BoxRec

Floyd Mayweather Jr. owes federal taxes for 2015, but while he says he has more than enough money to pay them, he doesn’t quite have enough cash.

Yet.

Mayweather has filed a petition with the United States Tax Court saying much of his money is tied up and cannot be easily converted into cash, and asking for a short-term installment agreement allowing him more time to get the cash, according to Bryan Koenig of Law360. (Paul Gift of BloodyElbow.com also tweeted about the filing.)

That cash would come when he faces mixed martial arts superstar Conor McGregor in a pay-per-view boxing match on Aug. 26.

“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” Mayweather’s filing said, according to the Law360 report. “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.”

The filing also asks the government to waive a penalty for failing to pay.

The government, meanwhile, argues that Mayweather has the ability to pay his taxes in full or part.

“The agency said that Mayweather had various options available … including by selling property, withdrawing cash from other accounts or taking out a loan,” the Law360 report said.

Mayweather’s gone back and forth with the IRS over the years. The agency filed a $6.17 million lien on Mayweather in 2008 for his 2007 taxes, according to a 2009 report in the Grand Rapids Press.

Mayweather ended up settling that for around $5 million, but in 2011 the IRS said the fighter owed $3.4 million in taxes incurred in 2009 and due in 2010, according to a report at the time in the Grand Rapids Press.

He also had to pay off liens the IRS filed against him in 2001, 2003, 2005 and 2006, according to an Associated Press report in 2009.

Just last year, the U.S. Tax Court entered a decision on income taxes due dating back a decade ago:

“Pursuant to the agreement of the parties in this case, it is ordered and decided that there is a deficiency in income tax due from petitioner for the taxable year 2006 in the amount of $1,627,563.00; and that there is no penalty due from petitioner for the taxable year 2006.”

Mayweather is like a lot of rich people... He pays himself first and pays the IRS whenever he damned well feels like it... But he doesn't get super special treatment because he's not a Billionaire... Donald Trump kept claiming he was going to release his tax returns whenever a "secret" IRS audit was done..

It's well over a year and apparently the long drawn out secret audit has finally been completed, but "Releasing tax returns isn't my top priority right now." Of course not -- especially when there's no record of Trump paying any federal taxes for a good many years.

Mayweather isn't that far of beïgn a bilionair is he? I still don't understand why anyone would pay money for any of his fights.

Floyd is waiting to pay those taxes from the money of people who are gonna buy his circus-fight.LOL He's gonna pay those taxes from the easiest huge payday of his life.

apollo creed wrote:Floyd is waiting to pay those taxes from the money of people who are gonna buy his circus-fight.LOL He's gonna pay those taxes from the easiest huge payday of his life.

He's like Wilder³, guys who live from their haters I guess.

apollo creed wrote:Floyd is waiting to pay those taxes from the money of people who are gonna buy his circus-fight.LOL He's gonna pay those taxes from the easiest huge payday of his life.

asdfjkl wrote:

apollo creed wrote:Floyd is waiting to pay those taxes from the money of people who are gonna buy his circus-fight.LOL He's gonna pay those taxes from the easiest huge payday of his life.

He's like Wilder³, guys who live from their haters I guess.

Wilder's yet to prove he can draw a crowd anywhere but Alabama. Floyd on the other hand is a big star. They get hate from the fans for different reasons. Floyd gets hate because he's really good, and because of his domestic violence issues a lot of people hate him. Wilder is decent, but is one of the most cowardly titleholders picking the easiest possible opponents I've ever seen.

gilgamesh wrote:

asdfjkl wrote:

apollo creed wrote:Floyd is waiting to pay those taxes from the money of people who are gonna buy his circus-fight.LOL He's gonna pay those taxes from the easiest huge payday of his life.

He's like Wilder³, guys who live from their haters I guess.

Wilder's yet to prove he can draw a crowd anywhere but Alabama. Floyd on the other hand is a big star. They get hate from the fans for different reasons. Floyd gets hate because he's really good, and because of his domestic violence issues a lot of people hate him. Wilder is decent, but is one of the most cowardly titleholders picking the easiest possible opponents I've ever seen.

TBH I think nearly all boxers are big cowards and fight no way near enough, especially the ones who never lost any match.
TBH I can't remember Floyd taking a fight where he took a risk at all. Most of the guys he fought had at least one lose, if not far more then that.

asdfjkl wrote:

gilgamesh wrote:

asdfjkl wrote: He's like Wilder³, guys who live from their haters I guess.

Wilder's yet to prove he can draw a crowd anywhere but Alabama. Floyd on the other hand is a big star. They get hate from the fans for different reasons. Floyd gets hate because he's really good, and because of his domestic violence issues a lot of people hate him. Wilder is decent, but is one of the most cowardly titleholders picking the easiest possible opponents I've ever seen.

TBH I think nearly all boxers are big cowards and fight no way near enough, especially the ones who never lost any match.
TBH I can't remember Floyd taking a fight where he took a risk at all. Most of the guys he fought had at least one lose, if not far more then that.

Losing fights doesn't mean you're not a worthy opponent. The boxing world has gone nuts with "Everybody has to be undefeated or they're nobody"...that's just stupid. Floyd fought oodles of top fighters.

gilgamesh wrote:

asdfjkl wrote:

gilgamesh wrote:
Wilder's yet to prove he can draw a crowd anywhere but Alabama. Floyd on the other hand is a big star. They get hate from the fans for different reasons. Floyd gets hate because he's really good, and because of his domestic violence issues a lot of people hate him. Wilder is decent, but is one of the most cowardly titleholders picking the easiest possible opponents I've ever seen.

TBH I think nearly all boxers are big cowards and fight no way near enough, especially the ones who never lost any match.
TBH I can't remember Floyd taking a fight where he took a risk at all. Most of the guys he fought had at least one lose, if not far more then that.

Losing fights doesn't mean you're not a worthy opponent. The boxing world has gone nuts with "Everybody has to be undefeated or they're nobody"...that's just stupid. Floyd fought oodles of top fighters.

Exactly, but the guys who have loses on their names (Klitschko, Pacqio or whatever his name is, all the legends basically) do fight regularly, the other ones don't, or only fight 0 risk fights and even then they do it rarely.
I also think all those belts, WBC WBA and name then should rank guys who barely ever fight (Stiverne, Malik Scott) loads lower over time. Because it's just getting ridiculous, Stiverne has fought one guy in the past 3 year, a guy who isn't even ranked at all and actually allmost lost despite his druguse, and what happens? He earned himself another world titleshot!

What's next? Getting KOed by Wilder in the first round and then he'll get another titleshot in 3 years?
It's just ridiculous and way to many boxers are way to inactive to still take them serious.

The title organization rankings don't even matter to me. I don't know who's ranked what by the WBC, WBA, IBF or whatever and I couldn't give less of a sh*t. They have zero credibility with me.

gilgamesh wrote:

asdfjkl wrote:

apollo creed wrote:Floyd is waiting to pay those taxes from the money of people who are gonna buy his circus-fight.LOL He's gonna pay those taxes from the easiest huge payday of his life.

He's like Wilder³, guys who live from their haters I guess.

Wilder's yet to prove he can draw a crowd anywhere but Alabama. Floyd on the other hand is a big star. They get hate from the fans for different reasons. Floyd gets hate because he's really good, and because of his domestic violence issues a lot of people hate him. Wilder is decent, but is one of the most cowardly titleholders picking the easiest possible opponents I've ever seen.

How did he do at Barclays agenst Szpilka?
Ho

He probably could sell one of his houses and pay the IRS. What if he did not have this fight? What would he tell the IRS then?

RScarf1 wrote:He probably could sell one of his houses and pay the IRS. What if he did not have this fight? What would he tell the IRS then?

Then he would have fought another bum, any bum would accept a fight against him, he makes 200 mil any bum makes 20m.

asdfjkl wrote:

RScarf1 wrote:He probably could sell one of his houses and pay the IRS. What if he did not have this fight? What would he tell the IRS then?

Then he would have fought another bum, any bum would accept a fight against him, he makes 200 mil any bum makes 20m.

He would make money, but not the amount he's making to fight McGregor. He is the only opponent that Mayweather could make this amount of money.

asdfjkl wrote:

RScarf1 wrote:He probably could sell one of his houses and pay the IRS. What if he did not have this fight? What would he tell the IRS then?

Then he would have fought another bum, any bum would accept a fight against him, he makes 200 mil any bum makes 20m.

Mayweather is only getting paid 120 Million for McGregor. If he was fighting a bum he wouldn't make 10% of that.

RScarf1 wrote:

asdfjkl wrote:

RScarf1 wrote:He probably could sell one of his houses and pay the IRS. What if he did not have this fight? What would he tell the IRS then?

Then he would have fought another bum, any bum would accept a fight against him, he makes 200 mil any bum makes 20m.

He would make money, but not the amount he's making to fight McGregor. He is the only opponent that Mayweather could make this amount of money.

https://www.forbes.com/sites/kurtbadenh ... -earnings/

Mayweather won't make any money from the McGregor fight. No one is buying tickets.

MachoTime wrote:Mayweather won't make any money from the McGregor fight. No one is buying tickets.

His 120 Million is guaranteed. If the fight takes place, he gets paid.

gilgamesh wrote:

MachoTime wrote:Mayweather won't make any money from the McGregor fight. No one is buying tickets.

His 120 Million is guaranteed. If the fight takes place, he gets paid.

That "IF" is looking better each day as they sell no tickets zero, nada. Serves them right. It's a big scam trying to rip people off.

gilgamesh wrote:

MachoTime wrote:Mayweather won't make any money from the McGregor fight. No one is buying tickets.

His 120 Million is guaranteed. If the fight takes place, he gets paid.

Yup, + PPV's , tickets, merchandising, probably betting, sponsorships, etc, etc. I won't be surprised if Floyd makes around 400 mill. this time. LOL He's a smart dude.

MachoTime wrote:

gilgamesh wrote:

MachoTime wrote:Mayweather won't make any money from the McGregor fight. No one is buying tickets.

His 120 Million is guaranteed. If the fight takes place, he gets paid.

That "IF" is looking better each day as they sell no tickets zero, nada. Serves them right. It's a big scam trying to rip people off.

It's gonna go down Macho. You obviously hope it doesn't, but prepare to be disappointed because it's gonna. There's no question of if. It's happening.

gilgamesh wrote:

MachoTime wrote:

gilgamesh wrote:
His 120 Million is guaranteed. If the fight takes place, he gets paid.

That "IF" is looking better each day as they sell no tickets zero, nada. Serves them right. It's a big scam trying to rip people off.

It's gonna go down Macho. You obviously hope it doesn't, but prepare to be disappointed because it's gonna. There's no question of if. It's happening.

http://tmobilearena.ticketsplus.com/res ... eather+Jr.

See for yourself. Click on each section. It's been the same for three straight days. Plain and simple no one is buying it.

MachoTime wrote:

gilgamesh wrote:

MachoTime wrote:
That "IF" is looking better each day as they sell no tickets zero, nada. Serves them right. It's a big scam trying to rip people off.

It's gonna go down Macho. You obviously hope it doesn't, but prepare to be disappointed because it's gonna. There's no question of if. It's happening.

http://tmobilearena.ticketsplus.com/res ... eather+Jr.

See for yourself. Click on each section. It's been the same for three straight days. Plain and simple no one is buying it.

Keep telling yourself that Macho