Boxing great Floyd Mayweather Jr. agreed to pay the Internal Revenue Service (IRS) $5.6 million in back taxes, adding credibility to the supposed money and taxes issues he has always denied. Mayweather agreed to pay the IRS before the organization exercised its authority to take the money from his share of “Number One, Numero Uno” boxing match with Juan Manuel Marquez.

Many are speculating that Floyd agreed to the Mayweather-Marquez fight because of his tax and money problems. Before the boxing match, where Mayweather defeated Marquez, the IRS sent the Nevada Athletic Commission a notice that ordered Mayweather’s unpaid taxes from 2007 to be deducted from his $10 million fight purse.

Floyd Mayweather on IRS taxes and debt.

Jeffrey Morse, the tax attorney of Floyd “Money” Mayweather, denies the claim though, saying that federal officials never intended to take Mayweather’s purse. Moreover, he added that the champion boxer has paid all of his debts to the IRS. Morse stated:

“Floyd has — and I will absolutely attest to it — more than satisfied every tax obligation that he has. As of today, as of some time ago, which I can’t tell you when, he owes zero to the IRS.”

Apart from IRS tax issues, Money Mayweather is also being slapped with a lawsuit by JP Morgan Chase. He is being sued because he allegedly owes more than $167,000 on an unpaid car loan for a half-million dollar luxury car he purchased in 2007. Floyd bought a Mercedes Maybach and boasted of it in MTV Cribs. In the episode, he revealed that he had the spelling of the brand logo “Maybach” changed to “Mayweather”.

The lawsuit was filed on Sept. 9 and alleges that Mayweather, who bought the Mercedes Maybach 57S in February 2007, stopped making the monthly amortization payments of $9,000 after a year.

All this controversy comes after the boxer stated in the Mayweather-Marquez HBO videos that the only difference between him and rich people who have loads of money and property is:

“My s–t is paid for!”