For the past week it has been reported that Floyd Mayweather owed the IRS millions of dollars in unpaid taxes from 2015. Before today, nobody knew exactly how much Mayweather owed until the Las Vegas Review Journal found the undefeated boxer’s $22-million tax lien.
“The lien on Mayweather, who has had several liens against him over the years, was filed in Clark County on March 6. The boxer appears to be taking advantage of a tax law to delay having to pay the IRS until he gets money from his boxing match against UFC superstar Conor McGregor, said Las Vegas-based tax attorney Bob Grossman.
The law provides Mayweather the right to a Collection Due Process Hearing.
“He knows that it will take more than 60 days for IRS to give him a Collection Due Process Hearing,” said Grossman, a former IRS senior trial attorney and currently a tax attorney at the Tax Law Center. “Interesting move and may explain Interesting move and may explain why he’s fighting again after he retired twice.”
During today’s pre-fight press conference, Mayweather flashed a $100 million check and told everyone not to worry about his tax issues.