Floyd Mayweather Jr. made it rain so hard at a Las Vegas strip club a couple years back that he thinks he deserves a tax break for it.
Tax documents obtained by the Daily Mail show that Mayweather’s company, Mayweather Promotions LLC, has sent Larry Flint’s Hustler Club a 1099 IRS form for more than $20,000 he spent on strippers on May 25, 2014. Apparently The Money Team believes the Hustler Club is responsible for paying taxes on the $15,000 in singles and additional $5,000 cash Floyd and his crew spent that night.
Not surprisingly, club owner Jason Mohney is furious. He says the Hustler Club didn’t receive a dime of the $20,323.18 and that it all went to the dancers, who are independent contractors.
“I feel insulted, we throw him all this free stuff and he slaps me with a $20,000 tax bill, what the hell is that? Mayweather came to the club with a large group of friends, we gave them everything, comped bottles, comped seating, comped admission, they basically paid for nothing,” Mohney told the Daily Mail. “We should have given Mayweather a 1099 for $10,000. As you saw on the video, they had a big party enjoying themselves.”
Mohney said Mayweather is “falsifying” his tax returns by trying to tax a company after he “threw money in the air.”
“If he wanted to 1099 somebody he should have gotten the names of all the entertainers he threw the money at,” Mohney added. “We’re not paying that’s for sure. If I had a $20,000 income the IRS will expect 40 percent, we’re talking around an $8,000 tab for money we never received.”
Mayweather’s tax attorney Jeff Morse told the Daily Mail that it’s possible the form was issued in error and that the situation would be rectified immediately if someone from the Hustler Club contacted Mayweather Promotions.
If Mayweather is sending 1099 forms to strip clubs he parties at, we can only imagine the tax bill his barber will get. Even guys who are worth $650 million try to take advantage of every tax break they can get.
