Floyd Mayweather Owes Over $22 Million to IRS from 2015 in Released Document
A federal tax lien obtained by the Associated Press' Oskar Garcia shows Floyd Mayweather Jr. owes the Internal Revenue Service more than $22 million from 2015.
Garcia posted a photo of the document Tuesday on Twitter:
On July 7, Law360's Bryan Koenig reported Mayweather Jr. still didn't have enough cash to pay the IRS his 2015 tax liability despite reportedly earning around $220 million for his 2015 fight against Manny Pacquiao.
"Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid," Mayweather's petition said, per ESPN's Darren Rovell. "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."
On Monday night, Mayweather posted a photo on Instagram saying he already paid the IRS $26 million as part of his 2015 tax returns:
"Uncle Sam, received $26,000,000.00 from me in 2015! What else could they possibly want?" he wrote. "I'm sure I would have been notified much sooner if there were any real discrepancies right? Bottom line, everybody just wants to be a part of the 'Money May' show, including the IRS!"
As Koenig noted, the "significant liquidity event" Mayweather's petition referred to is his upcoming bout against Conor McGregor at T-Mobile Arena in Las Vegas on Aug. 26.
According to Rovell, Mayweather is expected to earn close to $100 million guaranteed as part of the fight's purse agreement.
