Boxer Floyd Mayweather has asked for a delay to pay a 2015 imposition indebtednes until he receives his coin from an Aug. 26 fight against mixed martial artist Conor McGregor.
Mayweather reportedly registered a Tax Court petition in July that asked the IRS to grant him a relief until the August match, according to ESPN.
Although the taxpayer has substantial resources, those assets are restricted and chiefly illiquid, the Tax Court petition stated. The taxpayer has a significant liquidity happening scheduled for the year about 60 epoches 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 circulated fighting against Manny Pacquiao in May 2015.
He is expected to make another nine digit payday against McGregor.
Believe half of what the hell are you hear and none of what the hell are you listen, especially when it comes to media in its own country. While everyone is counting my money and premising the worst, these are the facts … Uncle sam, received $26,000, 000.00 from me in 2015! What else could they perhaps want? I’m sure I would have been notified much sooner if there were any real inconsistencies right? Bottom line, everybody just wants to be a part of the “Money May” show, in particular 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! #TMT #FloydMayweather #TBE #Mayweather
Mayweather posted a word-painting on his Instagram Monday with a picture of a checkbook and a caption saying: Believe half of what you construe and none of what you sound, especially when it comes to media in this country. While everyone is counting my money and accepting the worst, these are the facts. Uncle Sam, Received $ 26,000, 000.00 from me in 2015! What else could they maybe miss?
The Tax Court Petition likewise asked if the boxer could receive a decreased disadvantage from the IRS after Mayweather did not compensate all of his taxes for the year, in accordance with the shape. Mayweather is 15 months late to offer his 2015 taxes.
Mayweather has received about $700 million for the 49 fights he has been involved in his vocation, according to Forbes.
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