Comments Thread For: Roy Jones Jr. Now Battered By The IRS, Owes $3.5 Million

[Earl-Hickey]

Be the last of his worries once Lebedev ends him

[Ray*]

50 odd pages? No? Anyways this makes sense..

[$tate of Mind]

Damn somebody needs to teach these guys how to manage their money.

[SirTomJones]

Is that why he's fighting Lebedev?

probably and a few more.

[Battle*Hardened]

Man that's unfortunate.. I hate hearing **** like this, especially about legends, and especially about Roy Jones, and even more that he has to keep fighting when no way in hell he should be.

[sdcluser]

wow..who handles these guys affairs??

Wesley Snipes Accountant?

[sdcluser]

The problem with a lot of you. You have never been involved in entertainment of any sort. So you don't know the rules and how easy it is to get in Tax trouble. He may have the money. However if you are in any line of business that requires work in many states. You have to pay taxes for that state. So if Roy fought in New York which he did in those yrs and LA the next time and commentated 3 fights in 3 different states. He has to pay taxes for each one of those states. Thats what people don't realize about sports figures. As an accountant I kow that its hard to keep track of. All those baseball, basketball, football, and other sports guys. Whatever city they play in within that year they have to pay Taxes for because in reality they worked in that state.

Yep. Here we go again. Yep, We don't get it. It's simple. Pay the Fuhcking tax like you are suppose to. Yeah We all know you are an accountant. Brilliant..just brilliant.

[JmH Reborn]

What is with these guys essentially spending money they earn, before they actually are supposed to?

If Roy makes 1M theoretically from a fight, assuming he fights once a year and makes no other income, he needs to set aside roughly 327K and keep that in storing to pay his taxes. Then he pays out the rest. I mean a smart accountant would lower his taxable income, by insuring that he pays his trainer first, the promoter gets a cut, the equipment he purchases come off the top, he makes a charitable donation, mortgage interest deduction and so forth and so on to lessen that bill, but the point is, once they get that check, all this **** should be handled and stored away for the tax man, then spend their money.

[Toney616]

Somebody please tell me this guy is seriously loaded and this tax thing isn't the reason his continuing to fight

[MARKBNLV]

How in the fck do you FORGET to pay your taxes.