Boxer Mayweather Pays Up, $5.6 MIL Goes To IRS

Published September 23, 2009

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 comeback fight against Juan Manuel Marquez, The Associated Press reports.

The IRS sent the Nevada Athletic Commission a levy notice on Sept. 4 ordering Mayweather's unpaid taxes from 2007 to be deducted from his $10 million fight purse, commission executive director Keith Kizer told AP.

Kizer said the IRS backed off one week later, after Mayweather agreed to pay the money. Mayweather won the fight in a unanimous decision.

Mayweather's tax attorney, Jeffrey Morse, told the AP on Tuesday that federal officials never intended to take Mayweather's purse, and the five-division champion has satisfied all his IRS debts.

"Floyd has – and I will absolutely attest to it – more than satisfied every tax obligation that he has," Morse said. "As of today, as of some time ago, which I can't tell you when, he owes zero to the IRS."

Morse said he expected the IRS to release a $6.17 million lien filed with the county recorder's office in Las Vegas in October last year.

Written by BET.com Staff

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