Boxing: Mayweather agrees to pay $5.6M back taxes to IRS
By OSKAR GARCIA
Associated Press Writer
LAS VEGAS — Boxer Floyd Mayweather Jr. agreed to pay $5.6 million in back taxes before the Internal Revenue Service was poised to take the money from his purse after his Saturday fight with Juan Manuel Marquez.
Nevada Athletic Commission Executive Director Keith Kizer says the IRS sent the commission a levy notice ordering Mayweather’s unpaid taxes from 2007 to be deducted from his $10 million fight purse. Kizer says the IRS backed off one week later after Mayweather agreed to pay the money.
Mayweather’s tax attorney, Jeffrey Morse, says the five-division champion has satisfied all his IRS debts, and federal officials never intended to take his purse.
The levy notice shows the IRS was seeking less than the $6.17 million it cited in a lien filed last year.