Rapper and Boxer in Trouble with IRS

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Rapper Lil Wayne and boxer Floyd Mayweather Jr. are both in hot soup with the IRS. Rapper Lil Wayne, whose real name is Dwayne M. Carter, is said to owe the IRS over $5.6 million in taxes for the years 2008 and 2009. On the other hand, boxing great Mayweather Jr. owes the IRS $3.4 million from 2009, the year he came out of retirement to fght Juan Manuel Márquez, a match with reportedly earned Mayweather Jr. a cool $25 million.

This is not the frst time Lil Wayne has gotten into the bad books of the IRS. Last year, the IRS fled a $1.1 million lien against him for taxes owed in 2004, 2005 and 2006. This time, the IRS is after much larger amounts. According to them, the rapper owes taxes amounting to $3,351,078 for 2008, and $2,258,956 for 2009. The IRS fled a tax lien dated March 2 and listed Lil Wayne’s main home in Miami Beach, Florida as the main address.

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Published In: Tax Updates

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