ReutersUndefeated boxer Floyd Mayweather goes by the nickname “Money” but a lack of cash prompted him to file an appeal with the IRS regarding overdue taxes.
Mayweather filed a tax court petition on July 5, asking the IRS to grant him a reprieve and allow him to pay his taxes after he is paid for next month’s bout vs Mixed martial arts star Conor McGregor.
The 40-year-old is coming out of retirement to face McGregor for an Aug. 26 bout that could net the boxer a nine-figure payday.
The IRS wants Mayweather (49-0) to pay his taxes for 2015. Mayweather has earned an estimated $700 million in his career, Forbes magazine reported, including a staggering $220 million from his much-hyped fight against Manny Pacquiao in May 2015.