The IRS has filed a tax lien against Nicolas Cage for $6.25 million dollars according to The Detroit News. An IRS tax lien is usually the first major action the IRS will take if you fail to pay taxes. The reason why you see the media reporting this is because a tax lien becomes public knowledge as it will show up in country clerks office records, state records, your credit, and more.
According to sources, Nicolas Cage fell behind with IRS in 2007, which lead to the IRS hearing in LA court in New Orleans on July 14th. This is the second time Cage has run into the IRS, paying $660k in back taxes for the unreasonable deduction of personal expenses back in September 2008. Nicholas Cage is one current celebrity that owes a ton in back taxes.
It seems amazing to me that Nicolas Cage is facing this tax bill right now. Firstly because its his second time in trouble with them in less than a year, you’d think he’d learn the lesson the first time….Don’t mess with the IRS.
Secondly, the guy makes $12 million per film, you’d think he could easily come up with the $6 million and change to satisfy the IRS. Could there be problems we don’t know about. Drugs? Gambling? Madoff?
Frank, I gotta tell you you’re not seeing the whole picture. Dude has to pay his agent about 20% per film. Then there is his staff and the mrtgage on his home. between his personal trainer, the bodyguards, hairstylist and so on he’s left with $2mil. I still think he can make a quarterly payment plan. 2 months on shooting, pay $2.25 mil. He can do that and I hope he does. Accountability and common sense.