Tax lien from IRS Pacquiao’s US properties

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The Internal Revenue Service (IRS) lifted the tax lien on Manny and Jinkie Pacquiao’s US properties, thus, allowing them already to sell their mansion in Los Angeles, California.

A news was released on December 10 stating that Pacquiao owes $18 million to IRS where his lawyer Tranquil Salvador denied.

According to the IRS, “a federal tax lien constitutes a legal claim against your property when you neglect or fail to pay a tax debt…” in order to protect government’s interest and covers real estate, personal property and financial assets.

The couple is selling their property in Los Angeles worth $2.7 million to buy more private residence.

(GMA News Online)

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