court petition
stated. “The taxpayer 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.”
Mayweather, 40, cashed in about $220 million
from his widely publicized fight with Manny Pacquiao in May 2015.
He is expected to make another nine figure
payday against McGregor.
Mayweather posted a picture on his Instagram
Monday with a picture of a checkbook and a caption saying: “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?”
The Tax Court Petition also asked if the boxer
could receive a decreased penalty from the IRS after Mayweather did not “pay
all of his taxes for the year,” according to the form. Mayweather is 15 months
late to pay his 2015 taxes.
Mayweather has received about $700 million for
the 49 fights he has been involved in his career, according to Forbes.
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