Floyd Owes The IRS A Lot In Back Taxes, Requests They Wait For McGregor Fight For Payment

Floyd Mayweather has pulled himself out of retirement to face off against Ultimate Fighting Championship (UFC) lightweight champion Conor “Notorious” McGregor inside a boxing ring. Now it would appear that the fight may mean more than ever to the boxing phenom.

It was recently reported by BoxingScene.com, that Floyd Mayweather Jr. owes some money from his 2015 federal taxes. The filing claims, “Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid. The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding.”

The filing then revealed that Floyd Mayweather Jr. plans on applying his profits from his Aug. 26 bout with Conor McGregor to alleviate the tax situation.