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stringer bell wrote: »

http://www.boxingscene.com/mayweather-owes-taxes-asks-irs-wait-mcgregor-fight--118300

Mayweather Owes Taxes, Asks IRS to Wait For McGregor Fight

by David P. Greisman

Floyd Mayweather Jr. owes federal taxes for 2015, but while he says he has more than enough money to pay them, he doesn’t quite have enough cash.

Yet.

Mayweather has filed a petition with the United States Tax Court saying much of his money is tied up and cannot be easily converted into cash, and asking for a short-term installment agreement allowing him more time to get the cash, according to Bryan Koenig of Law360. (Paul Gift of BloodyElbow.com also tweeted about the filing.)

That cash would come when he faces mixed martial arts superstar Conor McGregor in a pay-per-view boxing match on Aug. 26.

“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” Mayweather’s filing said, according to the Law360 report. “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 also asks the government to waive a penalty for failing to pay.

The government, meanwhile, argues that Mayweather has the ability to pay his taxes in full or part.

“The agency said that Mayweather had various options available … including by selling property, withdrawing cash from other accounts or taking out a loan,” the Law360 report said.

Mayweather’s gone back and forth with the IRS over the years. The agency filed a $6.17 million lien on Mayweather in 2008 for his 2007 taxes, according to a 2009 report in the Grand Rapids Press.

Mayweather ended up settling that for around $5 million, but in 2011 the IRS said the fighter owed $3.4 million in taxes incurred in 2009 and due in 2010, according to a report at the time in the Grand Rapids Press.

He also had to pay off liens the IRS filed against him in 2001, 2003, 2005 and 2006, according to an Associated Press report in 2009.

Just last year, the U.S. Tax Court entered a decision on income taxes due dating back a decade ago:

“Pursuant to the agreement of the parties in this case, it is ordered and decided that there is a deficiency in income tax due from petitioner for the taxable year 2006 in the amount of $1,627,563.00; and that there is no penalty due from petitioner for the taxable year 2006.”

Pacquiao-Horn Investigation: WBO Backs Scores, Explains Why

By World Boxing Organization

The Jeff Horn vs. Manny Pacquiao bout results were controversial causing disputes amongst fans. For this reason, transparency is so important.

The WBO does not have power to reverse the Judges decision based on discretion as it can only be revoked when fraud or a violation of Law has occurred, which is not relevant in this case.

Based on this, five (5) anonymous, competent Judges from different countries were asked to watch the bout without sound. Then, the independent results were tabulated to ascertain clearly the rounds each fighter won using an average scale based on 60, 80 and 100 percent.

To determine the winner of each round, 3 out of the 5 officials have to be in agreement.

Upon the analysis, the findings stated that Pacquiao won the 3rd, the 8th and 9th by 100%; the 5th round was won by 80%; and the 11th round by 60%. Horn won the 1st, 6th and 12th rounds by 100%; rounds 2nd, 4th, and 7th by 80%; and then, the 10th round by 60%.

From the results, it can be established that Pacquiao won 5 rounds while Horn won 7 rounds.

The next step of the analysis was to combine the Independent Judges with the Bout Judges to find the percentage agreement by round. Upon doing this analysis, the findings of the Judges stated that Pacquiao won the 3rd and 9th by 100%; the 8th round was won by 87.5%; no rounds were won by 75%; the 5th round by 62.5%; and the 10th and 11th were even rounds.

On the other hand, the Judges findings stated that Horn won the 1st, 6th, and 12th rounds by 100%; by 87.5%, he won the 4th and the 7th; the 2nd was won by 75%; none were won by 62.5%; and the even rounds were the 10th and the 11th.

The analytical method utilized was also used in the decision of Algieri-Provodnikov and Paquiao-Bradley.

Based on this analysis, Jeff Horn was the winner of the bout.

stringer bell wrote: »

http://www.boxingscene.com/pacquiao-horn-investigation-wbo-backs-scores-explains-why--118368

Pacquiao-Horn Investigation: WBO Backs Scores, Explains Why

By World Boxing Organization

The Jeff Horn vs. Manny Pacquiao bout results were controversial causing disputes amongst fans. For this reason, transparency is so important.

The WBO does not have power to reverse the Judges decision based on discretion as it can only be revoked when fraud or a violation of Law has occurred, which is not relevant in this case.

Based on this, five (5) anonymous, competent Judges from different countries were asked to watch the bout without sound. Then, the independent results were tabulated to ascertain clearly the rounds each fighter won using an average scale based on 60, 80 and 100 percent.

To determine the winner of each round, 3 out of the 5 officials have to be in agreement.

Upon the analysis, the findings stated that Pacquiao won the 3rd, the 8th and 9th by 100%; the 5th round was won by 80%; and the 11th round by 60%. Horn won the 1st, 6th and 12th rounds by 100%; rounds 2nd, 4th, and 7th by 80%; and then, the 10th round by 60%.

From the results, it can be established that Pacquiao won 5 rounds while Horn won 7 rounds.

The next step of the analysis was to combine the Independent Judges with the Bout Judges to find the percentage agreement by round. Upon doing this analysis, the findings of the Judges stated that Pacquiao won the 3rd and 9th by 100%; the 8th round was won by 87.5%; no rounds were won by 75%; the 5th round by 62.5%; and the 10th and 11th were even rounds.

On the other hand, the Judges findings stated that Horn won the 1st, 6th, and 12th rounds by 100%; by 87.5%, he won the 4th and the 7th; the 2nd was won by 75%; none were won by 62.5%; and the even rounds were the 10th and the 11th.

The analytical method utilized was also used in the decision of Algieri-Provodnikov and Paquiao-Bradley.

Based on this analysis, Jeff Horn was the winner of the bout.