NICOLAS CAGE FIGHTING IRS ON TAXES

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Hollywood star Nicolas Cage is being accused of using his production company to “wrongly write off $3.3 million in personal expenses”.The actor is fighting an Internal Revenue Service payment after allegedly using his Los Angeles-based company, Saturn Productions, to pay for “limos, meals, gifts, travel”, reports New York gossip column PageSix.com. However, the stars spokesman says the items were for “security needs”. Cage has filed a U.S. Tax Court lawsuit disputing $814,000 in taxes and penalties while Saturn is refusing to pay the IRS $988,000.

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showbiznews 1378 showbiznews Published 2/20/08   Message Add to Friends
 

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