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IRS Now Targets Manny Pacquiao For $18 Million in Debt - Boxing News
 
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 Last update:  12/10/2013       Read more by TMZ         
   
IRS Now Targets Manny Pacquiao For $18 Million in Debt
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By TMZ

Manny Pacquiao's financial problems are starting to build up. He now has a bill of $18 million dollars ... in addition to his $50 million dollar tax fight in the Philippines ... and this time, it's Uncle Sam that's trying to force Manny to pay up.

TMZ Sports has obtained official documents which show the IRS claims Manny owes the government millions in federal income taxes from 2006 to 2010 ... totaling $18,313,668.79 in debt.

Here's the yearly breakdown:

2006 -- $1,160,324.30
2007 -- $2,035,992.50
2008 -- $2,862,437.11
2009 -- $8,022,915.87
2010 -- $4,231,999.01

Interesting note -- Manny had 3 big fights in 2008, including a match against Oscar De La Hoya in which MP reportedly banked $15-$30 million in guaranteed cash.

In 2009, Manny famously fought Ricky Hatton and Miguel Cotto.

Manny's U.S. tax problems come on the heels of a nasty tax war in his home country, the Philippines ... where the goverment claims he evaded paying $50 million in taxes in 2008 and 2009 stemming from fights that took place in the United States.

Philippines officials have frozen the bank accounts Manny has in the country ... and even placed a lien on one of his most expensive properties, located in Manila.

We reached out to Manny's camp -- so far no word back.

Tags: Manny Pacquiao



 User Comments and Feedback (must register to comment)

comment by ANACONDA, on 01-02-2014
I wonder how long he can dodge this for?

comment by Slip Stream, on 01-02-2014
[QUOTE=strykr619]Bull****, just like the IRS doesn't target you due to your political affiliations? We found out that was a total lie. Arum gonna make that phone call to his boy Sen Reid (another crook) and make this all go away.....[/QUOTE] I call bvllsh1t on your idiotic reasoning. The...

comment by MrTambourineMan, on 01-02-2014
[QUOTE=The Big Dunn]Stop crying dude. you of all people.[/QUOTE] Nice try, but insulting unwarranted Arrogance and clear Stupidity isn't close to saying people from 3rd World Countries should not voice their opinions because they are "Worthless". You've got spark though Kid, so I'll welcom...

comment by Rezelby, on 01-02-2014
[QUOTE=WatchForTheHook]:blow: IN America where it Matters Floyd will always be picked over manny as the Better Fighter homie You think KObe,Jordan,Lebron, Give a **** about what ppl in 3rd world **** holes think about them?? Floyd Will have a Statue outside the MGM Grand like Oscar in LA......

comment by The Big Dunn, on 01-02-2014
[QUOTE=MrTambourineMan]Legacy is forever, Wealth is fleeting. Floyd fans enjoy it now, because in decades time, When you're Old Men and have to stop living your lives through Floyd - reality will bite. Especially you - I'MDazed. You might be a Figure of Worship to dumb people, but In...

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