Floyd Mayweather says he can’t pay off his 2015 tax liability until after he gets some money from his Aug. 26 fight against Conor McGregor.
The boxer filed a Tax Court petition on July 5 that asks the IRS to allow him a reprieve until the fight.
Hype men: Mayweather, McGregor to start tour
Floyd Mayweather Jr. and Conor McGregor will visit Los Angeles, Toronto, New York and London next week to promote their megafight on Aug. 26.
“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” the petition said, according to the legal website Law360. “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.”
It is not known how much money Mayweather owes, but the IRS had previously argued that Mayweather had the resources to pay it immediately, even if it meant selling property or taking out a loan, Law360 reported.
Mayweather made about $220 million
Article source: http://www.espn.com/boxing/story/_/id/19952963/floyd-mayweather-leans-conor-mcgregor-bout-tax-petition-asks-irs-temporary-reprieve
Useful Links: Swiss Watches | Watch Coupons | Coupons | Alu Foam | Security Rooms | Oldtimer | Bitcoin News