Boxer Fights IRS Over $5.6 Million Tax Deficiency

Boxer Fights IRS Over $5.6 Million Tax Deficiency

U.S. Tax Court

Boxer Floyd J. Mayweather filed a petition in the Tax Court challenging a $5.6 million tax deficiency and $1.1 million accuracy-related penalty, arguing that the IRS erred by disallowing a business expense deduction for the 2017 tax year.

IRS <a href="/lr/resolve//7fwb7" rel="noopener" target="_blank">answer</a>.

Boxer Floyd J. Mayweather filed a petition in the Tax Court challenging a $5.6 million tax deficiency and $1.1 million accuracy-related penalty, arguing that the IRS erred by disallowing a business expense deduction for the 2017 tax year.