Floyd Mayweather owes 2015 federal taxes, asks for installment plan

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Mac4Lyfe
    SBR Aristocracy
    • 01-04-09
    • 48366

    #36
    Originally posted by Grits n' Gravy
    Sounds like he is doing what many wealthy people do and negotiate what he will pay IRS. His real estate portfolio of commercial buildings and land alone will keep him financially well off for generations.
    You don't want to make a habit of negotiating in the first place. He's the last person that should be paying them late. Penalties and interest on his type of money will bury even him.
    Comment
    • jjgold
      SBR Aristocracy
      • 07-20-05
      • 388189

      #37
      It's not broke he will be eventually someday because he spends way more money then he'll have coming in
      Comment
      • manny24
        SBR Posting Legend
        • 10-22-07
        • 20046

        #38
        Originally posted by Mac4Lyfe
        Who the fukk are you to give advice or know anything on this matter? You are a fukking pussy that put out false allegations like a gold digging bitch, then you run and hide like the pussy that you are. I already challenged your ass. Be a fukking man. You or me, one of us leave SBR for fukking ever. Put the fukk up or shut the fukk up. Your opinion is like your gaping asshole.
        Crack4Life put the pipe down you are embarrassing yourself

        we realize you are far removed from the days of chilling with Vince Young so you are getting a pass here

        now remove your lips from my rooster and run along before you get starched Mother Goose
        Comment
        • grease lightnin
          SBR Posting Legend
          • 10-01-12
          • 16015

          #39
          Originally posted by KVB
          That's what I was thinking Grits, it's a wise move with that kind of money.

          Well... ultra high net worth individuals can borrow against liquid assets like stocks and bonds at LIBOR plus 1% (2.22%)... or less.

          If Floyd is liquid, why doesn't he do that rather than pay 4.25% to the IRS???

          Riddle me that KVBer
          Last edited by grease lightnin; 07-09-17, 02:26 PM.
          Comment
          • dlowilly
            SBR Posting Legend
            • 11-09-16
            • 13862

            #40
            Originally posted by Grits n' Gravy
            The 1099s are for the strip club he owns in Vegas.
            Not according to these articles where i read about the 1099:

            Floyd 'Money' Mayweather issued a $20,000 IRS Form 1099 to a strip club, which might prompt other gotcha Forms 1099 issued to people you want to stick with tax reporting.


            It’s finally happening — Floyd Mayweather is opening a strip club in Las Vegas. The Las Vegas boxing champ has been the king of “making it rain” at strip clubs (actually, he...


            Unless something has changed Larry Flynt owns The Hustler
            Comment
            • 19th Hole
              SBR Posting Legend
              • 03-22-09
              • 18845

              #41
              Originally posted by grease lightnin
              Yeah that is how they do it. Check this out: https://youtu.be/TNd_HQE_lxMI worked at this place as a kid, it is 100% true. You can find articles in major media outlets confirming this happened. They never found anything wrong, never charged them with anything, never compensated for lost income, never even apologized. When the investigation was over, they just said come get your shit out of storage.
              Wow. That video was just incredible.
              Storm troupers marching into their place of business and their homes
              without a shred of evidence. Gov't acting on an unsubstantiated phone call.
              Anyone could be subject to a disgruntled neighbor, employee or ex-lover.
              Be careful out there!
              Comment
              • Grits n' Gravy
                Restricted User
                • 06-10-10
                • 13024

                #42
                Originally posted by dlowilly
                Not according to these articles where i read about the 1099:

                Floyd 'Money' Mayweather issued a $20,000 IRS Form 1099 to a strip club, which might prompt other gotcha Forms 1099 issued to people you want to stick with tax reporting.


                It’s finally happening — Floyd Mayweather is opening a strip club in Las Vegas. The Las Vegas boxing champ has been the king of “making it rain” at strip clubs (actually, he...


                Unless something has changed Larry Flynt owns The Hustler
                I see the form now. Strip club will have to pay the taxes. The dancers might be independent contractors but the club charges them a nightly house fee so the club does earn revenue directly from dancers.

                Floyd now owns a strip club so he won't likely spend much time at Hustler club.
                Comment
                • dlowilly
                  SBR Posting Legend
                  • 11-09-16
                  • 13862

                  #43
                  Originally posted by Grits n' Gravy
                  I see the form now. Strip club will have to pay the taxes. The dancers might be independent contractors but the club charges them a nightly house fee so the club does earn revenue directly from dancers.

                  Floyd now owns a strip club so he won't likely spend much time at Hustler club.
                  My point is it isn't a legitimate expense and if that's what Mayweather Promotions LLC is up to they're in for some hard times.

                  The Hustler will not have to pay taxes on it because the 1099 is fraudulent. The Hustler is not and I'm sure never has agreed to be an independent contractor for Mayweather Promotions LLC. At the very most Mayweather might try to somehow justify writing 20k off as business entertainment expenses which wouldn't be fully deductible, but this 1099 stuff is bad news for him. 0% chance it was a mistake like this article says:



                  I'm curious how Mayweather even got The Hustler's tax info to create a 1099 in the first place, maybe got it off a cook's w-2 or something
                  Comment
                  • funnyb25
                    BARRELED IN @ SBR!
                    • 07-09-09
                    • 39659

                    #44
                    Thought Floyd was known for being a smart businessman

                    IDK
                    Comment
                    • Mac4Lyfe
                      SBR Aristocracy
                      • 01-04-09
                      • 48366

                      #45
                      Originally posted by manny24
                      Crack4Life put the pipe down you are embarrassing yourself
                      we realize you are far removed from the days of chilling with Vince Young so you are getting a pass here
                      now remove your lips from my rooster and run along before you get starched Mother Goose
                      You are the bitch that called me out, not the other way around. You did it on 2 occasions. Now that I call you out on your shit, you crawl back in a hole with your smelly pussy. So now you're trying to quietly say that I moght be telling the truth. How convenient you fukking bitch. You don't get off that easy, you greasy, ugly, foul accuser. You started this shit, so now be a fukking man and put up. Everone can see you horribly back pedaling now. Are you really this much of a bitch? Can you honestly ever post here again with dignity? You are worst than the bitch that accused the Duke LaCrosse team. She at least had a financial motive. What's your excuse except being an extreme hater. A man would at least know when he's buried and at least apologize but you continue your ruze.

                      So now all you can say is that I'm far removed? Do you want to dig another hole? Do you now want to compare who has the most money? Or the most shit? I'll kick your ass in that department too. You are a fukking child. Stop posting until you man up and take the bet. One of us needs to leave this site.
                      Comment
                      • gauchojake
                        BARRELED IN @ SBR!
                        • 09-17-10
                        • 34103

                        #46
                        Originally posted by reigle9
                        no, a rich white man
                        No it's either a black guy who discovered and promoted acts such as ** Hammer (that worked out well) or a rags to riches black guy who has no idea what he's doing and is likely a yes man


                        anyways not a fan of the irs but fukking with them when you are a high profile person is a bad idea
                        Comment
                        • grease lightnin
                          SBR Posting Legend
                          • 10-01-12
                          • 16015

                          #47
                          Originally posted by Mac4Lyfe
                          You are the bitch that called me out, not the other way around. You did it on 2 occasions. Now that I call you out on your shit, you crawl back in a hole with your smelly pussy. So now you're trying to quietly say that I moght be telling the truth. How convenient you fukking bitch. You don't get off that easy, you greasy, ugly, foul accuser. You started this shit, so now be a fukking man and put up. Everone can see you horribly back pedaling now. Are you really this much of a bitch? Can you honestly ever post here again with dignity? You are worst than the bitch that accused the Duke LaCrosse team. She at least had a financial motive. What's your excuse except being an extreme hater. A man would at least know when he's buried and at least apologize but you continue your ruze.

                          So now all you can say is that I'm far removed? Do you want to dig another hole? Do you now want to compare who has the most money? Or the most shit? I'll kick your ass in that department too. You are a fukking child. Stop posting until you man up and take the bet. One of us needs to leave this site.


                          I like both you guys.

                          But I am shocked at the aggressiveness toward manny, who is just not an e-quarrelsome kinda dude.

                          What is going on here?
                          Comment
                          • funnyb25
                            BARRELED IN @ SBR!
                            • 07-09-09
                            • 39659

                            #48
                            Originally posted by grease lightnin
                            I like both you guys.

                            But I am shocked at the aggressiveness toward manny, who is just not an e-quarrelsome kinda dude.

                            What is going on here?
                            It is very serious greaser
                            Comment
                            • tony_come
                              SBR Posting Legend
                              • 03-31-10
                              • 21695

                              #49
                              Someone tell Floyd to buy turbo tax
                              Comment
                              • funnyb25
                                BARRELED IN @ SBR!
                                • 07-09-09
                                • 39659

                                #50
                                Originally posted by tony_come
                                Someone tell Floyd to buy turbo tax
                                Relax Tony....He is trying to download it but can't figure out where the playstore is

                                Comment
                                • jjgold
                                  SBR Aristocracy
                                  • 07-20-05
                                  • 388189

                                  #51
                                  Yes one of the biggest idiots in Las Vegas

                                  Once he's done fighting he will have to significantly reduce his spending for his standards or go broke
                                  Comment
                                  • manny24
                                    SBR Posting Legend
                                    • 10-22-07
                                    • 20046

                                    #52
                                    Originally posted by Mac4Lyfe
                                    You are the bitch that called me out, not the other way around. You did it on 2 occasions. Now that I call you out on your shit, you crawl back in a hole with your smelly pussy. So now you're trying to quietly say that I moght be telling the truth. How convenient you fukking bitch. You don't get off that easy, you greasy, ugly, foul accuser. You started this shit, so now be a fukking man and put up. Everone can see you horribly back pedaling now. Are you really this much of a bitch? Can you honestly ever post here again with dignity? You are worst than the bitch that accused the Duke LaCrosse team. She at least had a financial motive. What's your excuse except being an extreme hater. A man would at least know when he's buried and at least apologize but you continue your ruze.

                                    So now all you can say is that I'm far removed? Do you want to dig another hole? Do you now want to compare who has the most money? Or the most shit? I'll kick your ass in that department too. You are a fukking child. Stop posting until you man up and take the bet. One of us needs to leave this site.
                                    set up a charity boxing match for the end go August

                                    bring your money and your shit winner takes all loser leaves the site
                                    Comment
                                    • jtoler
                                      BARRELED IN @ SBR!
                                      • 12-17-13
                                      • 30967

                                      #53
                                      Too bad he's not in the good ole boy club like Trump.
                                      Comment
                                      • dlowilly
                                        SBR Posting Legend
                                        • 11-09-16
                                        • 13862

                                        #54
                                        Originally posted by jtoler
                                        Too bad he's not in the good ole boy club like Trump.
                                        There are no good ole boys. There is no club. It's all just a distraction by the people that are actually in control...sound familiar?
                                        Comment
                                        • jjgold
                                          SBR Aristocracy
                                          • 07-20-05
                                          • 388189

                                          #55
                                          Originally posted by grease lightnin
                                          Well... ultra high net worth individuals can borrow against liquid assets like stocks and bonds at LIBOR plus 1% (2.22%)... or less.

                                          If Floyd is liquid, why doesn't he do that rather than pay 4.25% to the IRS???

                                          Riddle me that KVBer

                                          He is in trouble $$$$

                                          He spends way too much money per month

                                          He needs to keep fighting
                                          Comment
                                          • jtoler
                                            BARRELED IN @ SBR!
                                            • 12-17-13
                                            • 30967

                                            #56
                                            Originally posted by dlowilly
                                            There are no good ole boys. There is no club. It's all just a distraction by the people that are actually in control...sound familiar?
                                            No it doesnt sound familiar is this hearsay?
                                            Comment
                                            • MickeyMan
                                              SBR Hall of Famer
                                              • 10-20-09
                                              • 5091

                                              #57
                                              Originally posted by Mac4Lyfe
                                              You are the bitch that called me out, not the other way around. You did it on 2 occasions. Now that I call you out on your shit, you crawl back in a hole with your smelly pussy. So now you're trying to quietly say that I moght be telling the truth. How convenient you fukking bitch. You don't get off that easy, you greasy, ugly, foul accuser. You started this shit, so now be a fukking man and put up. Everone can see you horribly back pedaling now. Are you really this much of a bitch? Can you honestly ever post here again with dignity? You are worst than the bitch that accused the Duke LaCrosse team. She at least had a financial motive. What's your excuse except being an extreme hater. A man would at least know when he's buried and at least apologize but you continue your ruze.

                                              So now all you can say is that I'm far removed? Do you want to dig another hole? Do you now want to compare who has the most money? Or the most shit? I'll kick your ass in that department too. You are a fukking child. Stop posting until you man up and take the bet. One of us needs to leave this site.
                                              Holy fukk mac settle down I've never even seen someone mad at manny before.

                                              Maybe if you tell us a couple stories about your life it will help you blow off some steam.
                                              Comment
                                              • funnyb25
                                                BARRELED IN @ SBR!
                                                • 07-09-09
                                                • 39659

                                                #58
                                                I got mad at manny once....was an accident though...I was mad a funny and manny sounded similar...I very quickly apologized
                                                Comment
                                                • grease lightnin
                                                  SBR Posting Legend
                                                  • 10-01-12
                                                  • 16015

                                                  #59
                                                  Originally posted by jjgold
                                                  He needs to keep fighting

                                                  Each fight could be a clean slate but he will end up broke.
                                                  Comment
                                                  • teaserpleaser
                                                    BARRELED IN @ SBR!
                                                    • 08-14-08
                                                    • 26016

                                                    #60
                                                    Originally posted by El Nino
                                                    basically fighting for free. Just more reason to stay away from this fight. Floyd could easily take a dive here to set up two more $200 milly pay days.
                                                    Wait you think he would risk his undefeated record for a payday he would get anyways

                                                    Throw the fight vs an mma fighter
                                                    That makes sense.
                                                    Comment
                                                    • teaserpleaser
                                                      BARRELED IN @ SBR!
                                                      • 08-14-08
                                                      • 26016

                                                      #61
                                                      Originally posted by jjgold
                                                      He is in trouble $$$$

                                                      He spends way too much money per month

                                                      He needs to keep fighting
                                                      That's the rumor

                                                      must be nice to be able to fight and generate that kind of money

                                                      especially vs somebody who most likely can't beat you
                                                      Comment
                                                      • dlowilly
                                                        SBR Posting Legend
                                                        • 11-09-16
                                                        • 13862

                                                        #62
                                                        Him and his posse will be running a 3 card Monte table in a parking garage downtown in about 20 years*


                                                        *If they aren't in jail
                                                        Comment
                                                        • jjgold
                                                          SBR Aristocracy
                                                          • 07-20-05
                                                          • 388189

                                                          #63
                                                          People don't realize no matter how much money you have if you're spending any enormous amount each month you need to generate income to match that or at least come fairly close to it or eventually your money dries out

                                                          His major income is going to dry up very very soon unless he throws the next fight which many think he will do because he likes money more than winning
                                                          Comment
                                                          • Shute
                                                            SBR Posting Legend
                                                            • 03-20-17
                                                            • 11835

                                                            #64
                                                            Originally posted by jjgold
                                                            People don't realize no matter how much money you have if you're spending any Normas amount each month you need to generate income to match that or at least come fairly close to it or eventually your money dries out
                                                            True that
                                                            Comment
                                                            • manny24
                                                              SBR Posting Legend
                                                              • 10-22-07
                                                              • 20046

                                                              #65
                                                              Originally posted by MickeyMan
                                                              Holy fukk mac settle down I've never even seen someone mad at manny before.

                                                              Maybe if you tell us a couple stories about your life it will help you blow off some steam.
                                                              Mickey it's fine manny is not everyone's cup of tea

                                                              CrackLifer taking the offseason harder than others maybe but let's face it without pucks we are all just a little on edge
                                                              Comment
                                                              • jjgold
                                                                SBR Aristocracy
                                                                • 07-20-05
                                                                • 388189

                                                                #66
                                                                There are some very frustrated guys in the thread and when you are frustrated you take it out anyway you can on other people
                                                                Comment
                                                                • Mac4Lyfe
                                                                  SBR Aristocracy
                                                                  • 01-04-09
                                                                  • 48366

                                                                  #67
                                                                  Originally posted by manny24
                                                                  set up a charity boxing match for the end go August
                                                                  bring your money and your shit winner takes all loser leaves the site
                                                                  Now you think you can kick my ass too. You are hilarious. Just to humor everyone and change the subject you knew you were buried on.

                                                                  - Where do you want said fight?
                                                                  - How much money are you pitching?
                                                                  - Can you make weight. LOL
                                                                  - If i'm in are you going to pussy out again?
                                                                  Comment
                                                                  • gauchojake
                                                                    BARRELED IN @ SBR!
                                                                    • 09-17-10
                                                                    • 34103

                                                                    #68
                                                                    It's the internet everyone tranquilo
                                                                    Comment
                                                                    • jjgold
                                                                      SBR Aristocracy
                                                                      • 07-20-05
                                                                      • 388189

                                                                      #69
                                                                      Fight odds

                                                                      Mac -115
                                                                      Manny -105
                                                                      Comment
                                                                      • Mac4Lyfe
                                                                        SBR Aristocracy
                                                                        • 01-04-09
                                                                        • 48366

                                                                        #70
                                                                        Originally posted by jjgold
                                                                        Fight odds
                                                                        Mac -115
                                                                        Manny -105
                                                                        I'm rehabbing a broken leg and would give 10 to 1 but let's hear from Manuel? He's a known ducker from now on.
                                                                        Comment
                                                                        SBR Contests
                                                                        Collapse
                                                                        Top-Rated US Sportsbooks
                                                                        Collapse
                                                                        Working...