1. #1
    jjgold
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    Floyd Mayweather owes 2015 federal taxes, asks for installment plan



    Guy will be broke by 55 dumb mother fukker


    David Greisman of BoxingScene.com reports that Mayweather still owes federal taxes for 2015 and is petitioning the U.S. Tax Court for an installment agreement, specifically citing what appears to be his scheduled Aug. 26 clash with MMA superstar Conor McGregor as a “significant liquidity event” from which he intends to pay the remaining balance.
    Boxing Scene cites a Law360 report describing the apparent dispute between Mayweather and the IRS. “The agency said that Mayweather had various options available … including by selling property, withdrawing cash from other accounts or taking out a loan.”
    In other words, Mayweather argues he’s too illiquid to immediately pay his 2015 taxes while the IRS believes some of his assets could be converted into cash or Mayweather could take out a loan to pay what he owes.
    2015 is the year Mayweather reportedly earned $220-230 million for defeating Manny Pacquiao in what was billed as boxing’s Fight of the Century. Once the McGregor clash takes place towards the end of the summer, Mayweather will now have to pay taxes on a possible $400 million in earnings as well as cover his past IRS debts

  2. #2
    El Nino
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    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.

  3. #3
    70'sMan
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    Don't care for Floyd but like the IRS less. Those payment plans suck. I am in one right now myself.
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  4. #4
    reigle9
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    smells like fake news

    assume he's scamming the system in some way

    floyd's sharp

  5. #5
    jjgold
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    Quote Originally Posted by El Nino View Post
    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.
    of course

    HE NEEDS CASH TO KEEP COMING IN FOR YEARS

  6. #6
    manny24
    pay Bobby
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    $400 mil paydays to cover $600 mil bills !

    quickest hands biggest retard

  7. #7
    tony_come
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    Straight cash homie

  8. #8
    mdunlap3
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    Smart move. Opportunity cost sir.

  9. #9
    grease lightnin
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    Mayweather will be broke one day for sure.

  10. #10
    jjgold
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    You can't overspend like he does eventually the money dries up

  11. #11
    reigle9
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    he doesn't overspend, it's all a work

  12. #12
    CappinTerp
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    Don't like IRS....had big problem with them about 20 years ago, at that time they took money 1st, asked questions later.

  13. #13
    grease lightnin
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    Quote Originally Posted by reigle9 View Post
    he doesn't overspend, it's all a work

    uhh... google "mayweather spend money"

  14. #14
    grease lightnin
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    Quote Originally Posted by CappinTerp View Post
    Don't like IRS....had big problem with them about 20 years ago, at that time they took money 1st, asked questions later.

    Yeah that is how they do it. Check this out: https://youtu.be/TNd_HQE_lxM

    I 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.

  15. #15
    gauchojake
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    Who's his business manager his father?

  16. #16
    reigle9
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    Quote Originally Posted by grease lightnin View Post
    uhh... google "mayweather spend money"
    uhh, google when he's being a real person talking to stern

  17. #17
    reigle9
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    Quote Originally Posted by gauchojake View Post
    Who's his business manager his father?
    no, a rich white man

  18. #18
    grease lightnin
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    Quote Originally Posted by reigle9 View Post
    uhh, google when he's being a real person talking to stern


    Idgaf what he says to Stern. The motherfukker is worse than ** Hammer. Anyone that makes as much as he has and has to request installments on his tax bill is a financial disaster waiting to happen.

  19. #19
    manny24
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    IRS is firm but fair

    get your taxes in order guys Shute

  20. #20
    reigle9
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    you don't understand how things work

  21. #21
    JayLA
    On to the next one...
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  22. #22
    jjgold
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    Quote Originally Posted by grease lightnin View Post
    Idgaf what he says to Stern. The motherfukker is worse than ** Hammer. Anyone that makes as much as he has and has to request installments on his tax bill is a financial disaster waiting to happen.
    of course

    he is ghetto so he is not smart at all

  23. #23
    Mac4Lyfe
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    Quote Originally Posted by manny24 View Post
    IRS is firm but fair
    get your taxes in order guys Shute
    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.

  24. #24
    70'sMan
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    LOL sure it's easy just pay your taxes. Until you own a business that is. Take your profits, try to grow the business. Tie your cash up in R&D and development. Oops business goes a little soft, S corp so all that flows through to your personal taxes. You owe ... no cash to pay.

    The tax codes favor investing activities, not manufacturing. If you own a small mfg business you are always at risk.
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  25. #25
    dlowilly
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    Both parties are retarded here

    There is no excuse for someone who has made as much money as Mayweather to need an installment plan. I also read he sent a 1099 to a strip club to try and deduct tips to strippers. WTF. If that's how he and his organization tries to operate he will be in jail again soon.

    IRS is retarded too in general. Epitome of government waste and inefficiency. For example they were saying I owed for something I already paid. When you finally can reach someone on the phone they don't know what to do and try to transfer you until you just get tired of holding, so correspondence is mostly done through the mail. After they spent about $50 in postage they finally said that yes, I had already paid it.

  26. #26
    DiggityDaggityDo
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    Mayweather should have his people go to every sportsbook available and place max bets on McGregor.

    Then take a dive.

  27. #27
    KVB
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    Depending on how he's positioned he could stand to save millions if the requested is granted. This could have been the plan since 2015 or 2016, speculating as to what will grow...he is a gambler after all.

    The other side of that coin is that he's flat out broke, but is there anything other than his request that indicates he's broke?

    It sounds like the IRS doesn't think he's broke.

    Perhaps he needs to be calling in favors from the banks instead of the IRS, and he probably will if the IRS doesn't comply.


  28. #28
    KVB
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    Quote Originally Posted by dlowilly View Post
    ...I also read he sent a 1099 to a strip club to try and deduct tips to strippers. WTF. If that's how he and his organization tries to operate he will be in jail again soon...


    Just a bidness expense, that's all.

  29. #29
    dlowilly
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    Quote Originally Posted by KVB View Post
    Depending on how he's positioned he could stand to save millions if the requested is granted. This could have been the plan since 2015 or 2016, speculating as to what will grow...he is a gambler after all.

    The other side of that coin is that he's flat out broke, but is there anything other than his request that indicates he's broke?

    It sounds like the IRS doesn't think he's broke.

    Perhaps he needs to be calling in favors from the banks instead of the IRS, and he probably will if the IRS doesn't comply.

    The bit about him sending a 1099 to a strip club indicates some problems. I can't see any way that could be a legitimate expense.
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  30. #30
    stevenash
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    Quote Originally Posted by Mac4Lyfe View Post
    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.
    Now tell us how you really feel.

  31. #31
    Harry N. Lloyd
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    Look like The Money Team needs a tutorial in personal finance.

  32. #32
    Grits n' Gravy
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    Quote Originally Posted by dlowilly View Post
    Both parties are retarded here

    There is no excuse for someone who has made as much money as Mayweather to need an installment plan. I also read he sent a 1099 to a strip club to try and deduct tips to strippers. WTF. If that's how he and his organization tries to operate he will be in jail again soon.

    IRS is retarded too in general. Epitome of government waste and inefficiency. For example they were saying I owed for something I already paid. When you finally can reach someone on the phone they don't know what to do and try to transfer you until you just get tired of holding, so correspondence is mostly done through the mail. After they spent about $50 in postage they finally said that yes, I had already paid it.
    The 1099s are for the strip club he owns in Vegas.

  33. #33
    Grits n' Gravy
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    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.

  34. #34
    KVB
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    That's what I was thinking Grits, it's a wise move with that kind of money.

  35. #35
    Mac4Lyfe
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    Quote Originally Posted by Grits n' Gravy View Post
    The 1099s are for the strip club he owns in Vegas.
    I was just about to say the same thing. Even if he's a part owner, he should be able to write off a lot as promotions. Pretty easy to wash money with a club, restaurants, car wash, etc. Wish I had a clue.

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