After his comeback fight with Juan Manuel Marquez, Mayweather Jr. agreed to pay the IRS $5.6 million in back taxes before the IRS took it out of his purse.

According to the LA Times, “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.” Essentially, the IRS managed Mayweather’s cash flow for him by taking the money directly from his purse.

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.

According to Sports Illustrated, “A copy of the levy notice obtained by the AP shows the IRS was seeking less than what it filed for in its tax lien. The notice dated Aug. 25 said Mayweather owed $4.71 million in unpaid taxes and $930,000 in statutory additions calculated through Sept. 25.”

Recently, the IRS has been coming down harshly against the wealthy and famous who earn enormous amounts of money and escape from paying tremendously large sums of taxes. The accumulation of back taxes can grow overwhelming quickly–make sure you resolve your tax problems as soon as they appear. Consult tax help from a professional tax attorney today!

If you owe the IRS back taxes, you are entitled to get professional tax help from a tax attorney, CPA, or certified tax resolution specialist. Tax Resolution Services can help you understand what your choices are and how to address your tax problems.  Call us at 1-866-IRS-PROBLEMS or 1-866-477-7762.

More Tax Help, IRS News and Tax Relief Tips:

1. Tax Help For Taxpayers Short on Cash: Filing a Tax Return Late is Better than Filing a False Tax Return
2. Tax Resolution News: In 2010, IRS to Put Even More Heat on Tax Cheats
3. Get Tax Help to Avoid Jail Time Like Las Vegas Man Charged With 15 Years For Tax Evasion
4. Tax Resolution News: IRS Warns Against Frivolous Tax Arguments That Can Incur Severe Penalties
5. Tax Help: How to Resolve Your Back Taxes & Prevent Tax Problems If You’re Short on Cash This Season

Tags: Back Taxes, Floyd Mayweather Jr., IRS debt, IRS tax debt, Michael Rozbruch, tax attorney, tax evasion, tax help

This entry was posted on Wednesday, October 7th, 2009 at 2:00 pm and is filed under Back Taxes, Tax news and tips, tax help. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.