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Owe back taxes? Don't do what Floyd Mayweather did

Source: cbsnews.com - Jul 17, 2017

It has been reported that Floyd Mayweather, the undefeated boxing legend, owes the IRS millions of unpaid taxes from the past several years. But the exact amount wasn't known until a recent story in the Las Vegas Review Journal revealing that the champ's total unpaid tax bill is a staggering $22 million.

It's hard to conceive that a professional athlete who has earned hundred of millions of dollars over his career -- $220 million alone for his 2015 fight against Manny Pacquiao -- is under threat of collection and levy on his assets by the IRS.

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Category: General Business