Manny Pacquiao’s tax attorneys say the lien that was filed against the Filipino boxing star by the Internal Revenue Service is in the process of being released and that Pacquiao is serious about his tax obligations and will continue to work with the IRS to resolve any outstanding tax issues.
Below is a statement that was issued from Pacquiao’s U.S. tax representatives:
There have been numerous public reports about tax issues involving boxing superstar Manny Pacquiao. Many of those reports have contained inaccurate and misleading information and were triggered by the filing of a federal tax lien. The lien is in the process of being released by the Internal Revenue Service.
Manny’s U.S tax counsel, Steven Toscher, of Hochman Salkin Retting Toscher & Perez, P.C., has been working with the IRS and he and Manny’s counsel, David Marroso of O’Melveny and Meyers, stated that the IRS has abated the tax assessments against Manny which triggered the filing of the lien and has released or is in the process of releasing all federal tax liens and levies. Mr. Toscher stated that Manny is serious about his tax obligations and will continue to work with the IRS to resolve any outstanding tax issues.
The attorneys emphasized that matters regarding Manny’s finances and tax matters are confidential, and both the IRS and his advisers have respected his privacy and continue to focus their attention on the facts, not misleading rumors perpetuated by others.