Mayweather settles debt with IRS

by
Steve Marcus / REUTERS

Floyd Mayweather is in the IRS' good books again.

The retired boxer paid $23.5 million to the IRS just days after his Aug. 26 win over Conor McGregor to settle an outstanding tax liability from 2015, according to Bryan Koenig of Law360. Both parties filed a joint motion in U.S. Tax Court to dismiss the payment dispute in September.

While he's off the hook for the 2015 tax lien, Koenig notes that a lightly redacted account transcript states Mayweather had a late-payment interest charge of more than $551,000 and a $1.2-million late-payment penalty assessed against him on Sept. 25.