Floyd Mayweather responds to tax claims - FOX5 Vegas - KVVU

Floyd Mayweather responds to tax claims

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Floyd Mayweather Jr., seen in undated image. (FOX5 FILE) Floyd Mayweather Jr., seen in undated image. (FOX5 FILE)
Floyd Mayweather responded to tax claims on Instagram. (Source: FloydMayweather/Instagram) Floyd Mayweather responded to tax claims on Instagram. (Source: FloydMayweather/Instagram)
LAS VEGAS (FOX5) -

Floyd Mayweather, Jr. has responded to reports that he can't pay off his 2015 tax liability until he receives money from his upcoming fight against Conor McGregor. 

ESPN reported that Mayweather filed a tax court petition on July 5 that asks the IRS to allow him a reprieve until the fight. 

The report stated Mayweather is currently 15 months past due on his taxes, which would be equivalent to a 7.5 percent charge on top of what is owed. It is unknown how much Mayweather owes in his 2015 taxes. 

The boxer posted on Instagram that he paid $26 million to the IRS in 2015. 

Mayweather added that "everybody just wants to be part of the 'Money May' show, including the IRS."

"He says he's paid $26 million from 2015, but he still has a balance due of $22 million. He doesn't seem to be contesting the fact that he owes the money, he's only saying he's paid an awful lot of money." Las Vegas tax attorney Robert Grossman said. 

Grossman from the Tax Law Center says Mayweather asked for a Collection Due Process Hearing, which will give Mayweather until after his fight against McGregor to pay the IRS.

"Even if you are a man of great distinction and fame and wealth, you still have to pay the piper," Grossman said.

At the The Money Fight press tour on July 11, Mayweather put on a show to prove he still lives up to his name, holding up a what he said was a $100 million check.

Stay with FOX5 and FOX5Vegas.com for developments.

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