Celebrity Tax News: Floyd Mayweather, Jim Thorpe

Boxer Floyd Mayweather Jr. agreed to pay $5.6 million in back taxes before the IRS would be able to seize the money from his $10 million purse after his Saturday fight against Juan Manuel Marquez.

• Associated Press
• Los Angeles Times
• New York Times

Following up on my prior post, Golfer Jim Thorpe Charged With Failing to Pay $1.6m Taxes:  Mr. Thorpe pled guilty yesterday and faces a maximum of two years in prison and a $4.1 million fine when he is sentenced:

• Associated Press
• Orlando Sentinel
• Reuters