Floyd "Money" Mayweather's IRS Problem: When Wealth Doesn't Equal Cash Floyd Mayweather Jr., the undefeated boxing champion who earned an estimated $1.15 billion during his career, has been locked in a decades-long battle with the Internal Revenue Service. Despite his "Money" nickname and lavish lifestyle, Mayweather's financial saga reveals a critical lesson for wealthy taxpayers:
The IRS has released early details for a brand-new tax-advantaged savings vehicle designed exclusively for children under age 18 with a valid Social Security number: the Trump Account. The program is similar in concept to a traditional IRA—except it is built specifically to help U.S. children accumulate long-term, market-based savings from birth through adulthood. While
When the One Big, Beautiful Bill Act (OBBBA) was passed on July 4th, 2025, all the tax professionals focused on the new tax deductions (i.e. car interest deduction, no tax on overtime or tips, etc.), extension to some of the Tax Cuts and Job Act tax benefits, and other relevant items (i.e. new estate tax
