MANILA, Philippines – Fighting congressman Manny “Pacman” Pacquiao will submit the necessary documents proving he paid taxes to the Internal Revenue Service (IRS) for his bouts in the United States, his promoter, Top Rank chief executive Bob Arum, said on Wednesday.
In a statement, Arum said Top Rank has the “deposit confirmations for each payment” that they have gone to the IRS in Pacquiao’s behalf.
“Top Rank has done the same for all U.S. endorsements it has facilitated on Manny’s behalf,” he added.
Arum said Top Rank has submitted copies of the electronic funds transfer (EFT) deposit acknowledgements to the Bureau of Internal Revenue as proof of payment.
"The BIR received the documents, but directed Manny to obtain ‘certified’ directly from the IRS itself,” he said.
“As I am sure people appreciate, obtaining certified copies of documents from the IRS takes time. Manny made the formal request to the IRS, and we have every expectation that necessary documents will be furnished to the BIR very soon,” he stressed.
According to the IRS website, getting an exact copy of a previously filed and processed tax return requires completing a form and mailing it to the IRS.
“If you need an exact copy of a previously filed and processed tax return and all attachments (including Form W-2), you should complete Form 4506 (PDF), Request for Copy of Tax Return, and mail it to the address listed in the instructions, along with a $50.00 fee (fee change effective 10/1/2013) for each tax return requested. The check or money order for the fee should be made payable to the ‘United States Treasury,’ also enter your SSN or EIN and ‘Form 4506 request’ on your check or money order. Copies are generally available for returns filed in the current and past six years. Copies of jointly filed tax returns may be requested by either spouse and only one signature is required. Allow 60 calendar days to receive your copies,” the IRS website said.
Arum’s statement comes after Pacquiao claimed on Tuesday that his bank accounts in the Philippines have been garnished over allegations of unpaid taxes from his fights in the United States from 2008 to 2009.
Pacquiao appeared on television yesterday appealing to the BIR regarding his case, saying he was financially paralyzed and unable to help the victims of Super Typhoon Yolanda in the Visayas as he had promised.
BIR Commissioner Kim Henares countered by saying that only P1.1 million of Pacquiao’s money has been seized. Moreover, she said the bureau has been asking Pacquiao for a copy of his tax return filed before the IRS since 2010.
“Since 2010, pinapa-explain namin sa kanya kasi dapat nire-report niya ‘yung total na kinita niya. Dapat ipakita rin niya ‘yung total na binayad niya sa Amerika na buwis. Dalawang taon kami nag-antay, hindi siya makapagpakita ng mga dokumento na ‘yan,” Henares said.
Pacquiao’s announcement came two days after his morale-boosting victory over Brandon “Bam Bam” Rios in Macau, his first boxing win since November 2011.
According to Arum, for each of Pacquiao’s fights that occurred in the United States, including those in 2008 and 2009, Top Rank "withheld 30% of Manny’s purses and paid those monies directly to the IRS" via EFT. -- With a report from Agence France-Presse and Jon Carlos Rodriguez, ABS-CBNnews.com
source: www.abs-cbnnews.com
