Floyd Mayweather Says He Needs Conor McGregor Fight Money to Pay 2015 Taxes

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(Photo: Getty Images)

According to Floyd Mayweather, the boxing legend paid $26 million in taxes for 2015.

And according to the IRS, the man that goes by “Money” came up short that year.

On July 5, the undefeated 40-year-old filed a Tax Court petition seeking to delay payment on what he owes until after his August 26 fight with Conor McGregor. Or as the petition calls it, “a significant liquidity event.”

“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” the petition said, as reported by Law360. “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.”

According to ESPN, Mayweather owes the IRS $22.2 million.

On Monday, Mayweather, who according to Forbes is worth $340 million, took to Instagram to comment on the situation.

Law360 reported that the IRS had ruled that Mayweather had the assets to pay his charge by several means, including taking out a loan or selling property.

Mayweather made an estimated $220 million on his May 2, 2015, victory over Manny Pacquiao.