Nicolas Cage intends to pay back the IRS dues
January 19th, 2010 - 10:11 pm ICT by Aishwarya Bhatt
Los Angeles, Jan 19 (THAINDIAN NEWS) The financially troubled actor Nicolas Cage has said that he intends to pay back all the IRS dues that are pending. He revealed that he has every intention to pay back all the pending taxes, that he currently owes to the government. He said to a publication that during the course of his illustrious career, he has paid around $70 million in taxes and he owes about $14 million now, which he has every intention of paying back.
When talking about his debt to the Internal Revenue Service, the actor said his new management team is helping him resolve his financial problems. “However, I am under new business management and am happy to say that I am current for 2009, all taxes will be paid, including any to be determined state taxes,” he said.
It may be recalled that in October 2009, Nicolas Cage had filed a lawsuit against Samuel J. Levin and his firm. “Instead of protecting and preserving Cage’s wealth during one of the greatest economic periods in the country’s history, Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses,” the lawsuit stated. Samuel J. Levin served as Nicolas Cage’s business manager for the time period 2001 to 2008 and collected millions of dollars in management fees, the court documents stated.
- Nicholas cage files lawsuit against business manager Samuel Levin - Oct 19, 2009
- Nicolas Cage sued by ex-girlfriend Christina Fulton for $13 million - Dec 19, 2009
- Nicholas Cage sued by ex-gf Christina Fulton - Dec 14, 2009
- Nicolas Cage Broke, Suing His Manager - Nov 04, 2009
- Nicolas Cage owes US government $14 mn - Jan 17, 2010
- Nicholas Cage Resolved To Clear His Tax Dues With IRS - Jan 19, 2010
- House In Nicolas Cage Foreclosure Gets Zero Bids - Apr 09, 2010
- Court Case Of Nicolas Cage Against His Previous Commercial Manager Discarded - Sep 02, 2010
- Nicholas Cage to pay $14m in back taxes - Jan 17, 2010
- Nicolas Cage foreclosure: No buyers for his LA mansion - Apr 09, 2010
- Ex-accountant says Nicholas Cage was 'compulsive' spender - Nov 18, 2009
- Nicholas Cage settles financial suit with accountant - Sep 02, 2010
- Nicolas Cage sues business manager - Oct 19, 2009
- Cash strapped Nicholas Cage buys a pyramid-shaped burial tomb in New Orleans - Apr 17, 2010
- Martin Scorsese hit with $2.8m tax bill - Mar 09, 2011
Tags: business manager, catastrophic losses, court documents, illustrious career, intention, internal revenue service, irs, jan 19, levin, management fees, new business management, new management team, nicholas cage, nicolas cage, periods, real estate investments, risky real estate, state taxes, time period
