Nicolas Cage Tax Evasion Allegation
Posted February 22, 2008
Actor Nicolas Cage has been accused of using his production company to “wrongly write off $3.3 million in personal expenses.” An inside source did not say that $1.7 million of it was for hairplugs and botox, but it is possible. The National Treasure star is fighting an Internal Revenue Service (IRS) 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, a spokesman for the star says the items were “security needs.” A business expense is a business expense. These stars need to spend ALOT of money for their entourage….we are taking Nick’s side on this. 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.
Copyright © 2008 Celebrity Gossip. This Feed is for personal non-commercial use only. If you are reposting this, please make sure there is a link back to us. http://www.starmuscle.com
del.icio.us this | Permalink | Comment | Print | Trackback url | BlogPulse
RSS feed
